Kepler Capital Markets Reiterates “Sell” Rating for Borr Drilling (NASDAQ:BORR)
Borr Drilling (NASDAQ:BORR)‘s stock had its “sell” rating reissued by equities research analysts at Kepler Capital Markets in a note issued to investors on Tuesday, AnalystRatings.com reports.
Separately, Citigroup upped their target price on Borr Drilling to $0.65 and gave the company a “neutral” rating in a research report on Tuesday, June 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $0.65.
Shares of BORR opened at $0.80 on Tuesday. The firm’s fifty day simple moving average is $0.91 and its two-hundred day simple moving average is $0.95. Borr Drilling has a 12 month low of $0.24 and a 12 month high of $9.12.
About Borr Drilling
Borr Drilling Limited operates as an offshore drilling contractor to the oil and gas industry worldwide. As of December 31, 2018, the company operated a fleet of 27 jack-up drilling rigs. It provides drilling services to the oil and gas exploration and production industry. The company was formerly known as Magni Drilling Limited.
Further Reading: Leveraged Buyout (LBO) Explained
Receive News & Ratings for Borr Drilling Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Borr Drilling and related companies with MarketBeat.com's FREE daily email newsletter.