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.

Several institutional investors have recently added to or reduced their stakes in BORR. Jane Street Group LLC acquired a new position in shares of Borr Drilling during the first quarter valued at about $27,000. Virtu Financial LLC bought a new position in Borr Drilling in the 2nd quarter valued at about $35,000. Two Sigma Advisers LP acquired a new position in Borr Drilling during the 2nd quarter valued at about $275,000. Citigroup Inc. increased its holdings in Borr Drilling by 199,379.2% during the 1st quarter. Citigroup Inc. now owns 604,422 shares of the company’s stock worth $290,000 after purchasing an additional 604,119 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Borr Drilling by 620.9% in the second quarter. Bank of America Corp DE now owns 428,462 shares of the company’s stock worth $480,000 after purchasing an additional 369,030 shares during the last quarter.

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.

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Analyst Recommendations for Borr Drilling (NASDAQ:BORR)

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