Borr Drilling (NYSE:BORR) Issues Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Borr Drilling (NYSE:BORR) announced its earnings results on Wednesday. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01), Zacks reports. Borr Drilling had a net margin of 8.70% and a return on equity of 8.50%.

Borr Drilling Trading Down 2.5 %

Shares of NYSE:BORR opened at $2.99 on Thursday. The stock has a market capitalization of $753.95 million, a price-to-earnings ratio of 9.05 and a beta of 2.84. Borr Drilling has a 1-year low of $2.91 and a 1-year high of $7.26. The company has a 50 day moving average price of $3.58 and a 200 day moving average price of $4.53. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.41 and a current ratio of 1.41.

About Borr Drilling

Borr Drilling Limited operates as an offshore shallow-water drilling contractor to the oil and gas industry worldwide. The company owns, contracts, and operates jack-up drilling rigs for operations in shallow-water areas, including the provision of related equipment and work crews to conduct oil and gas drilling and workover operations for exploration and production.