Citigroup initiated coverage on Borr Drilling with a new price target
$BORR
Oil & Gas Production
Energy
Citigroup initiated coverage of Borr Drilling with a rating of Neutral and set a new price target of $3.25
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/11/2025 | $3.25 | Neutral | Citigroup |
| 7/14/2025 | Buy → Neutral | BTIG Research | |
| 9/13/2024 | $9.00 | In-line → Outperform | Evercore ISI |
| 1/6/2023 | Neutral → Buy | BTIG Research |
6-K - Borr Drilling Ltd (0001715497) (Filer)
6-K - Borr Drilling Ltd (0001715497) (Filer)
6-K - Borr Drilling Ltd (0001715497) (Filer)
HAMILTON, Bermuda, Dec. 9, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE:BORR) (the "Company") announced today that its wholly owned subsidiary Borr IHC Limited and certain other subsidiaries have priced an offering of additional 10.375% senior secured notes due 2030 (the "Additional Notes") for gross proceeds of approximately $165 million. The Additional Notes will have the same terms and conditions as the existing senior secured notes due 2030. The Company plans to use the proceeds from the Additional Notes offering, together with the proceeds from its previously announced equity offering, seller financing and, if necessary, available cash, for the acquisition of five premium jack-up r
HAMILTON, Bermuda, Dec. 9, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE:BORR) (the "Company") announces today that it has priced its previously announced offering of 21 million common shares at a price of $4.00 per share for total gross proceeds of $84 million (the "Equity Offering"). The Company plans to use the proceeds from the Equity Offering, together with proceeds from a concurrent debt offering, seller financing and, if necessary, available cash, for the potential acquisition of five premium jack-up rigs and for general corporate purposes, which may include debt service, capital expenditures, funding of working capital and potential mergers and acquisitions. It is expected that
HAMILTON, Bermuda, Dec. 8, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE:BORR) (the "Company") announces today its plans to raise approximately $85 million in gross proceeds though an offering of 21 million shares (the "Equity Offering"). The Company plans to use the proceeds from the Equity Offering, together with proceeds from a debt offering, seller financing and, if necessary, available cash, for the potential acquisition of five premium jack-up rigs and for general corporate purposes, which may include debt service, capital expenditures, funding of working capital and potential mergers and acquisitions. DNB Carnegie, Inc. and Clarksons Securities AS are joint global coordinators and
Citigroup initiated coverage of Borr Drilling with a rating of Neutral and set a new price target of $3.25
BTIG Research downgraded Borr Drilling from Buy to Neutral
Evercore ISI upgraded Borr Drilling from In-line to Outperform and set a new price target of $9.00
HAMILTON, Bermuda, Nov. 5, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE:BORR) ("Borr", "Borr Drilling" or the "Company") announces unaudited results for the nine months ended September 30, 2025. Highlights Total operating revenues of $277.1 million, an increase of $9.4 million or 4% compared to the second quarter of 2025Net income of $27.8 million, a decrease of $7.3 million or 21% compared to the second quarter of 2025Adjusted EBITDA of $135.6 million, an increase of $2.4 million or 2% compared to the second quarter of 2025YTD 2025, the company was awarded 22 new contract commitments, representing more than 4,820 days and $625 million of potential contract revenueCEO, Bruno Morand com
HAMILTON, Bermuda, Oct. 15, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE:BORR) plans to release its financial results for the third quarter of 2025 after the close of the New York Stock Exchange on Wednesday, 5 November 2025. A conference call and webcast are scheduled for 10:00 AM New York time (16:00 CET) on Thursday, 6 November 2025 and participants are encouraged to dial in 10 minutes before the start of the call. The earnings report, webcast and accompanying presentation will be available on the Investor Relations section of its website, www.borrdrilling.com. In order to listen to the live presentation, participants may do one of the following: a) WebcastTo access the webcast,
HAMILTON, Bermuda, Aug. 13, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE:BORR) ("Borr", "Borr Drilling" or the "Company") announces unaudited results for the six months ended June 30, 2025. Highlights Total operating revenues of $267.7 million, an increase of $51.1 million or 24% compared to the first quarter of 2025Net income of $35.1 million, an increase of $52.0 million compared to the net loss in the first quarter of 2025Adjusted EBITDA of $133.2 million, an increase of $37.1 million or 39% compared to the first quarter of 2025YTD 2025, the company was awarded 14 new contract commitments, representing approximately 2,584 days and $318 million of potential contract revenueOther Even
SC 13G/A - Borr Drilling Ltd (0001715497) (Subject)
SC 13G/A - Borr Drilling Ltd (0001715497) (Subject)
SC 13G/A - Borr Drilling Ltd (0001715497) (Subject)
Highlights Borr financing package to increase liquidity by $200 million, strengthening balance sheet for continued growthBruno Morand to become CEO effective September 1, 2025, following a thorough succession planning processPatrick Schorn to transition from CEO to Executive Chairman of the Board of Directors, providing continuity and expanded leadership bandwidth, with the current Chairman to remain as a DirectorHAMILTON, Bermuda, July 2, 2025 /PRNewswire/ -- Borr Drilling Limited (NYSE:BORR, ", Borr", , ", Borr Drilling", or the ", Company", )) has announced today that the Company has received commitments from certain commercial banks to: 1) increase existing super senior RCF (SSRCF) to $2
HAMILTON, Bermuda, April 25, 2023 /PRNewswire/ -- Borr Drilling Limited (the "Company") (OSE: BORR) (NYSE:BORR) today announced that Mr Daniel Rabun has been appointed as a Director of the Company by the Board to fill an existing vacancy with effect from 25th April 2023. Mr. Rabun brings extensive industry experience in the energy services sector to the Company, including service as Chairman of the Board, President and Chief Executive Officer of Ensco plc, an offshore drilling services company from 2007 until his retirement in May 2015. Prior to joining Ensco, Mr. Rabun was a partner with the international law firm of Baker & McKenzie LLP, where he provided legal advice to oil and gas compa
HAMILTON, Bermuda, Jan. 2, 2021 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) (OSE: BORR) advises that the Company will hold a Special General Meeting on January 8, 2021. The Board of Directors has fixed the close of business on January 4, 2021, as the record date for the determination of the shareholders entitled to attend and vote at the Special General Meeting or any adjournment thereof. A copy of the Notice of Special General Meeting and Form of Proxy (the "Notice") and associated information can be found on the Company's website at http://www.borrdrilling.com and attached to this press release. The Notice and associated information will also be distributed to sha