Borr Drilling reaches 52-week high after major acquisition
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 09 Dec 25
Source: Yahoo Finance
Borr Drilling Ltd's stock surged by 9.98%, reaching a 52-week high following the announcement of its acquisition of five premium jack-up rigs from Noble Corporation for $360 million.
The acquisition is expected to enhance Borr's fleet size and market position, allowing the company to solidify its leadership in the global young premium jack-up market. The deal will be financed through a combination of equity offerings and existing debt, ensuring financial flexibility.
This strategic move not only increases Borr's operational capacity but also positions the company for future growth opportunities in the drilling sector, reflecting strong investor confidence and market interest.
Analyst Views on BORR
Wall Street analysts forecast BORR stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for BORR is 4.10 USD with a low forecast of 3.60 USD and a high forecast of 4.60 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
1 Buy
2 Hold
0 Sell
Moderate Buy
Current: 4.510
Low
3.60
Averages
4.10
High
4.60
Current: 4.510
Low
3.60
Averages
4.10
High
4.60
About BORR
Borr Drilling Limited is an international drilling contractor providing offshore drilling services to the oil and gas industry. The Company's primary business is the ownership, contracting and operation of jack-up rigs for operations in shallow-water areas (in water depths up to approximately 400 feet), including the provision of related equipment and work crews to conduct oil and gas drilling and workover operations for exploration and production customers. The Company owns approximately 29 rigs. Its rigs include Skald, Groa, Idun, Thor, Norve, Gerd, Natt, Ran, Odin, Gersemi, Grid, Galar, Njord, Prospector 1, Saga, Prospector 5, Mist, Gunnlod, Arabia III, Arabia I, Vali, Arabia II, and others. It operates oil-producing geographies throughout the world, including the Middle East, the North Sea, Latin America, West Africa and South East Asia. The Company contracts its jack-up rigs primarily on a daily rate basis to drill wells for its customers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
