# Borr Drilling Limited (BORR)

> Source: Nexqual · https://nexqual.com/BORR · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Borr Drilling Limited (BORR), nexqual.com/BORR" · informational, not investment advice.

**Price:** USD 4.08 (-3.32% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 4.22 · day 3.92–4.21 · 52w 2.89–6.66 · market cap $1.26B · NYQ

## Key facts
- Insider open-market sales, last ~7 months: 7 Form 4 filings, $39.5M; 7 not under a Rule 10b5-1 plan ($39.5M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 19 Form 4 filings, $69.5M; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 2.43 on a 1–5 scale) (7 analysts), mean target USD 4.88 (range 3.5–5.5).
- Total return with dividends: 1Y +32.5% vs S&P 500 +14.9%; 5Y +91.4% vs S&P 500 +80.3%.
- Next earnings: 2026-11-18, EPS estimate USD -0.09, revenue estimate $260M.

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 7 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-14 | Snowling Harvey Edward | Chief Operating Officer | 300,000 | $1.5M | 67.3% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-09-03 | Mawjee Jehan | Chief Accounting Officer | 10,903 | $52K | 15.9% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-09-03 | Snowling Harvey Edward | Chief Operating Officer | 25,877 | $124K | 15.1% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-09-03 | Vaaler Magnus | Chief Financial Officer | 19,625 | $94K | 7.4% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-09-02 | Crowe Jason Philip | SVP - Commercial | 16,495 | $75K | 13.3% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-09-02 | Lee Charles (chuck) | SVP - General Counsel | 10,538 | $51K | 13.3% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-06-09 | Mordehachvili Thiago | Director | 8,000,000 | $37.6M | 17.3% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Insider purchases (SEC Form 4, open-market, last ~7 months)
19 purchases, $69.5M. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-10-15 | Troim Tor Olav | Director | 500,000 | $2.3M | 4.6 | Too little history (no open-market trades in 2023–2025) |
| 2026-10-14 | Snowling Harvey Edward | Chief Operating Officer | 300,000 | $1.5M | 4.91 | Too little history (no open-market trades in 2023–2025) |
| 2026-10-14 | Troim Tor Olav | Director | 750,000 | $3.5M | 4.72 | Too little history (no open-market trades in 2023–2025) |
| 2026-10-13 | Troim Tor Olav | Director | 1,500,000 | $7.4M | 4.93 | Too little history (no open-market trades in 2023–2025) |
| 2026-10-09 | Troim Tor Olav | Director | 2,500,000 | $11.8M | 4.74 | Too little history (no open-market trades in 2023–2025) |
| 2026-10-07 | Troim Tor Olav | Director | 1,250,000 | $5.4M | 4.31 | Too little history (no open-market trades in 2023–2025) |
| 2026-10-06 | Troim Tor Olav | Director | 1,500,000 | $6.4M | 4.24 | Too little history (no open-market trades in 2023–2025) |
| 2026-10-05 | Troim Tor Olav | Director | 1,500,000 | $6.2M | 4.13 | Too little history (no open-market trades in 2023–2025) |
| 2026-09-18 | Morand De Oliveira Bruno | Chief Executive Officer | 45,500 | $200K | 4.4 | Too little history (no open-market trades in 2023–2025) |
| 2026-09-17 | Troim Tor Olav | Director | 150,000 | $657K | 4.38 | Too little history (no open-market trades in 2023–2025) |
| 2026-09-16 | Troim Tor Olav | Director | 1,000,000 | $4.3M | 4.3 | Too little history (no open-market trades in 2023–2025) |
| 2026-08-25 | Troim Tor Olav | Director | 200,000 | $875K | 4.37 | Too little history (no open-market trades in 2023–2025) |
| 2026-08-14 | Troim Tor Olav | Director | 500,000 | $2.2M | 4.39 | Too little history (no open-market trades in 2023–2025) |
| 2026-08-13 | Troim Tor Olav | Director | 1,500,000 | $6.0M | 4.02 | Too little history (no open-market trades in 2023–2025) |
| 2026-08-13 | Currie Jeffrey | Director | 125,000 | $502K | 4.01 | Too little history (no open-market trades in 2023–2025) |

## Analysts
Consensus Buy (mean 2.43 on a 1–5 scale), 7 analysts; mean target USD 4.88 (low 3.5, high 5.5).

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +32.5% | +91.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +32.6% | +13.8% |
| Volatility (annualized) | 52.5% | 69.4% |
| Max drawdown | -41.8% (May 2026→Jul 2026) | -79.6% (Jul 2023→May 2025) |

## Peers (Oil & Gas Drilling)
NBR (Nabors Industries Ltd.) USD 77.8 -3.97% · PDS (Precision Drilling Corporation) USD 90.43 -1.50% · SOC (Sable Offshore Corp.) USD 3.04 -4.10% · SDRL (Seadrill Limited) USD 49.19 +0.04% · HP (Helmerich & Payne, Inc.) USD 37.13 -2.93% · PTEN (Patterson-UTI Energy, Inc.) USD 11.34 -2.91%

## More
Full page: https://nexqual.com/BORR · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)


Other companies that name BORR in their own reports (relationship from BORR's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| partner | Noble Corp plc (NE) | 10-K 2026-02-12 | "The agreement with Borr, comprising $210.0 million in cash and $150.0 million in seller notes, includes the sale of the Noble Tom Prosser, Noble Mick O'Brien, Noble Regina Allen, Noble Resilient, and …" |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $-0.09 | $-0.04 | +141.9% | $260.4M | 4 |
| Next quarter (ends 2026-12-31) | $-0.08 | $0.07 | -206.1% | $248.5M | 4 |
| Current fiscal year (ends 2026-12-31) | $-0.75 | $-0.16 | +369.7% | $988.2M | 6 |
| Next fiscal year (ends 2027-12-31) | $0.04 | $0.32 | -88.8% | $1.19B | 7 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-18): ±14.6%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 64.6% | ±14.6% |
| 2026-12-18 | 56 | 60.7% | ±18.9% |
| 2027-01-15 | 84 | 64.6% | ±24.4% |
| 2027-02-19 | 119 | 62.5% | ±28.0% |
| 2027-05-21 | 210 | 66.8% | ±39.6% |