United Rentals Inc. Stock Rises Monday, Outperforms Market

Borr Drilling Ltd

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BORR Borr Drilling Ltd

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Energy : Energy Equipment & Services | Small Cap Value
Based in Bermuda

Company profile

Borr Drilling Limited is an offshore shallow-water drilling contractor. The Company’s primary business is the ownership, contracting and operation of jack-up rigs for operations in shallow-water areas, providing drilling services to the oil and gas exploration and production industry. Its jack-up rigs are capable of drilling to a maximum well depth of approximately 35,000 feet while operating in water depths ranging from 30 to 400 feet. It operates in oil-producing geographies throughout the world, including the North Sea, Mexico, West Africa, Southeast Asia and the Middle East. It owns approximately 23 jack-up rigs, which include Skald, Groa, Idun, Thor, Norve, Gerd, Natt, Ran, Odin, Gersemi, Grid, Galar, Njord, Prospector 1, Saga, Prospector 5, Mist, Gunnlod, Frigg, Gyme, Hermod, Heimdal and Hild. The Company contract its jack-up rigs primarily on a day rate basis to drill wells for its customers, including state-owned national oil companies and independent oil and gas companies.

United Rentals Inc. Stock Rises Monday, Outperforms Market

5:26 pm ET June 6, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of United Rentals Inc. (URI) advanced 2.00% to $307.27 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.31% to 4,121.43 and the Dow Jones Industrial Average rising 0.05% to 32,915.78. This was the stock's third consecutive day of gains. United Rentals Inc. closed $107.72 below its 52-week high ($414.99), which the company reached on November 8th.

The stock outperformed some of its competitors Monday, as Fastenal Co. (FAST) rose 0.53% to $54.73, Oshkosh Corp. (OSK) rose 1.78% to $96.07, and Terex Corp. (TEX) rose 1.35% to $36.90. Trading volume (445,144) remained 349,478 below its 50-day average volume of 794,622.

Data source: Dow Jones Market Data, FactSet. Data compiled June 6, 2022.

(END) Dow Jones Newswires

June 06, 2022 17:26 ET (21:26 GMT)