Borr Drilling Limited (NYSE:BORR) is one of the best oil and gas stocks to buy for the next decade.
Capital One initiated coverage of Borr Drilling Limited (NYSE:BORR) with an Overweight rating on July 1 and set a price target of $6 on the stock
For reference, in its financial results for fiscal Q1 2026, Borr Drilling Limited (NYSE:BORR) reported total operating revenues of $247.0 million, reflecting a decrease of $12.4 million or 5% compared to fiscal Q4 2025. The company further reported that net loss for the quarter was $29.0 million compared to net loss of $1.0 million in the fourth quarter of 2025, while adjusted EBITDA for fiscal Q1 2026 was $88.5 million, reflecting a decrease of $16.7 million or 16% compared to fiscal Q4 2025. Borr Drilling Limited (NYSE:BORR) also completed the acquisition of five premium jack-up rigs from Noble Corporation in January 2026 for a total purchase price of $360 million, and entered into agreements for the acquisition of five premium jack-up rigs via a new 50/50 joint venture for a total purchase price of $287 million.
Borr Drilling Limited (NYSE:BORR) is involved in the provision of offshore drilling services to the oil and gas industry. The company’s operations are divided into the Dayrate and Integrated Well Services (IWS) segments. While we acknowledge the potential of BORR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk.