Why These Energy Stocks Are Gaining This Week

7. Borr Drilling Limited (NYSE:BORR)

Share Price Gains Between May 22 – May 29: 14.29%

Borr Drilling Limited (NYSE:BORR) is a premier offshore shallow-water drilling contractor dedicated to providing exceptional drilling services to the global oil and gas industry.

The share price of Borr Drilling Limited (NYSE:BORR) rebounded after plunging to a 52-week low of $1.61 last week. Though the company had a tough Q1 2025, its recently announced results for the quarter revealed a healthy balance sheet and future growth potential. BORR revealed that it was awarded nine new contract commitments during the first quarter, representing approximately 1,550 days and $221 million of potential contract revenue. Moreover, the company’s operating rig count has now increased to 22, laying the foundation for stronger financial performance in the quarters ahead.

However, Borr Drilling Limited (NYSE:BORR) revealed last week that it has decided not to pay a dividend to reinforce the balance sheet and enhance long-term value creation.