Pickering Energy Partners Downgrades Valaris (NYSE:VAL) to Neutral

Valaris (NYSE:VAL) was downgraded by research analysts at Pickering Energy Partners from an “outperform” rating to a “neutral” rating in a note issued to investors on Tuesday, MarketBeat reports.

Other equities research analysts also recently issued research reports about the company. Barclays lowered their price target on Valaris from $102.00 to $98.00 and set an “overweight” rating for the company in a report on Friday, May 10th. Benchmark reissued a “buy” rating and issued a $90.00 price target on shares of Valaris in a report on Thursday, May 2nd. Finally, StockNews.com raised Valaris to a “sell” rating in a report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $99.20.

Valaris Trading Down 1.3 %

Shares of NYSE VAL opened at $78.81 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market capitalization of $5.71 billion, a P/E ratio of 6.90 and a beta of 1.21. Valaris has a 1-year low of $60.06 and a 1-year high of $80.77. The business has a fifty day moving average price of $74.37 and a 200 day moving average price of $70.26.

Valaris (NYSE:VAL) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.05). The company had revenue of $525.00 million for the quarter, compared to analysts’ expectations of $503.00 million. Valaris had a return on equity of 3.81% and a net margin of 44.93%. Equities research analysts expect that Valaris will post 4.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Fermata Advisors LLC purchased a new position in shares of Valaris in the second quarter worth about $237,000. Diversify Advisory Services LLC raised its stake in shares of Valaris by 1.1% in the second quarter. Diversify Advisory Services LLC now owns 119,882 shares of the company’s stock worth $8,683,000 after purchasing an additional 1,303 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Valaris by 112.6% in the second quarter. SG Americas Securities LLC now owns 35,885 shares of the company’s stock worth $2,673,000 after purchasing an additional 19,004 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in shares of Valaris by 41.2% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 17,260 shares of the company’s stock worth $1,286,000 after purchasing an additional 5,035 shares during the last quarter. Finally, Smith Anglin Financial LLC raised its position in Valaris by 72.2% during the second quarter. Smith Anglin Financial LLC now owns 6,440 shares of the company’s stock valued at $480,000 after acquiring an additional 2,700 shares in the last quarter. 96.74% of the stock is currently owned by hedge funds and other institutional investors.

About Valaris

Valaris Limited, together with its subsidiaries, provides offshore contract drilling services Gulf of Mexico, South America, North Sea, the Middle East, Africa, and the Asia Pacific. The company operates through four segments: Floaters, Jackups, ARO, and Other. It owns an offshore drilling rig fleet, which include drillships, dynamically positioned semisubmersible rigs, moored semisubmersible rig, and jackup rigs.