Valaris Limited (NYSE:VAL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Valaris Limited (NYSE:VAL) has been given an average rating of “Moderate Buy” by the six analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $97.80.

A number of research analysts recently commented on VAL shares. Barclays lowered their price objective on shares of Valaris from $98.00 to $91.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Benchmark reaffirmed a “buy” rating and issued a $90.00 price target on shares of Valaris in a research note on Monday, August 5th. Finally, Pickering Energy Partners lowered Valaris from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 16th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of VAL. SeaCrest Wealth Management LLC increased its position in Valaris by 1.0% during the first quarter. SeaCrest Wealth Management LLC now owns 16,124 shares of the company’s stock worth $1,213,000 after buying an additional 152 shares during the last quarter. Smith Anglin Financial LLC increased its holdings in shares of Valaris by 5.4% during the 1st quarter. Smith Anglin Financial LLC now owns 3,740 shares of the company’s stock valued at $281,000 after acquiring an additional 190 shares during the last quarter. Insight Wealth Strategies LLC raised its stake in shares of Valaris by 3.0% in the 1st quarter. Insight Wealth Strategies LLC now owns 7,119 shares of the company’s stock valued at $536,000 after acquiring an additional 210 shares in the last quarter. Arizona State Retirement System lifted its holdings in Valaris by 1.2% in the 2nd quarter. Arizona State Retirement System now owns 18,244 shares of the company’s stock worth $1,359,000 after purchasing an additional 214 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Valaris by 180.8% during the first quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock worth $27,000 after purchasing an additional 235 shares during the period. Institutional investors own 96.74% of the company’s stock.

Valaris Price Performance

VAL opened at $56.53 on Thursday. The firm has a market capitalization of $4.11 billion, a P/E ratio of 4.95 and a beta of 1.17. The stock has a fifty day moving average of $69.52 and a 200-day moving average of $70.65. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.49. Valaris has a 12-month low of $56.45 and a 12-month high of $84.20.

Valaris (NYSE:VAL) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $1.07. Valaris had a return on equity of 12.58% and a net margin of 49.33%. The firm had revenue of $610.10 million during the quarter, compared to the consensus estimate of $545.00 million. Equities analysts forecast that Valaris will post 4.37 EPS for the current fiscal year.

Valaris Company Profile

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.