Valaris (NYSE:VAL) Hits New 12-Month High – What’s Next?

Valaris Limited (NYSE:VAL)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $102.20 and last traded at $99.6290, with a volume of 275317 shares changing hands. The stock had previously closed at $95.75.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Barclays increased their price objective on Valaris from $43.00 to $50.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 5th. BTIG Research raised their price target on Valaris from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Valaris in a research note on Wednesday, January 21st. Pareto Securities lowered shares of Valaris from a “hold” rating to a “sell” rating and set a $80.00 price objective on the stock. in a research report on Monday. Finally, Zacks Research downgraded shares of Valaris from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. One analyst has rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $56.50.

Valaris Stock Performance

The company has a market cap of $6.55 billion, a price-to-earnings ratio of 6.73 and a beta of 1.18. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.77 and a quick ratio of 1.87. The firm has a fifty day simple moving average of $62.66 and a 200 day simple moving average of $56.01.

Institutional Investors Weigh In On Valaris

Several hedge funds have recently modified their holdings of VAL. UMB Bank n.a. increased its position in Valaris by 50.5% during the third quarter. UMB Bank n.a. now owns 778 shares of the company’s stock worth $38,000 after acquiring an additional 261 shares during the period. Wexford Capital LP acquired a new position in shares of Valaris during the third quarter valued at about $41,000. Hantz Financial Services Inc. lifted its stake in shares of Valaris by 13,400.0% in the second quarter. Hantz Financial Services Inc. now owns 1,215 shares of the company’s stock valued at $51,000 after buying an additional 1,206 shares during the period. Signaturefd LLC increased its stake in Valaris by 22.1% during the fourth quarter. Signaturefd LLC now owns 1,133 shares of the company’s stock valued at $57,000 after acquiring an additional 205 shares during the period. Finally, Strs Ohio raised its holdings in Valaris by 100.0% in the 3rd quarter. Strs Ohio now owns 1,200 shares of the company’s stock valued at $59,000 after acquiring an additional 600 shares in the last quarter. 96.74% of the stock is owned by institutional investors.

Valaris Company Profile

Valaris PLC is a leading provider of offshore drilling services to the global energy industry. The company operates a diverse fleet of mobile offshore drilling units, including drillships, semisubmersibles and jackup rigs, designed to support exploration and production activities in deepwater, ultra-deepwater and harsh‐environment settings. Valaris serves a wide range of international oil and gas customers, offering turnkey drilling solutions, project management and advanced technology integration to enhance operational efficiency and safety.

Headquartered in Houston, Texas, Valaris maintains a significant presence in key offshore basins around the world.