Valaris (NYSE:VAL) Cut to “Hold” at BTIG Research

BTIG Research lowered shares of Valaris (NYSE:VAL) from a buy rating to a hold rating in a research report sent to investors on Monday morning, Marketbeat.com reports.

VAL has been the topic of a number of other research reports. Citigroup reduced their price objective on Valaris from $62.00 to $58.00 and set a “neutral” rating on the stock in a research report on Monday, December 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Valaris in a research report on Wednesday, January 21st. Zacks Research cut Valaris from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Finally, Pareto Securities downgraded Valaris from a “hold” rating to a “sell” rating and set a $80.00 price objective for the company. in a research note on Monday, February 23rd. Ten investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $56.50.

Valaris Price Performance

Shares of NYSE:VAL opened at $93.30 on Monday. The firm has a 50 day simple moving average of $72.02 and a 200 day simple moving average of $59.49. The company has a market cap of $6.46 billion, a price-to-earnings ratio of 6.67 and a beta of 1.07. Valaris has a one year low of $27.15 and a one year high of $102.19. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.77 and a quick ratio of 1.77.

Institutional Investors Weigh In On Valaris

Several institutional investors and hedge funds have recently made changes to their positions in the stock. UMB Bank n.a. lifted its stake in shares of Valaris by 50.5% in 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 stake in Valaris during the 3rd quarter valued at approximately $41,000. Signaturefd LLC increased its position in Valaris by 22.1% during the 4th quarter. Signaturefd LLC now owns 1,133 shares of the company’s stock valued at $57,000 after purchasing an additional 205 shares during the period. Strs Ohio raised its holdings in Valaris by 100.0% during the 3rd quarter. Strs Ohio now owns 1,200 shares of the company’s stock worth $59,000 after purchasing an additional 600 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Valaris by 240.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock worth $78,000 after purchasing an additional 1,308 shares during the last quarter. Institutional investors and hedge funds own 96.74% of the company’s stock.

About Valaris

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.