Valaris Limited (NYSE:VAL) Given Average Recommendation of “Reduce” by Brokerages

Shares of Valaris Limited (NYSE:VAL) have been given a consensus recommendation of “Reduce” by the eleven brokerages that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and ten have given a hold rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $56.50.

Several equities research analysts have recently issued reports on VAL shares. Pareto Securities cut Valaris from a “hold” rating to a “sell” rating and set a $80.00 target price on the stock. in a report on Monday, February 23rd. Citigroup cut their price target on Valaris from $62.00 to $58.00 and set a “neutral” rating for the company in a report on Monday, December 22nd. Zacks Research downgraded Valaris from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. BTIG Research cut Valaris from a “buy” rating to a “hold” rating in a report on Monday, March 9th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Valaris in a research report on Wednesday, January 21st.

Valaris Stock Up 1.5%

Shares of VAL stock opened at $101.81 on Friday. The company’s fifty day simple moving average is $81.44 and its two-hundred day simple moving average is $62.94. Valaris has a 52 week low of $27.15 and a 52 week high of $102.73. The stock has a market cap of $7.05 billion, a P/E ratio of 7.28 and a beta of 1.07. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.34.

Hedge Funds Weigh In On Valaris

Institutional investors have recently bought and sold shares of the business. Corient Private Wealth LLC raised its holdings in Valaris by 85.3% during the 4th quarter. Corient Private Wealth LLC now owns 14,426 shares of the company’s stock valued at $718,000 after buying an additional 6,641 shares during the period. Virtu Financial LLC purchased a new position in Valaris during the fourth quarter worth $580,000. Invesco Ltd. increased its position in Valaris by 7.6% during the fourth quarter. Invesco Ltd. now owns 510,426 shares of the company’s stock valued at $25,725,000 after acquiring an additional 36,001 shares during the last quarter. Mackenzie Financial Corp bought a new position in Valaris during the fourth quarter valued at $202,000. Finally, Empowered Funds LLC purchased a new stake in shares of Valaris in the fourth quarter valued at $1,324,000. Institutional investors own 96.74% of the company’s stock.

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.