Valaris Limited (NYSE:VAL) Receives $63.19 Average PT from Analysts

Shares of Valaris Limited (NYSE:VAL) have been assigned a consensus recommendation of “Reduce” from the ten research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating and nine have issued a hold rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $63.1875.

Several analysts have issued reports on VAL shares. Weiss Ratings lowered Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Pareto Securities lowered Valaris from a “hold” rating to a “sell” rating and set a $80.00 price objective on the stock. in a research note on Monday, February 23rd. Zacks Research downgraded shares of Valaris from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. BTIG Research downgraded shares of Valaris from a “buy” rating to a “hold” rating in a report on Monday, March 9th. Finally, Susquehanna upped their price objective on shares of Valaris from $96.00 to $98.00 and gave the company a “neutral” rating in a report on Tuesday, April 7th.

Hedge Funds Weigh In On Valaris

Several institutional investors and hedge funds have recently modified their holdings of VAL. UMB Bank n.a. increased its holdings in shares of Valaris by 50.5% in the third quarter. UMB Bank n.a. now owns 778 shares of the company’s stock valued at $38,000 after purchasing an additional 261 shares during the last quarter. Wexford Capital LP acquired a new position in shares of Valaris in the third quarter valued at $41,000. Signaturefd LLC increased its holdings in shares of Valaris by 22.1% in the fourth 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 last quarter. Strs Ohio increased its holdings in shares of Valaris by 100.0% in the third quarter. Strs Ohio now owns 1,200 shares of the company’s stock valued at $59,000 after purchasing an additional 600 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Valaris by 240.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock worth $78,000 after buying an additional 1,308 shares in the last quarter. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Valaris Stock Down 1.4%

Valaris stock opened at $109.53 on Friday. Valaris has a fifty-two week low of $35.20 and a fifty-two week high of $114.12. The firm has a market capitalization of $7.59 billion, a PE ratio of 7.67 and a beta of 0.97. The company’s 50-day moving average is $96.99 and its 200-day moving average is $75.13. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.55 and a quick ratio of 1.55.

Valaris (NYSE:VAL) last posted its quarterly earnings results on Monday, May 4th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.19). The business had revenue of $465.40 million for the quarter, compared to the consensus estimate of $443.75 million. Valaris had a return on equity of 12.31% and a net margin of 45.37%.The company’s revenue for the quarter was down 25.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.53) EPS. Sell-side analysts anticipate that Valaris will post 3.41 earnings per share for the current year.

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.