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

Valaris Limited (NYSE:VAL) has earned an average recommendation of “Reduce” from the ten analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and nine have issued a hold recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $63.1875.

VAL has been the topic of several research analyst reports. Susquehanna boosted their target price on shares of Valaris from $96.00 to $98.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 7th. BTIG Research downgraded shares of Valaris from a “buy” rating to a “hold” rating in a report on Monday, March 9th. Finally, Weiss Ratings cut shares of Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th.

Valaris Stock Down 0.1%

Valaris stock opened at $75.25 on Friday. 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 has a 1-year low of $43.53 and a 1-year high of $114.12. The company has a market cap of $5.21 billion, a PE ratio of 5.27 and a beta of 0.93. The stock’s 50 day moving average price is $90.95 and its 200 day moving average price is $81.61.

Valaris (NYSE:VAL) last announced its quarterly earnings data on Monday, May 4th. The company reported ($0.24) earnings per share 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 analyst estimates of $443.75 million. Valaris had a return on equity of 12.31% and a net margin of 45.37%.The company’s revenue was down 25.0% on a year-over-year basis. During the same period in the prior year, the company earned ($0.53) EPS. On average, sell-side analysts predict that Valaris will post 3.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Schf GPE LLC acquired a new stake in shares of Valaris during the 2nd quarter valued at approximately $77,675,000. Whitebox Advisors LLC acquired a new stake in shares of Valaris in the 1st quarter worth approximately $57,249,000. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Valaris by 67.8% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,363,230 shares of the company’s stock worth $133,651,000 after acquiring an additional 550,987 shares during the period. Norges Bank purchased a new position in Valaris in the 4th quarter valued at approximately $23,581,000. Finally, Ameriprise Financial Inc. increased its stake in Valaris by 212.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 470,076 shares of the company’s stock valued at $22,926,000 after purchasing an additional 319,780 shares in the last quarter. 96.74% of the stock is owned by hedge funds and other institutional investors.

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.