Valaris Limited (NYSE:VAL – Get Free Report) has been given an average rating of “Moderate Buy” by the six analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $97.80.
A number of research analysts recently commented on VAL shares. Barclays lowered their price objective on shares of Valaris from $98.00 to $91.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Benchmark reaffirmed a “buy” rating and issued a $90.00 price target on shares of Valaris in a research note on Monday, August 5th. Finally, Pickering Energy Partners lowered Valaris from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 16th.
Read Our Latest Analysis on Valaris
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Valaris Price Performance
VAL opened at $56.53 on Thursday. The firm has a market capitalization of $4.11 billion, a P/E ratio of 4.95 and a beta of 1.17. The stock has a fifty day moving average of $69.52 and a 200-day moving average of $70.65. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.49. Valaris has a 12-month low of $56.45 and a 12-month high of $84.20.
Valaris (NYSE:VAL – Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $1.07. Valaris had a return on equity of 12.58% and a net margin of 49.33%. The firm had revenue of $610.10 million during the quarter, compared to the consensus estimate of $545.00 million. Equities analysts forecast that Valaris will post 4.37 EPS for the current fiscal year.
Valaris Company Profile
Valaris Limited, together with its subsidiaries, provides offshore contract drilling services Gulf of Mexico, South America, North Sea, the Middle East, Africa, and the Asia Pacific. The company operates through four segments: Floaters, Jackups, ARO, and Other. It owns an offshore drilling rig fleet, which include drillships, dynamically positioned semisubmersible rigs, moored semisubmersible rig, and jackup rigs.
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