Susquehanna Has Lowered Expectations for Valaris (NYSE:VAL) Stock Price

Valaris (NYSE:VAL) had its price objective reduced by research analysts at Susquehanna from $98.00 to $75.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Susquehanna’s price target would suggest a potential upside of 0.41% from the company’s current price.

Separately, Weiss Ratings lowered shares of Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Nine research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $60.31.

Valaris Stock Performance

VAL stock opened at $74.70 on Wednesday. Valaris has a twelve month low of $43.53 and a twelve month high of $114.12. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.34. The company has a market cap of $5.17 billion, a P/E ratio of 5.23 and a beta of 0.93. The business’s fifty day moving average is $90.28 and its 200-day moving average is $82.14.

Valaris (NYSE:VAL) last released its quarterly earnings data on Monday, May 4th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.19). Valaris had a net margin of 45.37% and a return on equity of 12.31%. The company had revenue of $465.40 million during the quarter, compared to the consensus estimate of $443.75 million. During the same quarter in the prior year, the company posted ($0.53) EPS. The company’s revenue for the quarter was down 25.0% compared to the same quarter last year. Equities research analysts forecast that Valaris will post 3.18 EPS for the current year.

Institutional Investors Weigh In On Valaris

A number of hedge funds and other institutional investors have recently made changes to their positions in VAL. WINTON GROUP Ltd raised its stake in shares of Valaris by 0.5% in the 4th quarter. WINTON GROUP Ltd now owns 27,510 shares of the company’s stock valued at $1,387,000 after purchasing an additional 146 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Valaris by 0.5% during the first quarter. PNC Financial Services Group Inc. now owns 31,465 shares of the company’s stock worth $3,085,000 after buying an additional 169 shares during the period. State of Michigan Retirement System grew its holdings in shares of Valaris by 1.3% during the first quarter. State of Michigan Retirement System now owns 15,500 shares of the company’s stock worth $1,520,000 after buying an additional 200 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Valaris by 22.1% during the fourth quarter. Signaturefd LLC now owns 1,133 shares of the company’s stock worth $57,000 after buying an additional 205 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in Valaris by 1.4% in the 3rd quarter. Quadrant Capital Group LLC now owns 15,301 shares of the company’s stock valued at $746,000 after acquiring an additional 214 shares in the last quarter. 96.74% of the stock is currently owned by institutional investors and hedge funds.

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.