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

Valaris Limited (NYSE:VAL) has earned a consensus rating of “Reduce” from the nine ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and eight have issued a hold recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $60.3125.

Several research analysts have recently weighed in on VAL shares. Susquehanna cut their price objective on shares of Valaris from $98.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday, July 8th. Weiss Ratings lowered shares of Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th.

Valaris Stock Performance

NYSE VAL opened at $77.02 on Thursday. The business’s 50-day moving average price is $81.33 and its 200 day moving average price is $85.67. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.34. Valaris has a twelve month low of $43.53 and a twelve month high of $114.12. The company has a market capitalization of $5.33 billion, a PE ratio of 5.39 and a beta of 0.94.

Valaris (NYSE:VAL) last posted its quarterly earnings results on Monday, May 4th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.19). Valaris had a net margin of 45.37% and a return on equity of 12.31%. The business had revenue of $465.40 million during the quarter, compared to analysts’ expectations of $443.75 million. During the same quarter last year, the firm earned ($0.53) EPS. The firm’s quarterly revenue was down 25.0% compared to the same quarter last year. On average, research analysts predict that Valaris will post 3.18 earnings per share for the current year.

Institutional Trading of Valaris

Several institutional investors have recently made changes to their positions in VAL. Harbor Investment Advisory LLC purchased a new position in shares of Valaris in the 2nd quarter worth $46,000. Wexford Capital LP acquired a new position in Valaris in the third quarter valued at $41,000. Parallel Advisors LLC grew its position in Valaris by 33.5% during the first quarter. Parallel Advisors LLC now owns 1,065 shares of the company’s stock valued at $104,000 after acquiring an additional 267 shares during the period. Longview Financial Advisors Inc. purchased a new stake in Valaris during the first quarter valued at about $105,000. Finally, Signaturefd LLC increased its stake in Valaris by 22.1% during the fourth quarter. Signaturefd LLC now owns 1,133 shares of the company’s stock worth $57,000 after acquiring an additional 205 shares during 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.