Valaris Limited (NYSE:VAL) Given Consensus Rating of “Reduce” by Analysts

Valaris Limited (NYSE:VAL) has earned a consensus recommendation of “Reduce” from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and eight have issued a hold recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $60.9375.

Several equities research analysts recently commented on the company. Susquehanna raised their target price on Valaris from $75.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Weiss Ratings upgraded Valaris from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 17th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VAL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Valaris by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,689 shares of the company’s stock worth $1,440,000 after buying an additional 1,605 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Valaris by 3.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,662 shares of the company’s stock worth $5,797,000 after buying an additional 4,263 shares in the last quarter. Prudential Financial Inc. boosted its position in Valaris by 4.1% in the 2nd quarter. Prudential Financial Inc. now owns 5,885 shares of the company’s stock valued at $248,000 after buying an additional 230 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Valaris by 17.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 13,539 shares of the company’s stock valued at $570,000 after buying an additional 1,996 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Valaris during the second quarter valued at about $249,000. 96.74% of the stock is currently owned by hedge funds and other institutional investors.

Valaris Trading Up 0.4%

NYSE:VAL opened at $88.11 on Monday. The business’s 50-day moving average is $79.26 and its two-hundred day moving average is $88.45. The firm has a market capitalization of $6.12 billion, a PE ratio of 6.58 and a beta of 0.94. Valaris has a 12 month low of $46.23 and a 12 month high of $114.12. 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 issued its earnings results on Wednesday, August 5th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.41. Valaris had a return on equity of 9.25% and a net margin of 43.95%.The company had revenue of $539.20 million during the quarter, compared to the consensus estimate of $488.52 million. During the same quarter in the prior year, the business earned $1.61 earnings per share. The company’s revenue was down 12.4% compared to the same quarter last year. Research analysts predict that Valaris will post 3.18 earnings per share for the current fiscal year.

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.