Valaris Limited (NYSE:VAL) Receives $54.06 Average PT from Analysts

Shares of Valaris Limited (NYSE:VAL) have been assigned an average recommendation of “Hold” from the ten brokerages that are currently covering the company, MarketBeat.com reports. Nine analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $54.0625.

Several equities analysts have weighed in on VAL shares. Clarkson Capital downgraded shares of Valaris from a “buy” rating to a “neutral” rating and set a $54.00 target price for the company. in a report on Tuesday, September 2nd. Citigroup raised their price objective on shares of Valaris from $55.00 to $62.00 and gave the stock a “neutral” rating in a research note on Friday, November 14th. Susquehanna lifted their price objective on Valaris from $49.00 to $51.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 14th. BTIG Research increased their target price on Valaris from $55.00 to $65.00 and gave the company a “buy” rating in a report on Friday, October 31st. Finally, Capital One Financial set a $55.00 price target on Valaris in a research report on Monday, September 15th.

Valaris Stock Performance

Shares of VAL stock opened at $49.48 on Wednesday. The stock has a fifty day moving average price of $54.68 and a 200 day moving average price of $50.34. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.87 and a current ratio of 1.87. The stock has a market cap of $3.44 billion, a PE ratio of 8.82 and a beta of 1.16. Valaris has a 1 year low of $27.15 and a 1 year high of $61.70.

Valaris (NYSE:VAL) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $1.65. The business had revenue of $595.70 million during the quarter, compared to analysts’ expectations of $568.41 million. Valaris had a return on equity of 17.27% and a net margin of 16.51%.The business’s quarterly revenue was down 7.4% on a year-over-year basis. Sell-side analysts forecast that Valaris will post 3.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VAL. Blume Capital Management Inc. grew its holdings in shares of Valaris by 56.5% during the second quarter. Blume Capital Management Inc. now owns 665 shares of the company’s stock worth $28,000 after buying an additional 240 shares in the last quarter. Fifth Third Bancorp boosted its position in Valaris by 77.9% during the second quarter. Fifth Third Bancorp now owns 822 shares of the company’s stock worth $35,000 after acquiring an additional 360 shares during the last quarter. UMB Bank n.a. grew its stake in Valaris by 50.5% in the 3rd quarter. UMB Bank n.a. now owns 778 shares of the company’s stock worth $38,000 after acquiring an additional 261 shares during the period. Signaturefd LLC raised its holdings in Valaris by 45.4% in the 2nd quarter. Signaturefd LLC now owns 916 shares of the company’s stock valued at $39,000 after acquiring an additional 286 shares during the last quarter. Finally, Wexford Capital LP purchased a new position in shares of Valaris during the 3rd quarter worth $41,000. 96.74% of the stock is currently 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.