Valaris Limited (NYSE:VAL) Receives Average Recommendation of “Reduce” from Analysts

Shares of Valaris Limited (NYSE:VAL) have received a consensus rating of “Reduce” from the ten ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and nine have assigned a hold recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $63.1875.

A number of research firms recently weighed in on VAL. BTIG Research downgraded Valaris from a “buy” rating to a “hold” rating in a research note on Monday, March 9th. Weiss Ratings lowered Valaris from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Susquehanna boosted their price objective on Valaris from $96.00 to $98.00 and gave the stock a “neutral” rating in a report on Tuesday, April 7th. Finally, Pareto Securities lowered Valaris from a “hold” rating to a “sell” rating and set a $80.00 price objective for the company. in a report on Monday, February 23rd.

Valaris Stock Up 0.1%

VAL stock opened at $90.02 on Wednesday. The stock’s 50 day simple moving average is $96.06 and its 200 day simple moving average is $79.64. Valaris has a fifty-two week low of $41.03 and a fifty-two week high of $114.12. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market cap of $6.23 billion, a P/E ratio of 6.30 and a beta of 0.91.

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

Institutional Trading of Valaris

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wexford Capital LP bought a new stake in Valaris during the 3rd quarter worth approximately $41,000. Parallel Advisors LLC increased its holdings in Valaris by 33.5% during the 1st quarter. Parallel Advisors LLC now owns 1,065 shares of the company’s stock worth $104,000 after purchasing an additional 267 shares in the last quarter. Longview Financial Advisors Inc. bought a new stake in Valaris during the 1st quarter worth approximately $105,000. Signaturefd LLC increased its holdings in Valaris by 22.1% during the 4th quarter. Signaturefd LLC now owns 1,133 shares of the company’s stock worth $57,000 after purchasing an additional 205 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Valaris by 240.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock worth $78,000 after purchasing an additional 1,308 shares in the last quarter. 96.74% of the stock is owned by institutional investors.

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.