Valaris (NYSE:VAL) Stock Price Down 6.1% – What’s Next?

Valaris Limited (NYSE:VAL)’s share price was down 6.1% during mid-day trading on Thursday . The company traded as low as $103.68 and last traded at $102.9430. Approximately 380,176 shares were traded during trading, a decline of 72% from the average daily volume of 1,362,418 shares. The stock had previously closed at $109.59.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VAL. Susquehanna increased their price objective on shares of Valaris from $96.00 to $98.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 7th. Zacks Research cut shares of Valaris from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Pareto Securities downgraded shares of Valaris from a “hold” rating to a “sell” rating and set a $80.00 price target on the stock. in a research report on Monday, February 23rd. BTIG Research cut shares of Valaris from a “buy” rating to a “hold” rating in a research note on Monday, March 9th. Finally, Weiss Ratings downgraded shares of Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Nine analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Valaris presently has a consensus rating of “Reduce” and a consensus target price of $63.19.

Valaris Trading Down 7.5%

The stock has a 50-day moving average price of $96.99 and a two-hundred day moving average price of $75.13. The stock has a market capitalization of $7.02 billion, a PE ratio of 7.10 and a beta of 0.97. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.55 and a current ratio of 1.55.

Valaris (NYSE:VAL) last released its earnings results on Monday, May 4th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $443.75 million. During the same period in the prior year, the company posted ($0.53) earnings per share. The company’s revenue was down 25.0% compared to the same quarter last year. As a group, equities analysts forecast that Valaris Limited will post 3.41 earnings per share for the current year.

Institutional Inflows and Outflows

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

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.