Valaris (NYSE:VAL) Upgraded by StockNews.com to “Sell”

Valaris (NYSE:VAL) was upgraded by investment analysts at StockNews.com to a “sell” rating in a report released on Friday.

Other research analysts have also issued reports about the company. Evercore ISI reduced their price target on Valaris from $107.00 to $105.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. Barclays dropped their price objective on Valaris from $105.00 to $102.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 5th. Finally, TheStreet raised Valaris from a “c” rating to a “b-” rating in a research note on Thursday, February 22nd. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $100.00.

Valaris Stock Up 0.4 %

NYSE:VAL opened at $67.76 on Friday. Valaris has a 12-month low of $54.13 and a 12-month high of $78.92. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $4.91 billion, a P/E ratio of 5.80 and a beta of 1.13. The stock’s fifty day simple moving average is $69.58 and its 200-day simple moving average is $68.11.

Valaris (NYSE:VAL) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.32. Valaris had a return on equity of 5.71% and a net margin of 48.50%. The business had revenue of $483.80 million for the quarter, compared to analyst estimates of $484.00 million. Equities research analysts expect that Valaris will post 4.75 earnings per share for the current year.

Institutional Trading of Valaris

Hedge funds and other institutional investors have recently modified their holdings of the company. Hosking Partners LLP raised its stake in shares of Valaris by 13.0% in the 3rd quarter. Hosking Partners LLP now owns 255,275 shares of the company’s stock valued at $19,141,000 after purchasing an additional 29,336 shares during the period. Mutual of America Capital Management LLC raised its stake in shares of Valaris by 92.9% in the 4th quarter. Mutual of America Capital Management LLC now owns 79,674 shares of the company’s stock valued at $5,463,000 after purchasing an additional 38,367 shares during the period. Lancaster Investment Management acquired a new stake in shares of Valaris in the 4th quarter valued at about $27,436,000. Tudor Investment Corp Et Al raised its stake in shares of Valaris by 567.3% in the 3rd quarter. Tudor Investment Corp Et Al now owns 78,457 shares of the company’s stock valued at $5,883,000 after purchasing an additional 66,700 shares during the period. Finally, Van ECK Associates Corp raised its stake in shares of Valaris by 11.3% in the 3rd quarter. Van ECK Associates Corp now owns 1,704,357 shares of the company’s stock valued at $127,792,000 after purchasing an additional 172,780 shares during the period. Institutional investors and hedge funds own 96.74% of the company’s stock.

About Valaris

Valaris Limited, together with its subsidiaries, provides offshore contract drilling services Gulf of Mexico, South America, North Sea, the Middle East, Africa, and the Asia Pacific. The company operates through four segments: Floaters, Jackups, ARO, and Other. It owns an offshore drilling rig fleet, which include drillships, dynamically positioned semisubmersible rigs, moored semisubmersible rig, and jackup rigs.