Valaris (VAL) Expected to Announce Quarterly Earnings on Thursday

Valaris (NYSE:VAL) is expected to be issuing its quarterly earnings data before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of $1.20 per share and revenue of $578.01 million for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Valaris Stock Up 0.7 %

Shares of NYSE:VAL opened at $44.82 on Wednesday. The business’s 50 day simple moving average is $45.51 and its two-hundred day simple moving average is $50.96. The firm has a market cap of $3.19 billion, a P/E ratio of 3.08 and a beta of 1.10. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.61 and a current ratio of 1.61. Valaris has a 52-week low of $39.90 and a 52-week high of $84.20.

Wall Street Analysts Forecast Growth

VAL has been the topic of several recent research reports. Evercore ISI lowered Valaris from an “outperform” rating to an “in-line” rating and cut their price target for the stock from $87.00 to $59.00 in a report on Wednesday, January 15th. Susquehanna cut their price target on Valaris from $61.00 to $55.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Citigroup increased their price target on Valaris from $47.00 to $48.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Barclays restated an “equal weight” rating and issued a $49.00 target price (down previously from $59.00) on shares of Valaris in a report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. began coverage on Valaris in a report on Friday, December 6th. They issued an “underweight” rating and a $40.00 target price on the stock. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $56.83.

Valaris Company Profile

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.