Valaris (NYSE:VAL) Lifted to “Sell” at StockNews.com

StockNews.com upgraded shares of Valaris (NYSE:VAL) to a sell rating in a research report report published on Friday morning.

VAL has been the subject of a number of other reports. Barclays cut their price target on Valaris from $105.00 to $102.00 and set an overweight rating for the company in a research note on Tuesday, March 5th. TheStreet upgraded shares of Valaris from a c rating to a b- rating in a research note on Thursday, February 22nd. Finally, Evercore ISI reduced their price objective on shares of Valaris from $107.00 to $105.00 and set an outperform rating for the company in a research note on Friday, February 23rd. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Valaris presently has a consensus rating of Moderate Buy and a consensus price target of $100.00.

Valaris Price Performance

NYSE VAL opened at $69.08 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.71 and a quick ratio of 1.71. The firm has a market capitalization of $5.00 billion, a price-to-earnings ratio of 5.91 and a beta of 1.13. The company has a 50 day simple moving average of $69.78 and a 200-day simple moving average of $68.00. Valaris has a 52-week low of $54.13 and a 52-week high of $78.92.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of VAL. FMR LLC lifted its position in Valaris by 31.8% during the 3rd quarter. FMR LLC now owns 3,812,867 shares of the company’s stock worth $285,889,000 after acquiring an additional 919,123 shares during the last quarter. Lingotto Investment Management LLP lifted its position in shares of Valaris by 3.6% during the 4th quarter. Lingotto Investment Management LLP now owns 3,003,740 shares of the company’s stock worth $205,966,000 after purchasing an additional 104,000 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in Valaris by 8.7% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 2,499,355 shares of the company’s stock valued at $187,402,000 after purchasing an additional 199,662 shares during the period. Vanguard Group Inc. grew its holdings in Valaris by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 1,893,667 shares of the company’s stock valued at $129,849,000 after buying an additional 77,490 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in Valaris by 11.3% in the 3rd quarter. Van ECK Associates Corp now owns 1,704,357 shares of the company’s stock worth $127,792,000 after buying an additional 172,780 shares during the period. 96.74% of the stock is currently owned by institutional investors and hedge funds.

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.