Valaris Limited (NYSE:VAL) Given Average Rating of “Reduce” by Brokerages

Shares of Valaris Limited (NYSE:VAL) have earned an average rating of “Reduce” from the eleven analysts that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and ten have given a hold recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $56.50.

VAL has been the subject of several recent research reports. Pareto Securities downgraded Valaris from a “hold” rating to a “sell” rating and set a $80.00 price objective for the company. in a research note on Monday, February 23rd. BTIG Research reiterated a “neutral” rating on shares of Valaris in a research report on Monday. Weiss Ratings reissued a “hold (c)” rating on shares of Valaris in a research note on Wednesday, January 21st. Citigroup cut their price objective on shares of Valaris from $62.00 to $58.00 and set a “neutral” rating for the company in a report on Monday, December 22nd. Finally, Zacks Research cut shares of Valaris from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th.

Valaris Stock Performance

VAL opened at $87.52 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.77 and a quick ratio of 1.77. Valaris has a 1 year low of $27.15 and a 1 year high of $102.19. The stock has a market cap of $6.06 billion, a P/E ratio of 6.26 and a beta of 1.07. The firm has a fifty day moving average price of $69.54 and a 200 day moving average price of $58.64.

Institutional Trading of Valaris

Several hedge funds have recently modified their holdings of the business. ANTIPODES PARTNERS Ltd grew its stake in shares of Valaris by 8,034.0% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 580,198 shares of the company’s stock worth $28,298,000 after purchasing an additional 573,065 shares during the period. Trek Financial LLC purchased a new stake in Valaris during the third quarter worth $3,305,000. Hara Capital LLC boosted its stake in shares of Valaris by 29.1% during the 2nd quarter. Hara Capital LLC now owns 173,382 shares of the company’s stock worth $7,301,000 after purchasing an additional 39,055 shares during the last quarter. Third Avenue Management LLC grew its holdings in shares of Valaris by 2.8% during the second quarter. Third Avenue Management LLC now owns 585,921 shares of the company’s stock worth $24,673,000 after buying an additional 16,082 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Valaris in the second quarter valued at approximately $17,748,000. 96.74% of the stock is owned by institutional investors and hedge funds.

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.