Valaris (NYSE:VAL) Trading Up 5.5% – Should You Buy?

Valaris Limited (NYSE:VAL)’s share price was up 5.5% on Thursday . The company traded as high as $97.04 and last traded at $97.6750. Approximately 182,840 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 1,689,158 shares. The stock had previously closed at $92.54.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on VAL shares. BTIG Research cut Valaris from a “buy” rating to a “hold” rating in a research report on Monday, March 9th. Citigroup cut their target price on Valaris from $62.00 to $58.00 and set a “neutral” rating on the stock in a research report on Monday, December 22nd. Pareto Securities downgraded Valaris from a “hold” rating to a “sell” rating and set a $80.00 price target for the company. in a report on Monday, February 23rd. Zacks Research lowered shares of Valaris from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Valaris in a report on Wednesday, January 21st. Ten research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $56.50.

Valaris Stock Performance

The firm has a fifty day simple moving average of $76.20 and a 200-day simple moving average of $61.04. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.34. The company has a market cap of $6.70 billion, a PE ratio of 6.92 and a beta of 1.07.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VAL. UMB Bank n.a. grew its position in shares of Valaris by 50.5% during the third quarter. UMB Bank n.a. now owns 778 shares of the company’s stock worth $38,000 after acquiring an additional 261 shares during the last quarter. Wexford Capital LP acquired a new stake in Valaris during the 3rd quarter worth $41,000. Signaturefd LLC grew its position in Valaris by 22.1% during the 4th quarter. Signaturefd LLC now owns 1,133 shares of the company’s stock worth $57,000 after purchasing an additional 205 shares during the last quarter. Strs Ohio grew its position in Valaris by 100.0% during the 3rd quarter. Strs Ohio now owns 1,200 shares of the company’s stock worth $59,000 after purchasing an additional 600 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Valaris by 240.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock valued at $78,000 after purchasing an additional 1,308 shares during the period. Institutional investors and hedge funds 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.