Valaris (NYSE:VAL) Trading Up 6.1% – Still a Buy?

Shares of Valaris Limited (NYSE:VAL) traded up 6.1% on Monday . The company traded as high as $97.10 and last traded at $96.7170. 458,527 shares traded hands during trading, a decline of 68% from the average session volume of 1,445,313 shares. The stock had previously closed at $91.19.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on VAL shares. Pareto Securities downgraded shares of Valaris from a “hold” rating to a “sell” rating and set a $80.00 target price on the stock. in a research note on Monday, February 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Valaris in a research report on Wednesday, January 21st. Susquehanna raised their price objective on Valaris from $96.00 to $98.00 and gave the company a “neutral” rating in a research report on Tuesday, April 7th. Zacks Research cut Valaris from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Finally, BTIG Research lowered Valaris from a “buy” rating to a “hold” rating in a research note on Monday, March 9th. Ten analysts have rated the stock with a Hold rating and one has issued 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 $61.72.

Valaris Stock Up 1.9%

The firm’s 50 day moving average price is $94.69 and its two-hundred day moving average price is $70.32. The firm has a market capitalization of $7.20 billion, a PE ratio of 7.43 and a beta of 1.04. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.34.

Institutional Trading of Valaris

Large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its stake in shares of Valaris by 6.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,234,713 shares of the company’s stock worth $163,031,000 after acquiring an additional 206,305 shares in the last quarter. Schf GPE LLC purchased a new stake in Valaris during the 2nd quarter worth approximately $77,675,000. American Century Companies Inc. raised its position in shares of Valaris by 87.1% in the 3rd quarter. American Century Companies Inc. now owns 1,274,038 shares of the company’s stock valued at $62,135,000 after purchasing an additional 592,971 shares in the last quarter. FIL Ltd raised its position in shares of Valaris by 10.4% in the 4th quarter. FIL Ltd now owns 1,220,279 shares of the company’s stock valued at $61,502,000 after purchasing an additional 114,967 shares in the last quarter. Finally, Goehring & Rozencwajg Associates LLC boosted its stake in shares of Valaris by 17.7% during the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 1,062,070 shares of the company’s stock valued at $53,528,000 after buying an additional 159,630 shares during the last quarter. 96.74% of the stock is currently owned by institutional investors and hedge funds.

About Valaris

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.