Valaris (NYSE:VAL) Stock Price Down 6.1% – What’s Next?

Shares of Valaris Limited (NYSE:VAL) traded down 6.1% during trading on Thursday . The company traded as low as $103.68 and last traded at $102.9430. 380,176 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 1,362,418 shares. The stock had previously closed at $109.59.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Susquehanna raised their price target on Valaris from $96.00 to $98.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 7th. Weiss Ratings lowered Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Pareto Securities lowered Valaris from a “hold” rating to a “sell” rating and set a $80.00 price target for the company. in a research note on Monday, February 23rd. BTIG Research lowered Valaris from a “buy” rating to a “hold” rating in a research note on Monday, March 9th. Finally, Zacks Research lowered Valaris from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Nine equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $63.19.

Valaris Price Performance

The company has a debt-to-equity ratio of 0.34, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a market cap of $7.01 billion, a PE ratio of 7.08 and a beta of 0.97. The firm has a 50-day simple moving average of $97.35 and a 200 day simple moving average of $75.63.

Valaris (NYSE:VAL) last announced its quarterly earnings data on Monday, May 4th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.19). The firm had revenue of $465.40 million for the quarter, compared to analysts’ expectations of $443.75 million. Valaris had a net margin of 45.37% and a return on equity of 12.31%. The business’s quarterly revenue was down 25.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.53) EPS. As a group, equities analysts expect that Valaris Limited will post 3.41 EPS for the current year.

Hedge Funds Weigh In On Valaris

Several large investors have recently modified their holdings of VAL. UMB Bank n.a. raised its position in shares of Valaris by 50.5% in the 3rd quarter. UMB Bank n.a. now owns 778 shares of the company’s stock worth $38,000 after purchasing an additional 261 shares during the last quarter. Wexford Capital LP purchased a new position in shares of Valaris in the 3rd quarter worth about $41,000. Signaturefd LLC raised its position in shares of Valaris by 22.1% in 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 increased its holdings in Valaris by 100.0% in the 3rd quarter. Strs Ohio now owns 1,200 shares of the company’s stock worth $59,000 after buying an additional 600 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Valaris by 240.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock worth $78,000 after buying an additional 1,308 shares in the last quarter. Hedge funds and other institutional investors 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.