Valaris Limited (NYSE:VAL) Receives Consensus Rating of “Reduce” from Brokerages

Valaris Limited (NYSE:VAL) has been given a consensus recommendation of “Reduce” by the ten analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and nine have issued a hold recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $63.1875.

VAL has been the subject of a number of research analyst reports. Susquehanna lifted their price objective on shares of Valaris from $96.00 to $98.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 7th. Pareto Securities cut shares of Valaris from a “hold” rating to a “sell” rating and set a $80.00 target price for the company. in a research note on Monday, February 23rd. BTIG Research downgraded shares of Valaris from a “buy” rating to a “hold” rating in a report on Monday, March 9th. Finally, Weiss Ratings lowered shares of Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th.

Valaris Stock Performance

VAL opened at $87.40 on Wednesday. Valaris has a 12-month low of $41.03 and a 12-month high of $114.12. The stock has a market cap of $6.05 billion, a price-to-earnings ratio of 6.12 and a beta of 0.91. The business has a 50 day moving average of $96.54 and a 200-day moving average of $78.89. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.34.

Valaris (NYSE:VAL) last posted its earnings results on Monday, May 4th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.19). Valaris had a return on equity of 12.31% and a net margin of 45.37%.The business had revenue of $465.40 million for the quarter, compared to analyst estimates of $443.75 million. During the same period in the previous year, the firm posted ($0.53) earnings per share. The firm’s revenue was down 25.0% compared to the same quarter last year. On average, equities research analysts expect that Valaris will post 3.18 earnings per share for the current year.

Institutional Investors Weigh In On Valaris

Institutional investors have recently made changes to their positions in the company. Schf GPE LLC acquired a new stake in Valaris during the 2nd quarter worth approximately $77,675,000. American Century Companies Inc. grew its holdings in 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 buying an additional 592,971 shares in the last quarter. Whitebox Advisors LLC bought a new position in Valaris during the 1st quarter worth $57,249,000. ANTIPODES PARTNERS Ltd increased its position in 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 buying an additional 573,065 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Valaris by 67.8% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,363,230 shares of the company’s stock worth $133,651,000 after buying an additional 550,987 shares in the last quarter. 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.