Valaris Limited (VAL) – What Are Researchers Thinking About This Stock?

Valaris Limited (NYSE:VAL) has been assigned an average rating of “Reduce” from the seven brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $67.80.

A number of equities research analysts recently commented on the company. Wall Street Zen upgraded Valaris to a “hold” rating in a research report on Saturday. Weiss Ratings raised shares of Valaris from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 17th. Finally, Susquehanna lifted their price objective on shares of Valaris from $80.00 to $86.00 and gave the company a “neutral” rating in a research note on Monday, October 5th.

Institutional Investors Weigh In On Valaris

Hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio purchased a new position in shares of Valaris during the 2nd quarter valued at about $42,000. Harbor Investment Advisory LLC acquired a new position in shares of Valaris in the 2nd quarter valued at about $46,000. V Square Quantitative Management LLC boosted its stake in shares of Valaris by 59.6% in the third quarter. V Square Quantitative Management LLC now owns 838 shares of the company’s stock worth $66,000 after buying an additional 313 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Valaris by 33.5% in the first quarter. Parallel Advisors LLC now owns 1,065 shares of the company’s stock worth $104,000 after buying an additional 267 shares during the last quarter. Finally, Longview Financial Advisors Inc. purchased a new stake in shares of Valaris in the first quarter worth about $105,000. 96.74% of the stock is owned by hedge funds and other institutional investors.

Valaris Stock Performance

Shares of VAL stock opened at $89.54 on Tuesday. The firm has a market capitalization of $6.22 billion, a price-to-earnings ratio of 6.69 and a beta of 1.04. 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 business has a fifty day moving average of $84.64 and a 200 day moving average of $86.71. Valaris has a 1 year low of $48.08 and a 1 year high of $114.12.

Valaris (NYSE:VAL) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.41. The company had revenue of $539.20 million during the quarter, compared to analysts’ expectations of $488.52 million. Valaris had a return on equity of 9.25% and a net margin of 43.95%. The firm’s revenue was down 12.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.61 EPS. As a group, research analysts expect that Valaris will post 3.25 earnings per share for the current year.

About Valaris

Valaris plc is an offshore contract drilling company that provides drilling services to oil and gas operators worldwide. The company works with customers to support offshore exploration, appraisal and development programs in shallow-water and deepwater environments.

Valaris operates a fleet that includes drillships, semisubmersible rigs and jackup rigs. Its services include mobile offshore drilling, well construction support and related rig-management and operational services. The company’s fleet is designed to serve a range of offshore projects, from conventional shelf developments to technically demanding deepwater wells.

With operations spanning major offshore energy regions, Valaris has served customers in areas including the Gulf of Mexico, the North Sea, Brazil, West Africa, the Middle East and the Asia-Pacific region.