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

Valaris Limited (NYSE:VAL) has been given an average recommendation of “Reduce” by the six brokerages that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $76.33.

Several analysts recently weighed in on VAL shares. Susquehanna increased their target price on Valaris from $86.00 to $91.00 and gave the company a “neutral” rating in a research note on Wednesday, November 4th. Wall Street Zen downgraded Valaris from a “hold” rating to a “sell” rating in a research report on Saturday, October 31st. Finally, Weiss Ratings upgraded Valaris from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 17th.

Valaris Stock Up 2.5%

Valaris stock opened at $80.87 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.64 and a quick ratio of 1.64. Valaris has a fifty-two week low of $48.08 and a fifty-two week high of $114.12. The firm has a fifty day moving average price of $86.04 and a two-hundred day moving average price of $86.81. The firm has a market cap of $5.62 billion, a price-to-earnings ratio of 7.09 and a beta of 1.03.

Valaris (NYSE:VAL) last issued its quarterly earnings results on Monday, November 2nd. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.40). The business had revenue of $593.60 million during the quarter, compared to analyst estimates of $562.70 million. Valaris had a net margin of 37.35% and a return on equity of 4.23%. The company’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.65 earnings per share. As a group, analysts forecast that Valaris will post 3.25 earnings per share for the current year.

Institutional Trading of Valaris

Several hedge funds and other institutional investors have recently bought and sold shares of VAL. Edmond DE Rothschild Holding S.A. increased its holdings in shares of Valaris by 3.1% during the 3rd quarter. Edmond DE Rothschild Holding S.A. now owns 335,000 shares of the company’s stock worth $26,304,000 after purchasing an additional 10,000 shares during the period. Public Sector Pension Investment Board lifted its stake in shares of Valaris by 19.1% in the third quarter. Public Sector Pension Investment Board now owns 141,421 shares of the company’s stock valued at $12,176,000 after buying an additional 22,681 shares during the period. NINE MASTS CAPITAL Ltd grew its position in Valaris by 189.2% during the third quarter. NINE MASTS CAPITAL Ltd now owns 77,659 shares of the company’s stock worth $6,098,000 after buying an additional 50,805 shares in the last quarter. Hantz Financial Services Inc. grew its position in Valaris by 11.1% during the third quarter. Hantz Financial Services Inc. now owns 4,989 shares of the company’s stock worth $392,000 after buying an additional 497 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in Valaris by 2.5% during the third quarter. Russell Investments Group Ltd. now owns 61,837 shares of the company’s stock worth $4,855,000 after buying an additional 1,484 shares in the last quarter. 96.74% of the stock is currently owned by institutional investors and hedge funds.

About Valaris

Valaris Limited is an offshore drilling contractor that provides drilling services to the global oil and natural gas industry. The company contracts with energy companies to drill wells and support offshore exploration and development projects. Its fleet includes drillships, semisubmersible rigs and jackup rigs, which are suited to different water depths and operating conditions. Valaris also provides related services and personnel to support drilling operations. The company operates in offshore markets around the world.