Valaris Limited (NYSE:VAL) Receives $63.19 Consensus PT from Analysts

Shares of Valaris Limited (NYSE:VAL) have been assigned a consensus rating of “Reduce” from the ten ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and nine have assigned a hold recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $63.1875.

A number of research firms have issued reports on VAL. Pareto Securities downgraded shares of Valaris from a “hold” rating to a “sell” rating and set a $80.00 price objective for the company. in a report on Monday, February 23rd. Zacks Research downgraded shares of Valaris from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. BTIG Research downgraded shares of Valaris from a “buy” rating to a “hold” rating in a report on Monday, March 9th. Weiss Ratings downgraded shares of Valaris from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Finally, Susquehanna upped their price target on shares of Valaris from $96.00 to $98.00 and gave the stock a “neutral” rating in a report on Tuesday, April 7th.

Valaris Stock Performance

NYSE VAL opened at $113.31 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $7.85 billion, a P/E ratio of 7.94 and a beta of 0.97. Valaris has a 12-month low of $35.20 and a 12-month high of $114.12. The firm has a 50-day moving average price of $96.14 and a two-hundred day moving average price of $74.38.

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

Institutional Investors Weigh In On Valaris

A number of large investors have recently modified their holdings of the business. Janus Henderson Group PLC boosted its holdings in shares of Valaris by 103.4% in the 1st quarter. Janus Henderson Group PLC now owns 55,868 shares of the company’s stock valued at $5,481,000 after purchasing an additional 28,400 shares in the last quarter. Amundi acquired a new stake in shares of Valaris in the 1st quarter valued at $787,000. California State Teachers Retirement System boosted its holdings in shares of Valaris by 23.1% in the 1st quarter. California State Teachers Retirement System now owns 74,181 shares of the company’s stock valued at $7,273,000 after purchasing an additional 13,897 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in shares of Valaris by 7.1% in the 1st quarter. Quantinno Capital Management LP now owns 13,589 shares of the company’s stock valued at $1,332,000 after purchasing an additional 901 shares in the last quarter. Finally, Whitebox Advisors LLC acquired a new stake in shares of Valaris in the 1st quarter valued at $57,249,000. Institutional investors and hedge funds 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.