Analysts Set Valaris Limited (NYSE:VAL) Price Target at $63.19

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

A number of research analysts have recently commented on the company. BTIG Research cut Valaris from a “buy” rating to a “hold” rating in a research note on Monday, March 9th. Weiss Ratings lowered Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Pareto Securities cut Valaris from a “hold” rating to a “sell” rating and set a $80.00 target price for the company. in a report on Monday, February 23rd. Finally, Susquehanna increased their target price on Valaris from $96.00 to $98.00 and gave the company a “neutral” rating in a research report on Tuesday, April 7th.

Valaris Stock Down 4.5%

VAL stock opened at $82.80 on Wednesday. The firm has a 50-day moving average price of $95.53 and a 200-day moving average price of $80.04. Valaris has a 12 month low of $41.03 and a 12 month high of $114.12. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $5.73 billion, a P/E ratio of 5.80 and a beta of 0.91.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Wexford Capital LP acquired a new position in Valaris in the 3rd quarter valued at approximately $41,000. Signaturefd LLC increased its stake in shares of Valaris by 22.1% in the 4th quarter. Signaturefd LLC now owns 1,133 shares of the company’s stock valued at $57,000 after acquiring an additional 205 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Valaris by 240.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock valued at $78,000 after purchasing an additional 1,308 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in Valaris during the 4th quarter worth approximately $99,000. Finally, Parallel Advisors LLC raised its position in shares of Valaris by 33.5% during the first quarter. Parallel Advisors LLC now owns 1,065 shares of the company’s stock worth $104,000 after purchasing an additional 267 shares during the period. Institutional investors own 96.74% of the company’s stock.

About Valaris

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.