Valaris Limited (NYSE:VAL) Given Consensus Rating of “Reduce” by Analysts

Shares of Valaris Limited (NYSE:VAL) have been given a consensus rating of “Reduce” by the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and nine have issued a hold rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $60.3125.

Several brokerages recently weighed in on VAL. Weiss Ratings downgraded shares of Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Susquehanna lowered their price objective on Valaris from $98.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wexford Capital LP purchased a new stake in shares of Valaris during the third quarter valued at $41,000. Harbor Investment Advisory LLC purchased a new position in Valaris in the 2nd quarter worth about $46,000. Signaturefd LLC lifted its stake in Valaris by 22.1% during 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 during the period. EverSource Wealth Advisors LLC lifted its stake in Valaris by 240.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock valued at $78,000 after acquiring an additional 1,308 shares during the period. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Valaris during the 4th quarter valued at about $99,000. 96.74% of the stock is owned by institutional investors.

Valaris Stock Up 1.6%

VAL stock traded up $1.21 during trading on Friday, hitting $77.54. 414,162 shares of the stock traded hands, compared to its average volume of 953,187. The stock has a market cap of $5.37 billion, a price-to-earnings ratio of 5.43 and a beta of 0.93. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.55 and a quick ratio of 1.55. Valaris has a 1 year low of $43.53 and a 1 year high of $114.12. The firm’s 50 day moving average is $88.84 and its two-hundred day moving average is $82.50.

Valaris (NYSE:VAL) last issued its 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). The firm had revenue of $465.40 million during the quarter, compared to analysts’ expectations of $443.75 million. Valaris had a return on equity of 12.31% and a net margin of 45.37%.The firm’s quarterly revenue was down 25.0% on a year-over-year basis. During the same period last year, the firm posted ($0.53) earnings per share. On average, sell-side analysts anticipate that Valaris will post 3.18 EPS for the current year.

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.