Valaris Limited (NYSE:VAL) Receives Consensus Rating of “Reduce” from Analysts

Valaris Limited (NYSE:VAL) has received a consensus recommendation of “Reduce” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and eight have given a hold recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $60.3125.

A number of equities analysts recently commented on the company. Susquehanna lowered their target price on Valaris from $98.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday, July 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Valaris in a research report on Monday.

Institutional Trading of Valaris

Several hedge funds have recently added to or reduced their stakes in the company. WINTON GROUP Ltd raised its position in shares of Valaris by 0.5% during the 4th quarter. WINTON GROUP Ltd now owns 27,510 shares of the company’s stock worth $1,387,000 after purchasing an additional 146 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Valaris by 0.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 31,465 shares of the company’s stock valued at $3,085,000 after buying an additional 169 shares during the last quarter. State of Michigan Retirement System grew its holdings in Valaris by 1.3% during the 1st quarter. State of Michigan Retirement System now owns 15,500 shares of the company’s stock valued at $1,520,000 after buying an additional 200 shares during the last quarter. Signaturefd LLC increased its position in Valaris by 22.1% during the fourth quarter. Signaturefd LLC now owns 1,133 shares of the company’s stock worth $57,000 after buying an additional 205 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in shares of Valaris by 1.4% in the third quarter. Quadrant Capital Group LLC now owns 15,301 shares of the company’s stock worth $746,000 after acquiring an additional 214 shares during the last quarter. Institutional investors and hedge funds own 96.74% of the company’s stock.

Valaris Stock Down 1.6%

Shares of NYSE:VAL opened at $76.86 on Thursday. Valaris has a 52-week low of $43.53 and a 52-week high of $114.12. 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 business has a fifty day moving average of $80.66 and a two-hundred day moving average of $85.99. The stock has a market cap of $5.32 billion, a P/E ratio of 5.38 and a beta of 0.94.

Valaris (NYSE:VAL) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.41. Valaris had a net margin of 45.37% and a return on equity of 12.31%. The business had revenue of $539.20 million during the quarter, compared to analysts’ expectations of $488.52 million. During the same quarter in the prior year, the company posted $1.61 EPS. The business’s revenue for the quarter was down 12.4% on a year-over-year basis. On average, research analysts expect that Valaris will post 3.18 earnings per share 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.