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

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.com reports. One analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $63.1875.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Wexford Capital LP purchased a new position in Valaris during the 3rd quarter valued at about $41,000. Parallel Advisors LLC lifted its position in Valaris by 33.5% during the 1st quarter. Parallel Advisors LLC now owns 1,065 shares of the company’s stock valued at $104,000 after acquiring an additional 267 shares during the period. Longview Financial Advisors Inc. purchased a new position in Valaris during the 1st quarter valued at about $105,000. Signaturefd LLC lifted its position 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. Finally, EverSource Wealth Advisors LLC lifted its position 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. 96.74% of the stock is owned by hedge funds and other institutional investors.

Valaris Trading Up 0.3%

NYSE:VAL opened at $90.02 on Wednesday. The company has a 50-day moving average price of $96.06 and a 200-day moving average price of $79.47. 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 cap of $6.23 billion, a price-to-earnings ratio of 6.30 and a beta of 0.91.

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