Valaris Limited (NYSE:VAL) Given Consensus Rating of “Hold” by Brokerages

Valaris Limited (NYSE:VAL) has been assigned a consensus rating of “Hold” from the eleven research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $52.50.

VAL has been the subject of several recent research reports. Zacks Research upgraded shares of Valaris from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. SEB Equity Research set a $45.50 price objective on Valaris in a research note on Monday, September 1st. Capital One Financial set a $55.00 price objective on Valaris in a research report on Monday, September 15th. Clarkson Capital lowered Valaris from a “buy” rating to a “neutral” rating and set a $54.00 target price on the stock. in a report on Tuesday, September 2nd. Finally, Barclays upped their price target on Valaris from $43.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 5th.

Institutional Trading of Valaris

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bluefin Capital Management LLC acquired a new stake in shares of Valaris in the 1st quarter valued at approximately $232,000. GAMMA Investing LLC raised its position in Valaris by 75.8% in the second quarter. GAMMA Investing LLC now owns 2,379 shares of the company’s stock worth $100,000 after acquiring an additional 1,026 shares in the last quarter. Dalal Street LLC acquired a new stake in Valaris in the first quarter valued at $56,046,000. LPL Financial LLC boosted its position in shares of Valaris by 76.5% during the 1st quarter. LPL Financial LLC now owns 37,629 shares of the company’s stock worth $1,477,000 after purchasing an additional 16,307 shares in the last quarter. Finally, Entropy Technologies LP purchased a new stake in shares of Valaris during the 1st quarter worth $438,000. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Valaris Stock Performance

Shares of VAL traded up $0.47 during mid-day trading on Friday, reaching $56.41. 442,204 shares of the company’s stock were exchanged, compared to its average volume of 846,689. The business’s fifty day simple moving average is $53.13 and its 200-day simple moving average is $48.35. The stock has a market capitalization of $3.93 billion, a PE ratio of 10.06 and a beta of 1.16. Valaris has a 52-week low of $27.15 and a 52-week high of $58.85. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.87 and a quick ratio of 1.87.

Valaris (NYSE:VAL) last released its quarterly earnings results on Wednesday, October 29th. The company reported $2.65 EPS for the quarter, beating the consensus estimate of $1.00 by $1.65. Valaris had a net margin of 16.51% and a return on equity of 17.27%. The firm had revenue of $595.70 million during the quarter, compared to the consensus estimate of $568.41 million. The business’s revenue for the quarter was down 7.4% on a year-over-year basis. On average, equities research analysts expect that Valaris will post 3.96 earnings per share for the current year.

About Valaris

Valaris Limited, together with its subsidiaries, provides offshore contract drilling services Gulf of Mexico, South America, North Sea, the Middle East, Africa, and the Asia Pacific. The company operates through four segments: Floaters, Jackups, ARO, and Other. It owns an offshore drilling rig fleet, which include drillships, dynamically positioned semisubmersible rigs, moored semisubmersible rig, and jackup rigs.