Valaris (NYSE:VAL) Releases Earnings Results, Misses Estimates By $0.19 EPS

Valaris (NYSE:VAL) released its quarterly earnings data on Monday. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.19), FiscalAI reports. Valaris had a net margin of 41.49% and a return on equity of 12.62%. The business had revenue of $465.40 million for the quarter, compared to the consensus estimate of $441.08 million.

Valaris Stock Up 0.1%

NYSE:VAL traded up $0.11 during midday trading on Monday, reaching $102.34. 592,737 shares of the stock traded hands, compared to its average volume of 1,434,862. Valaris has a 12-month low of $35.20 and a 12-month high of $105.35. The business has a 50-day moving average of $95.14 and a two-hundred day moving average of $71.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.77 and a current ratio of 1.77. The stock has a market capitalization of $7.09 billion, a PE ratio of 7.32 and a beta of 0.97.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on VAL shares. Susquehanna increased their price objective on shares of Valaris from $96.00 to $98.00 and gave the company a “neutral” rating in a research note on Tuesday, April 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Valaris in a research report on Wednesday, January 21st. BTIG Research cut shares of Valaris from a “buy” rating to a “hold” rating in a research report on Monday, March 9th. Zacks Research cut shares of Valaris from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Finally, 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. Nine equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Valaris presently has an average rating of “Reduce” and a consensus price target of $63.19.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wexford Capital LP purchased a new position in shares of Valaris in the third quarter worth $41,000. EverSource Wealth Advisors LLC raised its holdings in shares of Valaris by 240.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock worth $78,000 after buying an additional 1,308 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Valaris in the fourth quarter worth $99,000. Mackenzie Financial Corp purchased a new position in shares of Valaris in the fourth quarter worth $202,000. Finally, Stifel Financial Corp purchased a new position in shares of Valaris in the fourth quarter worth $206,000. Hedge funds and other 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.