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

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

Several equities research analysts have recently issued reports on VAL shares. Susquehanna lowered their target price on shares of Valaris from $98.00 to $75.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 8th. Weiss Ratings lowered shares of Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th.

Valaris Price Performance

VAL opened at $74.12 on Thursday. The business’s fifty day simple moving average is $82.77 and its 200-day simple moving average is $85.16. 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 company has a market capitalization of $5.13 billion, a price-to-earnings ratio of 5.19 and a beta of 0.93. Valaris has a 12-month low of $43.53 and a 12-month high of $114.12.

Valaris (NYSE:VAL) last posted its quarterly earnings data on Monday, May 4th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.19). The business had revenue of $465.40 million during the quarter, compared to analyst estimates of $443.75 million. Valaris had a return on equity of 12.31% and a net margin of 45.37%.The firm’s revenue for the quarter was down 25.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.53) EPS. On average, equities research analysts anticipate that Valaris will post 3.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in VAL. WINTON GROUP Ltd boosted its holdings in Valaris by 0.5% in the fourth quarter. WINTON GROUP Ltd now owns 27,510 shares of the company’s stock valued at $1,387,000 after purchasing an additional 146 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Valaris by 0.5% in the first quarter. PNC Financial Services Group Inc. now owns 31,465 shares of the company’s stock valued at $3,085,000 after purchasing an additional 169 shares during the period. State of Michigan Retirement System raised its stake 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 acquiring an additional 200 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Valaris by 22.1% during the fourth quarter. Signaturefd LLC now owns 1,133 shares of the company’s stock worth $57,000 after purchasing an additional 205 shares during the period. Finally, Quadrant Capital Group LLC lifted its stake in shares of Valaris by 1.4% in the 3rd 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 period. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Valaris Company Profile

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.