Valaris Limited (NYSE:VAL) Given Average Recommendation of “Hold” by Analysts

Shares of Valaris Limited (NYSE:VAL) have earned a consensus rating of “Hold” from the ten analysts that are covering the company, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $53.5625.

VAL has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Valaris in a research note on Wednesday, January 21st. Citigroup decreased their price objective on Valaris from $62.00 to $58.00 and set a “neutral” rating on the stock in a research note on Monday, December 22nd. Zacks Research downgraded shares of Valaris from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. BTIG Research upped their target price on shares of Valaris from $55.00 to $65.00 and gave the company a “buy” rating in a report on Friday, October 31st. Finally, Barclays lifted their price target on shares of Valaris from $43.00 to $50.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 5th.

Institutional Investors Weigh In On Valaris

Several hedge funds have recently made changes to their positions in VAL. Blume Capital Management Inc. increased its stake in Valaris by 56.5% in the second quarter. Blume Capital Management Inc. now owns 665 shares of the company’s stock valued at $28,000 after purchasing an additional 240 shares during the last quarter. UMB Bank n.a. grew its holdings in Valaris by 50.5% in the 3rd quarter. UMB Bank n.a. now owns 778 shares of the company’s stock valued at $38,000 after buying an additional 261 shares during the period. Wexford Capital LP acquired a new position in shares of Valaris during the 3rd quarter valued at about $41,000. Hantz Financial Services Inc. lifted its holdings in shares of Valaris by 13,400.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,215 shares of the company’s stock worth $51,000 after acquiring an additional 1,206 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Valaris in the second quarter worth approximately $56,000. Institutional investors and hedge funds own 96.74% of the company’s stock.

Valaris Stock Performance

NYSE:VAL opened at $62.13 on Thursday. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $4.32 billion, a P/E ratio of 11.07 and a beta of 1.18. The firm has a 50-day moving average price of $54.42 and a two-hundred day moving average price of $52.24. Valaris has a twelve month low of $27.15 and a twelve month high of $62.23.

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.