Susquehanna Boosts Valaris (NYSE:VAL) Price Target to $98.00

Valaris (NYSE:VAL) had its target price boosted by equities researchers at Susquehanna from $96.00 to $98.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Susquehanna’s target price indicates a potential downside of 1.87% from the stock’s current price.

A number of other brokerages have also weighed in on VAL. Zacks Research lowered Valaris from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. BTIG Research lowered Valaris from a “buy” rating to a “hold” rating in a research note on Monday, March 9th. Pareto Securities lowered shares of Valaris from a “hold” rating to a “sell” rating and set a $80.00 target price on the stock. in a research report on Monday, February 23rd. Citigroup reduced their target price on shares of Valaris from $62.00 to $58.00 and set a “neutral” rating on the stock in a research report on Monday, December 22nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Valaris in a research report on Wednesday, January 21st. Ten 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 currently has an average rating of “Reduce” and a consensus target price of $61.72.

Valaris Stock Up 0.2%

Shares of VAL opened at $99.87 on Tuesday. Valaris has a one year low of $27.15 and a one year high of $105.35. The company has a market capitalization of $6.91 billion, a P/E ratio of 7.14 and a beta of 1.04. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.77 and a quick ratio of 1.77. The business’s 50 day simple moving average is $89.22 and its 200-day simple moving average is $65.95.

Institutional Trading of Valaris

A number of institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in Valaris by 6.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,234,713 shares of the company’s stock worth $163,031,000 after acquiring an additional 206,305 shares during the period. Schf GPE LLC acquired a new position in Valaris in the second quarter valued at about $77,675,000. American Century Companies Inc. lifted its stake in Valaris by 87.1% in the third quarter. American Century Companies Inc. now owns 1,274,038 shares of the company’s stock valued at $62,135,000 after buying an additional 592,971 shares during the period. FIL Ltd lifted its stake in Valaris by 10.4% in the fourth quarter. FIL Ltd now owns 1,220,279 shares of the company’s stock valued at $61,502,000 after buying an additional 114,967 shares during the period. Finally, Goehring & Rozencwajg Associates LLC lifted its stake in Valaris by 17.7% in the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 1,062,070 shares of the company’s stock valued at $53,528,000 after buying an additional 159,630 shares during the period. Institutional investors and hedge funds 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.