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

Shares of Valaris Limited (NYSE:VAL) have received an average rating of “Reduce” from the ten analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and nine have assigned a hold recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $63.1875.

Several brokerages have weighed in on VAL. BTIG Research downgraded Valaris from a “buy” rating to a “hold” rating in a research note on Monday, March 9th. Susquehanna increased their price target on Valaris from $96.00 to $98.00 and gave the stock a “neutral” rating in a report on Tuesday, April 7th. Finally, Weiss Ratings downgraded Valaris from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th.

Institutional Trading of Valaris

Several hedge funds have recently made changes to their positions in VAL. Dimensional Fund Advisors LP boosted its holdings in shares of Valaris by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 3,349,443 shares of the company’s stock valued at $328,382,000 after acquiring an additional 114,730 shares in the last quarter. Schf GPE LLC purchased a new position in Valaris during the second quarter worth about $77,675,000. Healthcare of Ontario Pension Plan Trust Fund lifted its position in Valaris by 67.8% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,363,230 shares of the company’s stock valued at $133,651,000 after purchasing an additional 550,987 shares during the period. Goehring & Rozencwajg Associates LLC lifted its position in Valaris by 24.2% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 1,319,351 shares of the company’s stock valued at $129,349,000 after purchasing an additional 257,281 shares during the period. Finally, FIL Ltd lifted its position 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 purchasing an additional 114,967 shares during the period. Institutional investors and hedge funds own 96.74% of the company’s stock.

Valaris Price Performance

Shares of VAL opened at $75.25 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.55 and a current ratio of 1.55. Valaris has a fifty-two week low of $43.53 and a fifty-two week high of $114.12. The firm has a 50-day simple moving average of $90.95 and a 200-day simple moving average of $81.61. The company has a market capitalization of $5.21 billion, a price-to-earnings ratio of 5.27 and a beta of 0.93.

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

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.