Valaris (NYSE:VAL) Sets New 12-Month High – Should You Buy?

Valaris Limited (NYSE:VAL)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $102.20 and last traded at $99.6290, with a volume of 275317 shares trading hands. The stock had previously closed at $95.75.

Analysts Set New Price Targets

Several research analysts have recently issued reports on VAL shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Valaris in a research report on Wednesday, January 21st. BTIG Research upped their price target on Valaris from $55.00 to $65.00 and gave the company a “buy” rating in a report on Friday, October 31st. Pareto Securities cut shares of Valaris from a “hold” rating to a “sell” rating and set a $80.00 price objective on the stock. in a report on Monday. Barclays boosted their price objective on shares of Valaris from $43.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 5th. Finally, Citigroup dropped 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. One analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $56.50.

Valaris Stock Performance

The company has a current ratio of 1.77, a quick ratio of 1.87 and a debt-to-equity ratio of 0.34. The stock has a market cap of $6.58 billion, a price-to-earnings ratio of 6.76 and a beta of 1.18. The stock’s 50 day moving average is $60.96 and its two-hundred day moving average is $55.34.

Hedge Funds Weigh In On Valaris

Several institutional investors have recently added to or reduced their stakes in VAL. UMB Bank n.a. increased its holdings in shares of Valaris by 50.5% in the third quarter. UMB Bank n.a. now owns 778 shares of the company’s stock valued at $38,000 after purchasing an additional 261 shares during the period. Wexford Capital LP purchased a new position in Valaris in the 3rd quarter valued at $41,000. Signaturefd LLC increased its stake in Valaris by 22.1% in the 4th quarter. Signaturefd LLC now owns 1,133 shares of the company’s stock valued at $57,000 after buying an additional 205 shares during the period. Strs Ohio raised its position in Valaris by 100.0% during the 3rd quarter. Strs Ohio now owns 1,200 shares of the company’s stock worth $59,000 after buying an additional 600 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in shares of Valaris by 13,400.0% in 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. Institutional investors and hedge funds 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.