Valaris (NYSE:VAL) Cut to “Sell” at Pareto Securities

Pareto Securities downgraded shares of Valaris (NYSE:VAL) from a hold rating to a sell rating in a report issued on Monday, MarketBeat Ratings reports. They currently have $80.00 price target on the stock.

Several other equities analysts have also recently weighed in on VAL. Barclays lifted their price objective on Valaris from $43.00 to $50.00 and gave the company an “equal weight” rating in a report on Wednesday, November 5th. 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 report on Monday, December 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Valaris in a report on Wednesday, January 21st. Zacks Research downgraded shares of Valaris from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Finally, BTIG Research boosted their price objective on shares of Valaris from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, October 31st. One investment analyst has rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $56.50.

Valaris Stock Performance

Shares of Valaris stock opened at $94.19 on Monday. The stock’s fifty day simple moving average is $63.55 and its 200 day simple moving average is $56.28. 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 company has a market capitalization of $6.52 billion, a PE ratio of 6.73 and a beta of 1.18. Valaris has a 12 month low of $27.15 and a 12 month high of $102.19.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in VAL. Virtu Financial LLC acquired a new stake in Valaris in the 4th quarter valued at $580,000. Invesco Ltd. increased its position in shares of Valaris by 7.6% in the fourth quarter. Invesco Ltd. now owns 510,426 shares of the company’s stock valued at $25,725,000 after acquiring an additional 36,001 shares during the last quarter. Corient Private Wealth LLC increased its position in shares of Valaris by 82.9% in the fourth quarter. Corient Private Wealth LLC now owns 14,235 shares of the company’s stock valued at $708,000 after acquiring an additional 6,450 shares during the last quarter. Mackenzie Financial Corp bought a new stake in Valaris during the fourth quarter worth about $202,000. Finally, Empowered Funds LLC acquired a new position in Valaris during the fourth quarter valued at approximately $1,324,000. Institutional investors 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.