Valaris Limited (NYSE:VAL) Receives $63.19 Consensus Target Price from Brokerages

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

VAL has been the topic of several recent research reports. BTIG Research lowered shares of Valaris from a “buy” rating to a “hold” rating in a report on Monday, March 9th. Weiss Ratings lowered shares of Valaris from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Zacks Research lowered shares of Valaris from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Susquehanna increased their target price on shares of Valaris from $96.00 to $98.00 and gave the company a “neutral” rating in a report on Tuesday, April 7th. Finally, 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 report on Monday, February 23rd.

Valaris Price Performance

VAL stock opened at $101.16 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 52 week low of $35.20 and a 52 week high of $114.12. The firm’s fifty day moving average is $97.35 and its 200 day moving average is $75.63. The firm has a market cap of $7.01 billion, a P/E ratio of 7.08 and a beta of 0.97.

Valaris (NYSE:VAL) last released its earnings results on Monday, May 4th. The company reported ($0.24) 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 business had revenue of $465.40 million for the quarter, compared to the consensus estimate of $443.75 million. During the same period in the prior year, the business posted ($0.53) EPS. Valaris’s revenue for the quarter was down 25.0% on a year-over-year basis. Research analysts predict that Valaris will post 3.41 earnings per share for the current year.

Institutional Investors Weigh In On Valaris

A number of large investors have recently added to or reduced their stakes in VAL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Valaris by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,689 shares of the company’s stock worth $1,440,000 after acquiring an additional 1,605 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Valaris by 3.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,662 shares of the company’s stock worth $5,797,000 after acquiring an additional 4,263 shares during the last quarter. Prudential Financial Inc. grew its holdings in Valaris by 4.1% in the 2nd quarter. Prudential Financial Inc. now owns 5,885 shares of the company’s stock worth $248,000 after acquiring an additional 230 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Valaris by 17.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 13,539 shares of the company’s stock worth $570,000 after acquiring an additional 1,996 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in Valaris in the 2nd quarter worth $249,000. Institutional investors 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.