Valaris (NYSE:VAL) Upgraded by StockNews.com to “Sell”

StockNews.com upgraded shares of Valaris (NYSE:VAL) to a sell rating in a report published on Friday.

A number of other brokerages also recently weighed in on VAL. Barclays cut their price target on shares of Valaris from $105.00 to $102.00 and set an overweight rating on the stock in a report on Tuesday, March 5th. TheStreet upgraded shares of Valaris from a c rating to a b- rating in a research note on Thursday, February 22nd. Finally, Evercore ISI decreased their price target on shares of Valaris from $107.00 to $105.00 and set an outperform rating for the company in a research note on Friday, February 23rd. One analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to data from MarketBeat, Valaris currently has a consensus rating of Moderate Buy and an average price target of $100.00.

Valaris Price Performance

Shares of NYSE VAL opened at $69.08 on Friday. The company has a market capitalization of $5.00 billion, a PE ratio of 5.91 and a beta of 1.13. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.54. The stock’s 50 day moving average price is $69.78 and its 200-day moving average price is $68.00. Valaris has a twelve month low of $54.13 and a twelve month high of $78.92.

Valaris (NYSE:VAL) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.32. The business had revenue of $483.80 million for the quarter, compared to analyst estimates of $484.00 million. Valaris had a return on equity of 5.71% and a net margin of 48.50%. On average, equities analysts anticipate that Valaris will post 4.75 EPS for the current year.

Hedge Funds Weigh In On Valaris

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VAL. SeaCrest Wealth Management LLC lifted its stake in shares of Valaris by 1.0% during the 1st quarter. SeaCrest Wealth Management LLC now owns 16,124 shares of the company’s stock valued at $1,213,000 after buying an additional 152 shares in the last quarter. Xponance Inc. boosted its holdings in shares of Valaris by 1.9% in the third quarter. Xponance Inc. now owns 9,023 shares of the company’s stock worth $677,000 after acquiring an additional 172 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in shares of Valaris by 2.5% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 6,940 shares of the company’s stock valued at $520,000 after purchasing an additional 172 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in Valaris by 3.4% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 5,731 shares of the company’s stock worth $430,000 after purchasing an additional 186 shares in the last quarter. Finally, Smith Anglin Financial LLC boosted its stake in Valaris by 5.4% in the 1st quarter. Smith Anglin Financial LLC now owns 3,740 shares of the company’s stock worth $281,000 after purchasing an additional 190 shares during the period. Institutional investors own 96.74% of the company’s stock.

Valaris Company Profile

Valaris Limited, together with its subsidiaries, provides offshore contract drilling services Gulf of Mexico, South America, North Sea, the Middle East, Africa, and the Asia Pacific. The company operates through four segments: Floaters, Jackups, ARO, and Other. It owns an offshore drilling rig fleet, which include drillships, dynamically positioned semisubmersible rigs, moored semisubmersible rig, and jackup rigs.