Valaris Limited (NYSE:VAL) Receives $54.06 Average Price Target from Analysts

Shares of Valaris Limited (NYSE:VAL) have been assigned an average rating of “Hold” from the ten ratings firms that are currently covering the stock, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $54.0625.

Several equities analysts have recently issued reports on the company. BTIG Research lifted their price target on Valaris from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Clarkson Capital cut shares of Valaris from a “buy” rating to a “neutral” rating and set a $54.00 price target on the stock. in a research report on Tuesday, September 2nd. Citigroup boosted their target price on shares of Valaris from $55.00 to $62.00 and gave the stock a “neutral” rating in a report on Friday, November 14th. Barclays upped their price target on Valaris from $43.00 to $50.00 and gave the company an “equal weight” rating in a report on Wednesday, November 5th. Finally, Capital One Financial set a $55.00 target price on Valaris in a report on Monday, September 15th.

Valaris Stock Up 0.9%

Valaris stock opened at $49.48 on Wednesday. Valaris has a 52 week low of $27.15 and a 52 week high of $61.70. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of 8.82 and a beta of 1.16. The company’s 50-day moving average price is $54.68 and its two-hundred day moving average price is $50.20. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.44.

Valaris (NYSE:VAL) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $1.65. Valaris had a net margin of 16.51% and a return on equity of 17.27%. The company had revenue of $595.70 million during the quarter, compared to analyst estimates of $568.41 million. Valaris’s quarterly revenue was down 7.4% on a year-over-year basis. On average, analysts expect that Valaris will post 3.96 EPS for the current fiscal year.

Institutional Investors Weigh In On Valaris

Several hedge funds have recently made changes to their positions in VAL. Blume Capital Management Inc. boosted its stake in Valaris by 56.5% in the 2nd quarter. Blume Capital Management Inc. now owns 665 shares of the company’s stock worth $28,000 after purchasing an additional 240 shares during the period. Fifth Third Bancorp grew its holdings in shares of Valaris by 77.9% during the second quarter. Fifth Third Bancorp now owns 822 shares of the company’s stock valued at $35,000 after buying an additional 360 shares in the last quarter. UMB Bank n.a. raised its position in Valaris by 50.5% during the third quarter. UMB Bank n.a. now owns 778 shares of the company’s stock valued at $38,000 after buying an additional 261 shares during the period. Signaturefd LLC lifted its stake in Valaris by 45.4% in the 2nd quarter. Signaturefd LLC now owns 916 shares of the company’s stock worth $39,000 after acquiring an additional 286 shares in the last quarter. Finally, Wexford Capital LP acquired a new stake in Valaris during the 3rd quarter worth about $41,000. Hedge funds and other 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.