Brokerages Set Valaris Limited (NYSE:VAL) Target Price at $53.56

Valaris Limited (NYSE:VAL) has received an average rating of “Hold” from the ten ratings firms that are covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $53.5625.

A number of brokerages recently weighed in on VAL. Weiss Ratings reiterated a “hold (c)” rating on shares of Valaris in a research report on Wednesday, October 8th. Citigroup lowered their target price on shares of Valaris from $62.00 to $58.00 and set a “neutral” rating for the company in a research note on Monday, December 22nd. Zacks Research raised shares of Valaris from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Susquehanna upped their price objective on shares of Valaris from $49.00 to $51.00 and gave the company a “neutral” rating in a research report on Tuesday, October 14th. Finally, Barclays raised their price objective on Valaris from $43.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 5th.

Valaris Stock Down 0.0%

NYSE:VAL opened at $54.68 on Friday. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.44. Valaris has a 12-month low of $27.15 and a 12-month high of $61.70. The stock’s fifty day simple moving average is $54.16 and its 200-day simple moving average is $51.25. The firm has a market capitalization of $3.80 billion, a P/E ratio of 9.75 and a beta of 1.17.

Valaris (NYSE:VAL) last released its earnings results on Wednesday, October 29th. The company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $1.00 by $1.65. Valaris had a return on equity of 17.27% and a net margin of 16.51%.The firm had revenue of $595.70 million for the quarter, compared to analyst estimates of $568.41 million. The company’s revenue was down 7.4% compared to the same quarter last year. Equities research analysts expect that Valaris will post 3.96 earnings per share for the current year.

Hedge Funds Weigh In On Valaris

Several institutional investors and hedge funds have recently modified their holdings of the business. Schf GPE LLC acquired a new stake in Valaris during the 2nd quarter worth approximately $77,675,000. American Century Companies Inc. boosted its holdings in shares of Valaris by 87.1% in the third quarter. American Century Companies Inc. now owns 1,274,038 shares of the company’s stock valued at $62,135,000 after buying an additional 592,971 shares during the period. ANTIPODES PARTNERS Ltd increased its position in shares of Valaris by 8,034.0% during the third quarter. ANTIPODES PARTNERS Ltd now owns 580,198 shares of the company’s stock worth $28,298,000 after acquiring an additional 573,065 shares in the last quarter. Goehring & Rozencwajg Associates LLC raised its holdings in shares of Valaris by 108.9% during the third quarter. Goehring & Rozencwajg Associates LLC now owns 902,440 shares of the company’s stock worth $44,012,000 after acquiring an additional 470,419 shares during the period. Finally, Dalal Street LLC raised its holdings in shares of Valaris by 32.0% during the second quarter. Dalal Street LLC now owns 1,883,777 shares of the company’s stock worth $79,326,000 after acquiring an additional 456,213 shares during the period. 96.74% of the stock is currently owned by institutional investors and hedge funds.

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.