Valaris Limited (NYSE:VAL) Stock Has Consensus Target Price of $76.33 According to Brokerages

Valaris Limited (NYSE:VAL) has been given a consensus recommendation of “Reduce” by the six research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $76.33.

VAL has been the topic of several recent research reports. Wall Street Zen lowered Valaris from a “hold” rating to a “sell” rating in a report on Saturday, October 31st. Weiss Ratings raised shares of Valaris from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 17th. Finally, Susquehanna boosted their price objective on shares of Valaris from $86.00 to $91.00 and gave the company a “neutral” rating in a research report on Wednesday, November 4th.

Valaris Trading Down 1.5%

Shares of NYSE VAL opened at $78.57 on Friday. Valaris has a 1-year low of $48.08 and a 1-year high of $114.12. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.64 and a quick ratio of 1.55. The business’s 50 day moving average is $86.33 and its two-hundred day moving average is $86.55. The stock has a market capitalization of $5.46 billion, a P/E ratio of 6.89 and a beta of 1.03.

Valaris (NYSE:VAL) last posted its quarterly earnings data on Monday, November 2nd. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.40). The company had revenue of $593.60 million during the quarter, compared to the consensus estimate of $562.70 million. Valaris had a net margin of 37.35% and a return on equity of 4.23%. Valaris’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the business earned $2.65 earnings per share. As a group, research analysts expect that Valaris will post 3.25 EPS for the current year.

Institutional Investors Weigh In On Valaris

Several institutional investors have recently made changes to their positions in the company. DV Trading LLC lifted its holdings in shares of Valaris by 5,533.3% in the 1st quarter. DV Trading LLC now owns 16,900 shares of the company’s stock worth $1,657,000 after buying an additional 16,600 shares during the period. Quantitative Investment Management LLC bought a new position in shares of Valaris during the 2nd quarter worth $871,000. Whitebox Advisors LLC bought a new position in shares of Valaris during the 1st quarter worth $57,249,000. HBK Investments L P purchased a new position in shares of Valaris during the second quarter valued at $114,355,000. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of Valaris during the third quarter valued at $1,866,000. Institutional investors own 96.74% of the company’s stock.

Valaris Company Profile

Valaris Limited is an offshore drilling contractor that provides drilling services to the global oil and natural gas industry. The company contracts with energy companies to drill wells and support offshore exploration and development projects.

Its fleet includes drillships, semisubmersible rigs and jackup rigs, which are suited to different water depths and operating conditions. Valaris also provides related services and personnel to support drilling operations.

The company operates in offshore markets around the world.