Valaris (NYSE:VAL) Lowered to “Sell” Rating by Pareto Securities

Valaris (NYSE:VAL) was downgraded by analysts at Pareto Securities from a “hold” rating to a “sell” rating in a research note issued on Monday. They presently have a $80.00 price target on the stock. Pareto Securities’ price target would suggest a potential downside of 19.71% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on VAL. Weiss Ratings restated a “hold (c)” rating on shares of Valaris in a report on Wednesday, January 21st. BTIG Research lifted their price target on shares of Valaris from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Zacks Research cut shares of Valaris from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Citigroup dropped their target price on Valaris from $62.00 to $58.00 and set a “neutral” rating on the stock in a research report on Monday, December 22nd. Finally, Barclays boosted their price target on Valaris from $43.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 5th. One analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $56.50.

Valaris Stock Up 4.1%

Shares of NYSE VAL traded up $3.89 on Monday, hitting $99.64. The company had a trading volume of 225,584 shares, compared to its average volume of 1,955,964. The company has a quick ratio of 1.87, a current ratio of 1.77 and a debt-to-equity ratio of 0.34. Valaris has a 12-month low of $27.15 and a 12-month high of $102.20. The firm has a market capitalization of $6.93 billion, a P/E ratio of 7.16 and a beta of 1.18. The business has a 50 day moving average of $60.96 and a two-hundred day moving average of $55.34.

Institutional Investors Weigh In On Valaris

A number of institutional investors have recently made changes to their positions in the company. Invesco Ltd. grew its holdings in shares of Valaris by 7.6% during the fourth quarter. Invesco Ltd. now owns 510,426 shares of the company’s stock valued at $25,725,000 after purchasing an additional 36,001 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in shares of Valaris by 82.9% in the 4th quarter. Corient Private Wealth LLC now owns 14,235 shares of the company’s stock worth $708,000 after purchasing an additional 6,450 shares during the last quarter. Mackenzie Financial Corp acquired a new position in Valaris during the 4th quarter valued at approximately $202,000. Empowered Funds LLC bought a new position in Valaris during the 4th quarter worth $1,324,000. Finally, XTX Topco Ltd increased its position in Valaris by 875.6% in the fourth quarter. XTX Topco Ltd now owns 86,575 shares of the company’s stock worth $4,363,000 after buying an additional 77,701 shares during the period. 96.74% of the stock is currently owned by institutional investors.

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.