Valaris Limited (NYSE:VAL) Receives $56.50 Consensus PT from Analysts

Shares of Valaris Limited (NYSE:VAL) have received a consensus rating of “Reduce” from the eleven analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and ten have issued a hold recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $56.50.

Several analysts recently commented on VAL shares. Pareto Securities lowered Valaris from a “hold” rating to a “sell” rating and set a $80.00 target price on the stock. in a report on Monday, February 23rd. Zacks Research downgraded Valaris from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. BTIG Research cut shares of Valaris from a “buy” rating to a “hold” rating in a research note on Monday, March 9th. Citigroup cut their target price on shares of Valaris from $62.00 to $58.00 and set a “neutral” rating for the company in a report on Monday, December 22nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Valaris in a research note on Wednesday, January 21st.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Lingotto Investment Management LLP boosted its stake in shares of Valaris by 1.1% during the 2nd quarter. Lingotto Investment Management LLP now owns 3,655,900 shares of the company’s stock worth $153,950,000 after acquiring an additional 38,579 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Valaris by 6.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,234,713 shares of the company’s stock valued at $163,031,000 after purchasing an additional 206,305 shares in the last quarter. Schf GPE LLC acquired a new position in Valaris in the 2nd quarter worth about $77,675,000. American Century Companies Inc. raised its holdings in Valaris by 87.1% in the 3rd quarter. American Century Companies Inc. now owns 1,274,038 shares of the company’s stock worth $62,135,000 after purchasing an additional 592,971 shares during the period. Finally, FIL Ltd boosted its position in Valaris by 10.4% during the fourth quarter. FIL Ltd now owns 1,220,279 shares of the company’s stock worth $61,502,000 after purchasing an additional 114,967 shares in the last quarter. Institutional investors and hedge funds own 96.74% of the company’s stock.

Valaris Price Performance

Shares of VAL opened at $97.94 on Friday. The business’s 50-day moving average is $84.16 and its two-hundred day moving average is $64.10. The company has a market capitalization of $6.78 billion, a P/E ratio of 7.00 and a beta of 1.07. Valaris has a fifty-two week low of $27.15 and a fifty-two week high of $105.35. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.77 and a current ratio of 1.77.

About Valaris

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.