Valaris (NYSE:VAL) Sets New 1-Year High – Here’s What Happened

Valaris Limited (NYSE:VAL)’s stock price hit a new 52-week high on Friday . The stock traded as high as $105.52 and last traded at $104.9820, with a volume of 1474187 shares traded. The stock had previously closed at $103.27.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. BTIG Research downgraded shares of Valaris from a “buy” rating to a “hold” rating in a report on Monday, March 9th. Zacks Research downgraded shares of Valaris from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Weiss Ratings downgraded shares of Valaris from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Susquehanna increased their price target on shares of Valaris from $96.00 to $98.00 and gave the stock a “neutral” rating in a report on Tuesday, April 7th. Finally, Pareto Securities downgraded shares of Valaris from a “hold” rating to a “sell” rating and set a $80.00 price target on the stock. in a report on Monday, February 23rd. Nine research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $63.19.

Valaris Trading Up 1.7%

The company’s fifty day moving average is $95.69 and its two-hundred day moving average is $73.86. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market cap of $7.27 billion, a price-to-earnings ratio of 7.35 and a beta of 0.97.

Valaris (NYSE:VAL) last issued its quarterly earnings results on Monday, May 4th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.19). Valaris had a return on equity of 12.31% and a net margin of 45.37%.The business had revenue of $465.40 million during the quarter, compared to analyst estimates of $443.75 million. During the same quarter last year, the company posted ($0.53) EPS. Valaris’s quarterly revenue was down 25.0% compared to the same quarter last year. On average, research analysts anticipate that Valaris Limited will post 3.41 EPS for the current year.

Institutional Investors Weigh In On Valaris

Hedge funds have recently bought and sold shares of the stock. ANTIPODES PARTNERS Ltd boosted its position in Valaris by 8,034.0% in the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 580,198 shares of the company’s stock worth $28,298,000 after purchasing an additional 573,065 shares in the last quarter. Trek Financial LLC purchased a new stake in Valaris in the 3rd quarter worth approximately $3,305,000. GSA Capital Partners LLP purchased a new stake in Valaris in the 3rd quarter worth approximately $1,205,000. American Century Companies Inc. boosted its position 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 in the last quarter. Finally, Goehring & Rozencwajg Associates LLC boosted its position in Valaris by 108.9% in the 3rd quarter. Goehring & Rozencwajg Associates LLC now owns 902,440 shares of the company’s stock worth $44,012,000 after purchasing an additional 470,419 shares in the last quarter. Hedge funds and other institutional investors own 96.74% of the company’s stock.

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.