Valaris (NYSE:VAL) Trading 7% Higher – Time to Buy?

Valaris Limited (NYSE:VAL)’s share price traded up 7% during trading on Monday . The stock traded as high as $111.70 and last traded at $112.8420. 471,481 shares changed hands during trading, a decline of 66% from the average session volume of 1,376,442 shares. The stock had previously closed at $105.43.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Susquehanna upped their price target on Valaris from $96.00 to $98.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 7th. Weiss Ratings cut Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Zacks Research cut Valaris from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. BTIG Research cut Valaris from a “buy” rating to a “hold” rating in a research note on Monday, March 9th. Finally, Pareto Securities cut Valaris from a “hold” rating to a “sell” rating and set a $80.00 price target for the company. in a research note on Monday, February 23rd. Nine 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 company currently has an average rating of “Reduce” and a consensus price target of $63.19.

Valaris Price Performance

The stock has a fifty day moving average of $96.61 and a two-hundred day moving average of $74.77. The stock has a market cap of $7.58 billion, a price-to-earnings ratio of 7.67 and a beta of 0.97. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.34.

Valaris (NYSE:VAL) last announced its quarterly earnings data on Monday, May 4th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $443.75 million. During the same period in the prior year, the company earned ($0.53) EPS. The company’s revenue was down 25.0% on a year-over-year basis. On average, equities research analysts anticipate that Valaris Limited will post 3.41 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of VAL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Valaris by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,689 shares of the company’s stock worth $1,440,000 after acquiring an additional 1,605 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Valaris by 3.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,662 shares of the company’s stock worth $5,797,000 after acquiring an additional 4,263 shares during the period. Prudential Financial Inc. grew its holdings in Valaris by 4.1% during the second quarter. Prudential Financial Inc. now owns 5,885 shares of the company’s stock worth $248,000 after acquiring an additional 230 shares during the period. Russell Investments Group Ltd. grew its holdings in Valaris by 17.3% during the second quarter. Russell Investments Group Ltd. now owns 13,539 shares of the company’s stock worth $570,000 after acquiring an additional 1,996 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in Valaris in the second quarter valued at $249,000. Institutional investors and hedge funds 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.