Valaris Limited (NYSE:VAL) Given Average Recommendation of “Reduce” by Brokerages

Shares of Valaris Limited (NYSE:VAL) have been assigned a consensus rating of “Reduce” from the ten analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and nine have issued a hold rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $63.1875.

Several equities analysts have weighed in on the company. Susquehanna lifted their price objective on Valaris from $96.00 to $98.00 and gave the company a “neutral” rating in a report on Tuesday, April 7th. 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. BTIG Research cut Valaris from a “buy” rating to a “hold” rating in a research report on Monday, March 9th. Finally, Weiss Ratings downgraded Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th.

Valaris Stock Performance

Shares of NYSE:VAL opened at $87.40 on Wednesday. Valaris has a 12-month low of $41.03 and a 12-month high of $114.12. The company’s 50 day moving average price is $96.54 and its two-hundred day moving average price is $78.89. The firm has a market cap of $6.05 billion, a PE ratio of 6.12 and a beta of 0.91. 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 released its quarterly earnings results 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). The business had revenue of $465.40 million during the quarter, compared to analyst estimates of $443.75 million. Valaris had a net margin of 45.37% and a return on equity of 12.31%. The firm’s quarterly revenue was down 25.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.53) earnings per share. Equities research analysts predict that Valaris will post 3.18 earnings per share for the current year.

Hedge Funds Weigh In On Valaris

Hedge funds and other institutional investors have recently made changes to their positions in the company. WINTON GROUP Ltd lifted its holdings in shares of Valaris by 0.5% during the 4th quarter. WINTON GROUP Ltd now owns 27,510 shares of the company’s stock worth $1,387,000 after acquiring an additional 146 shares during the period. PNC Financial Services Group Inc. increased its stake in Valaris by 0.5% in the first quarter. PNC Financial Services Group Inc. now owns 31,465 shares of the company’s stock valued at $3,085,000 after acquiring an additional 169 shares during the last quarter. State of Michigan Retirement System raised its position in Valaris by 1.3% during the first quarter. State of Michigan Retirement System now owns 15,500 shares of the company’s stock valued at $1,520,000 after purchasing an additional 200 shares in the last quarter. Signaturefd LLC raised its position in Valaris by 22.1% during the fourth quarter. Signaturefd LLC now owns 1,133 shares of the company’s stock valued at $57,000 after purchasing an additional 205 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in Valaris by 1.4% during the third quarter. Quadrant Capital Group LLC now owns 15,301 shares of the company’s stock worth $746,000 after purchasing an additional 214 shares during the last quarter. 96.74% of the stock is currently owned by institutional investors and hedge funds.

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.