Valaris (NYSE:VAL) Now Covered by Analysts at Benchmark

Analysts at Benchmark assumed coverage on shares of Valaris (NYSE:VALGet Rating) in a research report issued on Thursday, The Fly reports. The firm set a “buy” rating and a $95.00 price target on the stock. Benchmark’s price target would suggest a potential upside of 27.62% from the stock’s current price.

Separately, StockNews.com assumed coverage on shares of Valaris in a research report on Wednesday, October 12th. They set a “sell” rating for the company.

Valaris Stock Up 0.6 %

Valaris stock opened at $74.44 on Thursday. The firm has a market cap of $5.60 billion, a price-to-earnings ratio of 32.09 and a beta of 1.39. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.59 and a quick ratio of 2.59. Valaris has a fifty-two week low of $36.55 and a fifty-two week high of $76.14. The firm has a fifty day moving average price of $65.68 and a two-hundred day moving average price of $56.57.

Valaris (NYSE:VALGet Rating) last released its earnings results on Monday, October 31st. The company reported $0.98 earnings per share for the quarter. The firm had revenue of $437.20 million during the quarter. Valaris had a net margin of 11.87% and a return on equity of 6.70%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Valaris during the third quarter valued at about $29,000. PNC Financial Services Group Inc. acquired a new position in Valaris in the first quarter worth about $52,000. Nisa Investment Advisors LLC raised its position in Valaris by 80.9% in the third quarter. Nisa Investment Advisors LLC now owns 995 shares of the company’s stock worth $66,000 after purchasing an additional 445 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in Valaris by 49.0% in the third quarter. Public Employees Retirement System of Ohio now owns 1,375 shares of the company’s stock worth $67,000 after purchasing an additional 452 shares in the last quarter. Finally, Bell Investment Advisors Inc raised its position in Valaris by 745.9% in the third quarter. Bell Investment Advisors Inc now owns 1,565 shares of the company’s stock worth $77,000 after purchasing an additional 1,380 shares in the last quarter. Institutional investors and hedge funds own 82.55% of the company’s stock.

Valaris Company Profile

(Get Rating)

Valaris Limited provides offshore contract drilling services to the international oil and gas industry. The company owns an offshore drilling rig fleet of 56 rigs, which include 11 drillships, 4 dynamically positioned semisubmersible rigs, 1 moored semisubmersible rig, and 40 jackup rigs. It serves international, government-owned, and independent oil and gas companies in the Gulf of Mexico, the North Sea, the Middle East, West Africa, Australia, and Southeast Asia.

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