Valaris (NYSE:VAL) Stock Rating Upgraded by StockNews.com

Valaris (NYSE:VAL) was upgraded by StockNews.com to a “sell” rating in a report released on Friday.

Other equities analysts have also issued research reports about the stock. Evercore ISI decreased their target price on shares of Valaris from $107.00 to $105.00 and set an “outperform” rating for the company in a research report on Friday, February 23rd. Barclays reduced their price objective on shares of Valaris from $105.00 to $102.00 and set an “overweight” rating for the company in a research report on Tuesday, March 5th. Finally, TheStreet upgraded shares of Valaris from a “c” rating to a “b-” rating in a research report on Thursday, February 22nd. One analyst has rated the stock with a sell rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $100.00.

Valaris Stock Performance

Shares of VAL opened at $69.20 on Friday. The firm has a 50-day moving average price of $69.68 and a 200 day moving average price of $68.05. The firm has a market capitalization of $5.01 billion, a PE ratio of 5.92 and a beta of 1.13. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.54. Valaris has a 52-week low of $54.13 and a 52-week high of $78.92.

Valaris (NYSE:VAL) last announced its earnings results on Wednesday, February 21st. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.32. The firm had revenue of $483.80 million during the quarter, compared to analyst estimates of $484.00 million. Valaris had a net margin of 48.50% and a return on equity of 5.71%. On average, sell-side analysts anticipate that Valaris will post 4.75 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. New York State Teachers Retirement System boosted its holdings in shares of Valaris by 0.9% in the first quarter. New York State Teachers Retirement System now owns 35,100 shares of the company’s stock worth $2,642,000 after buying an additional 300 shares during the period. Smith Anglin Financial LLC boosted its holdings in shares of Valaris by 5.4% in the first quarter. Smith Anglin Financial LLC now owns 3,740 shares of the company’s stock worth $281,000 after buying an additional 190 shares during the period. Louisiana State Employees Retirement System boosted its holdings in shares of Valaris by 2.3% in the first quarter. Louisiana State Employees Retirement System now owns 18,000 shares of the company’s stock worth $1,355,000 after buying an additional 400 shares during the period. Lee Johnson Capital Management LLC purchased a new stake in shares of Valaris in the first quarter worth approximately $7,355,000. Finally, SeaCrest Wealth Management LLC lifted its position in shares of Valaris by 1.0% in the first quarter. SeaCrest Wealth Management LLC now owns 16,124 shares of the company’s stock worth $1,213,000 after purchasing an additional 152 shares in the last quarter. 96.74% of the stock is currently owned by institutional investors and hedge funds.

About Valaris

Valaris Limited, together with its subsidiaries, provides offshore contract drilling services Gulf of Mexico, South America, North Sea, the Middle East, Africa, and the Asia Pacific. The company operates through four segments: Floaters, Jackups, ARO, and Other. It owns an offshore drilling rig fleet, which include drillships, dynamically positioned semisubmersible rigs, moored semisubmersible rig, and jackup rigs.