Valaris Limited (NYSE:VAL) Receives $100.00 Average Target Price from Brokerages

Shares of Valaris Limited (NYSE:VAL) have been assigned an average rating of “Buy” from the five research firms that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $100.00.

VAL has been the topic of several research analyst reports. TheStreet raised Valaris from a “c” rating to a “b-” rating in a research note on Thursday, February 22nd. Evercore ISI lowered their target price on Valaris from $107.00 to $105.00 and set an “outperform” rating on the stock in a research note on Friday, February 23rd. StockNews.com upgraded Valaris to a “sell” rating in a report on Friday, April 26th. Finally, Barclays reduced their price target on Valaris from $105.00 to $102.00 and set an “overweight” rating for the company in a report on Tuesday, March 5th.

Valaris Price Performance

Shares of NYSE VAL opened at $65.06 on Friday. The firm’s 50-day simple moving average is $69.83 and its 200 day simple moving average is $67.94. The stock has a market cap of $4.71 billion, a P/E ratio of 5.57 and a beta of 1.13. Valaris has a fifty-two week low of $54.13 and a fifty-two week high of $78.92. 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 (NYSE:VAL) last released its earnings results on Wednesday, February 21st. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.32. The firm had revenue of $483.80 million for the quarter, compared to analyst estimates of $484.00 million. Valaris had a return on equity of 5.71% and a net margin of 48.50%. Equities analysts expect that Valaris will post 4.75 EPS for the current year.

Institutional Investors Weigh In On Valaris

Hedge funds have recently modified their holdings of the business. SeaCrest Wealth Management LLC grew its stake in Valaris by 1.0% in the first quarter. SeaCrest Wealth Management LLC now owns 16,124 shares of the company’s stock valued at $1,213,000 after purchasing an additional 152 shares in the last quarter. Xponance Inc. grew its stake in Valaris by 1.9% in the third quarter. Xponance Inc. now owns 9,023 shares of the company’s stock valued at $677,000 after purchasing an additional 172 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Valaris by 2.5% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 6,940 shares of the company’s stock valued at $520,000 after purchasing an additional 172 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in Valaris by 3.4% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 5,731 shares of the company’s stock valued at $430,000 after purchasing an additional 186 shares in the last quarter. Finally, Smith Anglin Financial LLC grew its stake in Valaris by 5.4% in the first quarter. Smith Anglin Financial LLC now owns 3,740 shares of the company’s stock valued at $281,000 after purchasing an additional 190 shares in the last quarter. Institutional investors and hedge funds own 96.74% of the company’s stock.

Valaris Company Profile

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.