Brokerages Set Valaris Limited (NYSE:VAL) Price Target at $99.20

Valaris Limited (NYSE:VAL) has been assigned an average recommendation of “Buy” from the five analysts that are covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have covered the stock in the last year is $99.20.

VAL has been the subject of a number of research analyst reports. Benchmark reissued a “buy” rating and issued a $90.00 price target on shares of Valaris in a research report on Thursday, May 2nd. Evercore ISI cut their price objective on Valaris from $107.00 to $105.00 and set an “outperform” rating for the company in a report on Friday, February 23rd. TheStreet raised Valaris from a “c” rating to a “b-” rating in a research report on Thursday, February 22nd. StockNews.com raised Valaris to a “sell” rating in a research note on Friday, April 26th. Finally, Barclays cut their price objective on shares of Valaris from $102.00 to $98.00 and set an “overweight” rating on the stock in a research report on Friday, May 10th.

Institutional Investors Weigh In On Valaris

A number of institutional investors have recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC increased its position in shares of Valaris by 1.0% during 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 during the period. Raymond James Financial Services Advisors Inc. increased its holdings in Valaris by 2.5% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 6,940 shares of the company’s stock valued at $520,000 after buying an additional 172 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in Valaris by 3.4% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 5,731 shares of the company’s stock worth $430,000 after purchasing an additional 186 shares in the last quarter. Smith Anglin Financial LLC lifted its position in shares of Valaris by 5.4% during the 1st 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. Finally, Insight Wealth Strategies LLC grew its position in Valaris by 3.0% in the first quarter. Insight Wealth Strategies LLC now owns 7,119 shares of the company’s stock valued at $536,000 after acquiring an additional 210 shares during the period. 96.74% of the stock is owned by institutional investors and hedge funds.

Valaris Stock Performance

VAL opened at $73.80 on Tuesday. The business has a 50 day moving average price of $71.99 and a two-hundred day moving average price of $68.49. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.57. The company has a market capitalization of $5.34 billion, a price-to-earnings ratio of 6.46 and a beta of 1.20. Valaris has a 1-year low of $55.53 and a 1-year high of $78.92.

Valaris (NYSE:VAL) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.05). Valaris had a return on equity of 3.81% and a net margin of 44.93%. The business had revenue of $525.00 million during the quarter, compared to analyst estimates of $503.00 million. Research analysts predict that Valaris will post 4.37 EPS for the current fiscal year.

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.