Valaris (VAL) to Release Quarterly Earnings on Thursday

Valaris (NYSE:VAL) is expected to be issuing its quarterly earnings data before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of $1.20 per share and revenue of $578.01 million for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Valaris Stock Down 2.7 %

VAL stock opened at $44.50 on Tuesday. The company has a fifty day moving average price of $45.52 and a 200 day moving average price of $51.12. Valaris has a 12 month low of $39.90 and a 12 month high of $84.20. The company has a market cap of $3.16 billion, a price-to-earnings ratio of 3.06 and a beta of 1.10. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.61 and a quick ratio of 1.61.

Wall Street Analysts Forecast Growth

VAL has been the subject of several research reports. Barclays reiterated an “equal weight” rating and issued a $49.00 price target (down previously from $59.00) on shares of Valaris in a research report on Wednesday, December 18th. Susquehanna cut their price objective on shares of Valaris from $61.00 to $55.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Evercore ISI downgraded shares of Valaris from an “outperform” rating to an “in-line” rating and cut their price objective for the stock from $87.00 to $59.00 in a research report on Wednesday, January 15th. JPMorgan Chase & Co. initiated coverage on shares of Valaris in a research report on Friday, December 6th. They set an “underweight” rating and a $40.00 price objective for the company. Finally, Citigroup upped their price objective on shares of Valaris from $47.00 to $48.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $56.83.

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.