Valaris Limited (NYSE:VAL) Given Average Rating of “Reduce” by Analysts

Shares of Valaris Limited (NYSE:VAL) have been assigned an average rating of “Reduce” from the seven analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $52.50.

A number of equities research analysts have recently issued reports on the stock. Susquehanna cut their price target on shares of Valaris from $50.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Citigroup reduced their target price on Valaris from $48.00 to $44.00 and set a “neutral” rating for the company in a report on Wednesday, March 19th. Barclays decreased their target price on Valaris from $46.00 to $35.00 and set an “equal weight” rating for the company in a research report on Monday. StockNews.com raised Valaris to a “sell” rating in a research note on Thursday, February 20th. Finally, Evercore ISI cut Valaris from an “outperform” rating to an “in-line” rating and lowered their target price for the company from $87.00 to $59.00 in a research note on Wednesday, January 15th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Quarry LP bought a new stake in shares of Valaris in the 3rd quarter valued at approximately $25,000. Lowe Wealth Advisors LLC acquired a new stake in Valaris in the first quarter valued at approximately $28,000. Sterling Capital Management LLC grew its position in Valaris by 518.3% in the fourth quarter. Sterling Capital Management LLC now owns 742 shares of the company’s stock worth $33,000 after acquiring an additional 622 shares in the last quarter. Signaturefd LLC increased its stake in shares of Valaris by 395.0% during the 4th quarter. Signaturefd LLC now owns 1,475 shares of the company’s stock worth $65,000 after purchasing an additional 1,177 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Valaris by 41.0% during the 4th quarter. Blue Trust Inc. now owns 1,758 shares of the company’s stock valued at $78,000 after purchasing an additional 511 shares in the last quarter. 96.74% of the stock is owned by institutional investors and hedge funds.

Valaris Stock Performance

VAL opened at $30.02 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.59 and a debt-to-equity ratio of 0.48. The firm has a market cap of $2.13 billion, a PE ratio of 5.84 and a beta of 1.06. The business has a fifty day simple moving average of $39.06 and a 200-day simple moving average of $44.95. Valaris has a fifty-two week low of $27.15 and a fifty-two week high of $84.20.

Valaris (NYSE:VAL) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.68. Valaris had a return on equity of 17.40% and a net margin of 15.81%. The firm had revenue of $584.40 million for the quarter, compared to analysts’ expectations of $578.01 million. As a group, equities analysts predict that Valaris will post 3.96 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.