Barclays Forecasts Strong Price Appreciation for Valaris (NYSE:VAL) Stock

Valaris (NYSE:VAL - Get Free Report) had its target price hoisted by stock analysts at Barclays from $35.00 to $37.00 in a research report issued on Monday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Barclays's price objective would indicate a potential upside of 2.17% from the stock's current price.

A number of other research firms have also weighed in on VAL. StockNews.com raised Valaris to a "sell" rating in a report on Thursday, February 20th. Evercore ISI decreased their price objective on shares of Valaris from $55.00 to $50.00 and set an "in-line" rating on the stock in a report on Friday. Susquehanna cut their target price on shares of Valaris from $47.00 to $34.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Finally, Citigroup decreased their price target on shares of Valaris from $48.00 to $44.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $49.17.

Valaris Stock Up 0.7 %

VAL traded up $0.25 during trading on Monday, reaching $36.21. 1,644,202 shares of the stock were exchanged, compared to its average volume of 1,507,180. The stock has a market cap of $2.57 billion, a P/E ratio of 7.06 and a beta of 1.09. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.61 and a current ratio of 1.59. The stock's 50 day moving average price is $35.02 and its two-hundred day moving average price is $42.46. Valaris has a twelve month low of $27.15 and a twelve month high of $84.20.

Valaris (NYSE:VAL - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of $1.10 by ($1.63). Valaris had a return on equity of 17.40% and a net margin of 15.81%. The firm had revenue of $620.70 million for the quarter, compared to analyst estimates of $582.87 million. The business's revenue was up 6.2% on a year-over-year basis. Equities analysts expect that Valaris will post 3.96 EPS for the current year.

Institutional Trading of Valaris

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP boosted its stake in shares of Valaris by 51.7% in the fourth quarter. Quarry LP now owns 684 shares of the company's stock valued at $30,000 after buying an additional 233 shares during the period. Lowe Wealth Advisors LLC acquired a new position in Valaris in the 1st quarter valued at $28,000. Sterling Capital Management LLC lifted its position in shares of Valaris by 518.3% during the 4th quarter. Sterling Capital Management LLC now owns 742 shares of the company's stock valued at $33,000 after acquiring an additional 622 shares during the period. UMB Bank n.a. acquired a new stake in shares of Valaris during the 1st quarter worth $44,000. Finally, GAMMA Investing LLC increased its position in shares of Valaris by 1,027.5% in the first quarter. GAMMA Investing LLC now owns 1,353 shares of the company's stock worth $53,000 after purchasing an additional 1,233 shares during the period. Institutional investors and hedge funds own 96.74% of the company's stock.

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.

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