Valaris Limited (VAL) - What Are Investment Firms Saying About This Stock?

Key Points

• Analysts remain cautious on Valaris: Seven analysts give the stock a consensus “Reduce” rating—one sell and six holds—with an average 12-month price target of $67.80 versus its $84.90 trading price.
• Institutional ownership is high at 96.74%. Several investment firms recently initiated or increased positions, including Versant Capital Management, which raised its holdings by 76.6%.
• Valaris exceeded quarterly earnings expectations, reporting $0.72 in EPS versus the $0.31 consensus and revenue of $539.2 million, although revenue declined 12.4% year over year.

Valaris Limited (NYSE:VAL - Get Free Report) has received a consensus rating of "Reduce" from the seven analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $67.80.

VAL has been the topic of a number of recent research reports. Susquehanna lifted their price target on Valaris from $80.00 to $86.00 and gave the company a "neutral" rating in a research note on Monday, October 5th. Weiss Ratings upgraded Valaris from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, August 17th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in VAL. Public Employees Retirement System of Ohio acquired a new stake in Valaris in the second quarter valued at $42,000. Harbor Investment Advisory LLC bought a new position in Valaris during the 2nd quarter worth $46,000. Versant Capital Management Inc lifted its holdings in Valaris by 76.6% during the 3rd quarter. Versant Capital Management Inc now owns 1,125 shares of the company's stock worth $88,000 after buying an additional 488 shares during the period. Parallel Advisors LLC lifted its holdings in Valaris by 33.5% during the 1st quarter. Parallel Advisors LLC now owns 1,065 shares of the company's stock worth $104,000 after buying an additional 267 shares during the period. Finally, Longview Financial Advisors Inc. acquired a new position in Valaris during the 1st quarter worth about $105,000. Institutional investors own 96.74% of the company's stock.

Valaris Trading Up 1.5%

NYSE VAL opened at $84.90 on Tuesday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.34. Valaris has a twelve month low of $47.25 and a twelve month high of $114.12. The company has a market cap of $5.90 billion, a price-to-earnings ratio of 6.34 and a beta of 1.04. The business's fifty day moving average is $83.99 and its 200 day moving average is $87.22.

Valaris (NYSE:VAL - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.41. Valaris had a return on equity of 9.25% and a net margin of 43.95%. The business had revenue of $539.20 million for the quarter, compared to analyst estimates of $488.52 million. During the same quarter in the previous year, the company posted $1.61 EPS. Valaris's quarterly revenue was down 12.4% compared to the same quarter last year. As a group, sell-side analysts expect that Valaris will post 3.25 EPS for the current fiscal year.

About Valaris

Valaris Limited NYSE: VAL is an offshore drilling contractor that provides drilling services to oil and gas companies worldwide. The company operates a fleet of offshore rigs, including drillships, semisubmersible rigs and jackup rigs, used to explore for and develop offshore energy resources.

Its services support drilling programs in a range of offshore environments, from shallow-water projects using jackup rigs to deepwater and ultra-deepwater operations using drillships and semisubmersible rigs.

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