Valaris Limited (NYSE:VAL) Receives Average Rating of "Buy" from Analysts

Shares of Valaris Limited (NYSE:VAL - Get Free Report) have been given a consensus recommendation of "Buy" by the five brokerages that are presently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a buy rating. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $100.00.

VAL has been the subject of a number of research reports. TheStreet raised shares of Valaris from a "c" rating to a "b-" rating in a report on Thursday, February 22nd. Barclays cut their price target on shares of Valaris from $105.00 to $102.00 and set an "overweight" rating for the company in a report on Tuesday, March 5th. StockNews.com upgraded shares of Valaris to a "sell" rating in a research report on Friday, March 15th. Finally, Evercore ISI lowered their price target on shares of Valaris from $107.00 to $105.00 and set an "outperform" rating for the company in a research report on Friday, February 23rd.

Hedge Funds Weigh In On Valaris

Several institutional investors and hedge funds have recently modified their holdings of VAL. Fortis Capital Advisors LLC bought a new stake in Valaris during the first quarter worth about $26,000. Belpointe Asset Management LLC bought a new stake in Valaris during the first quarter worth about $27,000. Fifth Third Bancorp lifted its position in Valaris by 120.1% during the third quarter. Fifth Third Bancorp now owns 394 shares of the company's stock worth $30,000 after purchasing an additional 215 shares during the period. Princeton Global Asset Management LLC bought a new stake in Valaris during the third quarter worth about $37,000. Finally, Covestor Ltd lifted its position in Valaris by 184.0% during the third quarter. Covestor Ltd now owns 693 shares of the company's stock worth $52,000 after purchasing an additional 449 shares during the period. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Valaris Trading Down 2.0 %

Shares of NYSE:VAL traded down $1.53 during mid-day trading on Monday, hitting $73.73. The stock had a trading volume of 727,389 shares, compared to its average volume of 917,909. The company has a market cap of $5.34 billion, a PE ratio of 6.31 and a beta of 1.13. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.71 and a current ratio of 1.71. The company's 50 day moving average is $67.43 and its 200-day moving average is $68.45. Valaris has a 12-month low of $54.13 and a 12-month high of $78.92.

Valaris (NYSE:VAL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.29 by $0.32. Valaris had a net margin of 48.50% and a return on equity of 5.71%. The company had revenue of $483.80 million for the quarter, compared to analyst estimates of $484.00 million. On average, sell-side analysts predict that Valaris will post 4.75 EPS for the current 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.