Valaris Limited (NYSE:VAL) Given Average Rating of "Hold" by Brokerages

Valaris Limited (NYSE:VAL - Get Free Report) has earned an average recommendation of "Hold" from the seven analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $52.50.

Several research analysts have issued reports on the company. BTIG Research reaffirmed a "buy" rating on shares of Valaris in a report on Monday, July 14th. Evercore ISI dropped their target price on Valaris from $55.00 to $50.00 and set an "in-line" rating on the stock in a report on Friday, May 2nd. Susquehanna raised their price target on Valaris from $40.00 to $46.00 and gave the company a "neutral" rating in a report on Tuesday, July 1st. Wall Street Zen upgraded Valaris to a "sell" rating in a research note on Tuesday, May 13th. Finally, Citigroup reaffirmed a "neutral" rating and set a $50.00 target price (up from $47.00) on shares of Valaris in a report on Thursday, July 10th.

Institutional Investors Weigh In On Valaris

Several large investors have recently added to or reduced their stakes in the stock. Quarry LP boosted its holdings 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 purchasing an additional 233 shares during the period. Bayforest Capital Ltd increased its position in shares of Valaris by 17.2% during the first quarter. Bayforest Capital Ltd now owns 1,920 shares of the company's stock worth $75,000 after purchasing an additional 282 shares in the last quarter. Signaturefd LLC increased its position in shares of Valaris by 45.4% during the second quarter. Signaturefd LLC now owns 916 shares of the company's stock worth $39,000 after purchasing an additional 286 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Valaris by 77.9% during the second quarter. Fifth Third Bancorp now owns 822 shares of the company's stock worth $35,000 after purchasing an additional 360 shares in the last quarter. Finally, Moody National Bank Trust Division increased its position in shares of Valaris by 4.8% in the 2nd quarter. Moody National Bank Trust Division now owns 9,645 shares of the company's stock valued at $406,000 after acquiring an additional 438 shares during the period. 96.74% of the stock is owned by institutional investors.

Valaris Stock Down 0.8%

VAL stock opened at $46.98 on Friday. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of 11.03 and a beta of 1.15. Valaris has a 1-year low of $27.15 and a 1-year high of $84.20. The firm has a fifty day moving average price of $42.79 and a two-hundred day moving average price of $40.83. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.67 and a quick ratio of 1.67.

Valaris (NYSE:VAL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($1.63). Valaris had a net margin of 12.61% and a return on equity of 14.14%. The firm had revenue of $620.70 million for the quarter, compared to analyst estimates of $582.87 million. The company's revenue was up 6.2% on a year-over-year basis. Research analysts predict that Valaris will post 3.96 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.

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