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

Key Points

• Analyst consensus: Eleven analysts rate Valaris with an average recommendation of "Reduce" (one sell, ten holds) and an average 12‑month price target of $61.72.
• Valaris shares opened at $87.69, trading well above the consensus target; the company has a $6.07 billion market cap, a P/E of 6.27, and a 52‑week range of $30.13–$105.35.
• Institutional ownership is very high at 96.74%, with several funds recently adjusting positions, indicating concentrated investor interest.

Shares of Valaris Limited (NYSE:VAL - Get Free Report) have received an average recommendation of "Reduce" from the eleven analysts that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation and ten have assigned a hold recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $61.7222.

A number of equities research analysts have issued reports on the stock. Citigroup decreased their price target on shares of Valaris from $62.00 to $58.00 and set a "neutral" rating for the company in a report on Monday, December 22nd. Zacks Research lowered shares of Valaris from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 28th. Pareto Securities lowered shares of Valaris from a "hold" rating to a "sell" rating and set a $80.00 price objective for the company. in a research report on Monday, February 23rd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Valaris in a research report on Wednesday, January 21st. Finally, BTIG Research lowered shares of Valaris from a "buy" rating to a "hold" rating in a research report on Monday, March 9th.

Valaris Stock Down 1.0%

VAL stock opened at $87.69 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.77 and a quick ratio of 1.77. Valaris has a 52-week low of $30.13 and a 52-week high of $105.35. The company has a 50-day moving average of $94.21 and a two-hundred day moving average of $68.51. The stock has a market capitalization of $6.07 billion, a price-to-earnings ratio of 6.27 and a beta of 1.04.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in VAL. UMB Bank n.a. raised its position in shares of Valaris by 50.5% during the third quarter. UMB Bank n.a. now owns 778 shares of the company's stock valued at $38,000 after buying an additional 261 shares during the last quarter. Wexford Capital LP acquired a new position in shares of Valaris during the third quarter valued at about $41,000. Signaturefd LLC raised its position in shares of Valaris by 22.1% during the fourth quarter. Signaturefd LLC now owns 1,133 shares of the company's stock valued at $57,000 after buying an additional 205 shares during the last quarter. Strs Ohio raised its position in shares of Valaris by 100.0% during the third quarter. Strs Ohio now owns 1,200 shares of the company's stock valued at $59,000 after buying an additional 600 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Valaris by 240.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company's stock valued at $78,000 after buying an additional 1,308 shares during the last quarter. Institutional investors and hedge funds own 96.74% of the company's stock.

Valaris Company Profile

Valaris PLC is a leading provider of offshore drilling services to the global energy industry. The company operates a diverse fleet of mobile offshore drilling units, including drillships, semisubmersibles and jackup rigs, designed to support exploration and production activities in deepwater, ultra-deepwater and harsh‐environment settings. Valaris serves a wide range of international oil and gas customers, offering turnkey drilling solutions, project management and advanced technology integration to enhance operational efficiency and safety.

Headquartered in Houston, Texas, Valaris maintains a significant presence in key offshore basins around the world.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.