Valaris Limited (NYSE:VAL) Receives $47.21 Average PT from Analysts

Shares of Valaris Limited (NYSE:VAL - Get Free Report) have received an average rating of "Hold" from the ten research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $47.2143.

VAL has been the topic of several research analyst reports. Susquehanna raised their target price on Valaris from $46.00 to $52.00 and gave the stock a "neutral" rating in a research report on Friday, August 1st. Clarkson Capital downgraded Valaris from a "buy" rating to a "neutral" rating and set a $54.00 target price on the stock. in a research note on Tuesday, September 2nd. Wall Street Zen upgraded Valaris from a "sell" rating to a "hold" rating in a research note on Saturday, August 30th. SEB Equity Research set a $45.50 price target on Valaris in a research note on Monday, September 1st. Finally, BTIG Research restated a "buy" rating on shares of Valaris in a research note on Monday, July 14th.

Valaris Price Performance

Shares of VAL stock traded up $1.35 during trading hours on Monday, hitting $52.54. 1,180,113 shares of the company's stock were exchanged, compared to its average volume of 1,706,920. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.46. The firm has a market cap of $3.74 billion, a P/E ratio of 13.68 and a beta of 1.17. The firm has a 50 day moving average of $48.09 and a two-hundred day moving average of $41.26. Valaris has a fifty-two week low of $27.15 and a fifty-two week high of $57.90.

Valaris (NYSE:VAL - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.45. The company had revenue of $615.20 million during the quarter, compared to analysts' expectations of $582.70 million. Valaris had a return on equity of 12.36% and a net margin of 11.18%.The firm's quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the business earned $2.03 EPS. Sell-side analysts forecast that Valaris will post 3.96 EPS for the current year.

Institutional Investors Weigh In On Valaris

Several institutional investors and hedge funds have recently modified their holdings of VAL. Ameriprise Financial Inc. lifted its stake in shares of Valaris by 27.9% in the fourth quarter. Ameriprise Financial Inc. now owns 89,762 shares of the company's stock worth $3,971,000 after acquiring an additional 19,580 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Valaris during the 4th quarter worth approximately $2,511,000. Balyasny Asset Management L.P. acquired a new stake in shares of Valaris during the 4th quarter worth approximately $402,000. Deutsche Bank AG raised its position in shares of Valaris by 94.7% during the 4th quarter. Deutsche Bank AG now owns 207,291 shares of the company's stock worth $9,171,000 after purchasing an additional 100,812 shares during the period. Finally, Gotham Asset Management LLC raised its position in shares of Valaris by 64.4% during the 4th quarter. Gotham Asset Management LLC now owns 12,536 shares of the company's stock worth $555,000 after purchasing an additional 4,913 shares during the period. Hedge funds and other institutional investors 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.