Valaris Limited (NYSE:VAL) Given Consensus Rating of "Hold" by Analysts

Key Points

• Valaris Limited has received an average analyst rating of "Hold", with one sell rating, nine hold ratings, and one buy rating from the eleven research firms covering the company.
• The average 12-month price target set by analysts for Valaris is $48.19, with targets ranging from $45.50 to $55.00.
• Valaris reported earnings of $1.61 per share, exceeding expectations and marking a revenue increase of 0.8% year-over-year, totaling $615.2 million for the quarter.

Valaris Limited (NYSE:VAL - Get Free Report) has earned an average recommendation of "Hold" from the eleven research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $48.1875.

VAL has been the subject of several analyst reports. BTIG Research reissued a "buy" rating on shares of Valaris in a research note on Monday, July 14th. Susquehanna increased their price target on Valaris from $46.00 to $52.00 and gave the company a "neutral" rating in a research report on Friday, August 1st. Fearnley Fonds downgraded shares of Valaris from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. SEB Equity Research set a $45.50 target price on shares of Valaris in a research note on Monday, September 1st. Finally, Capital One Financial set a $55.00 target price on shares of Valaris in a report on Monday, September 15th.

Valaris Stock Performance

VAL opened at $50.16 on Friday. Valaris has a 1-year low of $27.15 and a 1-year high of $57.45. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 13.06 and a beta of 1.15. The company's fifty day moving average price is $49.22 and its two-hundred day moving average price is $42.93. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.46.

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

Hedge Funds Weigh In On Valaris

Hedge funds and other institutional investors have recently modified their holdings of the business. Prudential Financial Inc. raised its position in shares of Valaris by 4.1% during the 2nd quarter. Prudential Financial Inc. now owns 5,885 shares of the company's stock valued at $248,000 after buying an additional 230 shares in the last quarter. Blume Capital Management Inc. increased its stake in Valaris by 56.5% in the second quarter. Blume Capital Management Inc. now owns 665 shares of the company's stock valued at $28,000 after acquiring an additional 240 shares during the last quarter. Retirement Systems of Alabama raised its position in Valaris by 0.4% during the second quarter. Retirement Systems of Alabama now owns 79,913 shares of the company's stock valued at $3,365,000 after purchasing an additional 279 shares in the last quarter. GAMMA Investing LLC lifted its stake in Valaris by 11.8% during the third quarter. GAMMA Investing LLC now owns 2,660 shares of the company's stock worth $130,000 after purchasing an additional 281 shares during the last quarter. Finally, Bayforest Capital Ltd boosted its holdings in shares of Valaris by 17.2% in the 1st 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. Hedge funds and other institutional investors own 96.74% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.