Valaris Limited (NYSE:VAL) Given Consensus Rating of "Reduce" by Brokerages

Key Points

• Analysts rate Valaris “Reduce” overall: Of nine analysts, one recommends selling and eight recommend holding. The average 12-month price target is $60.94, below the stock’s reported $88.11 price.
• Valaris exceeded quarterly expectations: The company reported adjusted earnings of $0.72 per share versus the $0.31 consensus estimate, while revenue reached $539.2 million, above expectations but down 12.4% year over year.
• Institutional ownership remains high: Hedge funds and other institutional investors own 96.74% of Valaris shares, with several firms increasing their positions recently.

Valaris Limited (NYSE:VAL - Get Free Report) has been assigned a consensus recommendation of "Reduce" from the nine analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and eight have assigned a hold recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $60.9375.

Several research firms recently commented on VAL. Weiss Ratings upgraded Valaris from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, August 17th. Susquehanna lifted their price target on Valaris from $75.00 to $80.00 and gave the company a "neutral" rating in a report on Friday, August 7th.

Hedge Funds Weigh In On Valaris

Several institutional investors and hedge funds have recently bought and sold shares of VAL. Hosking Partners LLP grew its position in Valaris by 21.1% during the fourth quarter. Hosking Partners LLP now owns 299,669 shares of the company's stock valued at $15,103,000 after acquiring an additional 52,278 shares during the period. DV Trading LLC lifted its stake in shares of Valaris by 5,533.3% in the 1st quarter. DV Trading LLC now owns 16,900 shares of the company's stock valued at $1,657,000 after purchasing an additional 16,600 shares in the last quarter. Hussman Strategic Advisors Inc. purchased a new stake in shares of Valaris during the 4th quarter worth about $1,058,000. Denali Advisors LLC acquired a new stake in Valaris during the 4th quarter worth approximately $1,618,000. Finally, Dimensional Fund Advisors LP raised its holdings in Valaris by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 3,349,443 shares of the company's stock valued at $328,382,000 after buying an additional 114,730 shares during the period. Institutional investors and hedge funds own 96.74% of the company's stock.

Valaris Stock Up 0.4%

VAL stock opened at $88.11 on Monday. The company has a 50 day moving average price of $79.26 and a two-hundred day moving average price of $88.45. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.55 and a current ratio of 1.55. The stock has a market capitalization of $6.12 billion, a P/E ratio of 6.58 and a beta of 0.94. Valaris has a one year low of $46.23 and a one year high of $114.12.

Valaris (NYSE:VAL - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.41. Valaris had a return on equity of 9.25% and a net margin of 43.95%.The company had revenue of $539.20 million for the quarter, compared to analyst estimates of $488.52 million. During the same quarter in the prior year, the company posted $1.61 EPS. The business's revenue for the quarter was down 12.4% compared to the same quarter last year. As a group, sell-side analysts expect that Valaris will post 3.18 EPS for the current year.

About Valaris

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.

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