Brokerages Set Valaris Limited (NYSE:VAL) Target Price at $49.17

Shares of Valaris Limited (NYSE:VAL - Get Free Report) have been given an average recommendation of "Reduce" by the seven analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $49.17.

A number of research analysts have commented on the stock. Susquehanna decreased their target price on shares of Valaris from $47.00 to $34.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Wall Street Zen raised shares of Valaris to a "sell" rating in a research report on Tuesday, May 13th. Evercore ISI reduced their price target on shares of Valaris from $55.00 to $50.00 and set an "in-line" rating on the stock in a research report on Friday, May 2nd. Barclays increased their price target on shares of Valaris from $35.00 to $37.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Finally, Citigroup reduced their price target on shares of Valaris from $48.00 to $44.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th.

Institutional Trading of Valaris

Hedge funds have recently made changes to their positions in the business. Lingotto Investment Management LLP increased its stake in shares of Valaris by 2.5% during the fourth quarter. Lingotto Investment Management LLP now owns 3,637,207 shares of the company's stock worth $160,910,000 after buying an additional 87,420 shares during the period. Aigen Investment Management LP purchased a new stake in shares of Valaris during the fourth quarter worth approximately $611,000. Raymond James Financial Inc. purchased a new stake in shares of Valaris during the fourth quarter worth approximately $875,000. Deutsche Bank AG increased its stake in shares of Valaris by 94.7% during the fourth quarter. Deutsche Bank AG now owns 207,291 shares of the company's stock worth $9,171,000 after buying an additional 100,812 shares during the period. Finally, Hosking Partners LLP increased its stake in shares of Valaris by 33.6% during the fourth quarter. Hosking Partners LLP now owns 341,842 shares of the company's stock worth $15,123,000 after buying an additional 85,891 shares during the period. Institutional investors and hedge funds own 96.74% of the company's stock.

Valaris Trading Up 2.9%

Shares of VAL traded up $1.09 during mid-day trading on Friday, reaching $38.71. The stock had a trading volume of 1,108,372 shares, compared to its average volume of 1,907,576. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.59 and a quick ratio of 1.61. Valaris has a 52-week low of $27.15 and a 52-week high of $84.20. The business's fifty day moving average is $35.17 and its 200 day moving average is $40.71. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 7.53 and a beta of 1.09.

Valaris (NYSE:VAL - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported ($0.53) EPS for the quarter, missing analysts' consensus estimates of $1.10 by ($1.63). Valaris had a net margin of 15.81% and a return on equity of 17.40%. The company had revenue of $620.70 million during the quarter, compared to analyst estimates of $582.87 million. The firm's quarterly revenue was up 6.2% compared to the same quarter last year. On average, sell-side analysts predict that Valaris will post 3.96 EPS for the current fiscal 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.