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

Shares of Valaris Limited (NYSE:VAL - Get Free Report) have been assigned an average rating of "Reduce" from the seven ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $49.17.

VAL has been the topic of several recent analyst reports. Barclays boosted their target price on shares of Valaris from $35.00 to $37.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Susquehanna reduced their price target 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. Citigroup decreased their price objective on shares of Valaris from $48.00 to $44.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Evercore ISI cut their target price on shares of Valaris from $55.00 to $50.00 and set an "in-line" rating for the company in a research note on Friday, May 2nd. Finally, Wall Street Zen raised Valaris to a "sell" rating in a report on Tuesday, May 13th.

Hedge Funds Weigh In On Valaris

Institutional investors have recently modified their holdings of the stock. Lowe Wealth Advisors LLC acquired a new stake in shares of Valaris in the first quarter valued at approximately $28,000. Quarry LP boosted its position in Valaris by 51.7% in the 4th quarter. Quarry LP now owns 684 shares of the company's stock valued at $30,000 after buying an additional 233 shares during the last quarter. Sterling Capital Management LLC increased its stake in shares of Valaris by 518.3% in the 4th quarter. Sterling Capital Management LLC now owns 742 shares of the company's stock valued at $33,000 after buying an additional 622 shares during the period. UMB Bank n.a. acquired a new stake in shares of Valaris in the 1st quarter valued at $44,000. Finally, GAMMA Investing LLC raised its position in shares of Valaris by 1,027.5% during the first quarter. GAMMA Investing LLC now owns 1,353 shares of the company's stock worth $53,000 after acquiring an additional 1,233 shares during the last quarter. 96.74% of the stock is owned by institutional investors.

Valaris Price Performance

Shares of VAL stock traded down $0.53 during trading hours on Friday, hitting $39.95. The company had a trading volume of 1,606,491 shares, compared to its average volume of 1,571,576. Valaris has a 12 month low of $27.15 and a 12 month high of $84.20. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.61 and a current ratio of 1.59. The firm's fifty day moving average is $35.15 and its 200 day moving average is $40.64. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 7.77 and a beta of 1.09.

Valaris (NYSE:VAL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported ($0.53) EPS for the quarter, missing the consensus estimate 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 revenue for the quarter was up 6.2% on a year-over-year basis. On average, sell-side analysts predict that Valaris will post 3.96 EPS for the current fiscal year.

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.