Valaris Limited (NYSE:VAL) Receives $46.20 Consensus Price Target from Brokerages

Key Points

• Valaris Limited (NYSE:VAL) has received an average recommendation of "Hold" from eight brokerages, with one sell, six holds, and one buy ratings issued.
• The average 12-month price target for Valaris among analysts is $46.20, with individual targets ranging from $39.00 to $52.00 depending on the brokerage.
• In the latest quarterly earnings, Valaris reported $1.61 EPS, exceeding analysts' estimates and reflecting a year-over-year revenue increase of 0.8%.

Valaris Limited (NYSE:VAL - Get Free Report) has been assigned an average rating of "Hold" from the eight brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $46.20.

Several research analysts have recently weighed in on VAL shares. Susquehanna boosted their price target on Valaris from $46.00 to $52.00 and gave the stock a "neutral" rating in a research note on Friday, August 1st. Wall Street Zen upgraded Valaris to a "sell" rating in a research note on Tuesday, May 13th. Barclays boosted their price target on Valaris from $37.00 to $39.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. Citigroup restated a "neutral" rating and issued a $50.00 price target (up previously from $47.00) on shares of Valaris in a research note on Thursday, July 10th. Finally, Fearnley Fonds cut Valaris from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th.

Valaris Stock Up 1.6%

Shares of VAL stock traded up $0.71 during mid-day trading on Thursday, hitting $45.92. The company's stock had a trading volume of 578,974 shares, compared to its average volume of 1,758,621. Valaris has a 52-week low of $27.15 and a 52-week high of $65.68. The business has a 50-day moving average price of $46.59 and a 200 day moving average price of $40.88. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.81 and a current ratio of 1.81. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 11.93 and a beta of 1.17.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Lowe Wealth Advisors LLC purchased a new stake in Valaris in the first quarter worth about $28,000. Blume Capital Management Inc. increased its position in Valaris by 56.5% in the second quarter. Blume Capital Management Inc. now owns 665 shares of the company's stock worth $28,000 after buying an additional 240 shares in the last quarter. Quarry LP increased its position in Valaris by 51.7% in the fourth quarter. Quarry LP now owns 684 shares of the company's stock worth $30,000 after buying an additional 233 shares in the last quarter. Sterling Capital Management LLC increased its position in Valaris by 518.3% in the fourth quarter. Sterling Capital Management LLC now owns 742 shares of the company's stock worth $33,000 after buying an additional 622 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in Valaris by 77.9% in the second quarter. Fifth Third Bancorp now owns 822 shares of the company's stock worth $35,000 after buying an additional 360 shares in the last quarter. 96.74% of the stock is currently owned by institutional investors.

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.