Valaris Limited (NYSE:VAL) Receives Average Recommendation of "Reduce" from Analysts

Shares of Valaris Limited (NYSE:VAL - Get Free Report) have been assigned an average rating of "Reduce" from the seven analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $49.67.

A number of research firms recently commented on VAL. Barclays raised 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. Susquehanna lowered 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. Evercore ISI reduced their price objective on shares of Valaris from $55.00 to $50.00 and set an "in-line" rating on the stock in a research note on Friday, May 2nd. Wall Street Zen upgraded shares of Valaris to a "sell" rating in a research note on Tuesday, May 13th. Finally, Citigroup reiterated a "neutral" rating and set a $47.00 price objective (up from $44.00) on shares of Valaris in a research note on Wednesday, June 18th.

Institutional Investors Weigh In On Valaris

Large investors have recently bought and sold shares of the company. Lowe Wealth Advisors LLC acquired a new stake in shares of Valaris in the 1st quarter valued at approximately $28,000. Quarry LP boosted its stake in shares of Valaris by 51.7% in the 4th quarter. Quarry LP now owns 684 shares of the company's stock valued at $30,000 after purchasing an additional 233 shares in the last quarter. Sterling Capital Management LLC boosted 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 purchasing an additional 622 shares in the last quarter. UMB Bank n.a. acquired a new stake in shares of Valaris in the 1st quarter valued at approximately $44,000. Finally, GAMMA Investing LLC boosted its stake in shares of Valaris by 1,027.5% in the 1st quarter. GAMMA Investing LLC now owns 1,353 shares of the company's stock valued at $53,000 after purchasing an additional 1,233 shares in the last quarter. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Valaris Price Performance

NYSE:VAL opened at $41.76 on Wednesday. Valaris has a 52 week low of $27.15 and a 52 week high of $84.20. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of 9.80 and a beta of 1.13. The firm's 50-day simple moving average is $38.35 and its 200 day simple moving average is $40.41. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.67 and a current ratio of 1.67.

Valaris (NYSE:VAL - Get Free Report) last released its quarterly 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 return on equity of 14.14% and a net margin of 12.61%. The business had revenue of $620.70 million for the quarter, compared to the consensus estimate of $582.87 million. The firm's revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, sell-side analysts predict that Valaris will post 3.96 earnings per share for the current 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.

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.