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

Valaris Limited (NYSE:VAL - Get Free Report) has been given a consensus rating of "Reduce" by the seven brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $49.67.

VAL has been the topic of several research analyst reports. Citigroup reissued a "neutral" rating and issued a $47.00 price objective (up from $44.00) on shares of Valaris in a research report on Wednesday, June 18th. Wall Street Zen raised shares of Valaris to a "sell" rating in a research report on Tuesday, May 13th. Evercore ISI dropped 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 report on Friday, May 2nd. Susquehanna dropped their price objective 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. Finally, Barclays increased their price objective on shares of Valaris from $35.00 to $37.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th.

Hedge Funds Weigh In On Valaris

Several hedge funds have recently bought and sold shares of VAL. Private Advisor Group LLC increased its holdings in Valaris by 22.1% in the 4th quarter. Private Advisor Group LLC now owns 6,747 shares of the company's stock valued at $298,000 after buying an additional 1,223 shares during the period. Bank of New York Mellon Corp increased its holdings in Valaris by 20.6% in the 4th quarter. Bank of New York Mellon Corp now owns 581,106 shares of the company's stock valued at $25,708,000 after buying an additional 99,297 shares during the period. Lingotto Investment Management LLP boosted its stake in shares of Valaris by 2.5% in the 4th quarter. Lingotto Investment Management LLP now owns 3,637,207 shares of the company's stock valued at $160,910,000 after purchasing an additional 87,420 shares in the last quarter. Hosking Partners LLP boosted its stake in shares of Valaris by 33.6% in the 4th quarter. Hosking Partners LLP now owns 341,842 shares of the company's stock valued at $15,123,000 after purchasing an additional 85,891 shares in the last quarter. Finally, State of Michigan Retirement System boosted its stake in shares of Valaris by 3.3% in the 4th quarter. State of Michigan Retirement System now owns 15,500 shares of the company's stock valued at $686,000 after purchasing an additional 500 shares in the last quarter. 96.74% of the stock is owned by institutional investors.

Valaris Stock Performance

Shares of VAL traded down $0.22 during trading hours on Wednesday, hitting $41.94. The company had a trading volume of 2,630,459 shares, compared to its average volume of 1,601,331. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 9.84 and a beta of 1.13. The business has a fifty day moving average of $38.99 and a 200-day moving average of $40.35. Valaris has a 12 month low of $27.15 and a 12 month high of $84.20. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.49.

Valaris (NYSE:VAL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of $1.10 by ($1.63). The company had revenue of $620.70 million during the quarter, compared to the consensus estimate of $582.87 million. Valaris had a net margin of 12.61% and a return on equity of 14.14%. Valaris's revenue was up 6.2% compared to the same quarter last year. Equities analysts anticipate 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.