Valaris (NYSE:VAL) Given "Hold (C)" Rating at Weiss Ratings

Key Points

• Valaris has received a "hold (c)" rating from Weiss Ratings, with various analysts adjusting their price targets, ranging from $54.00 to $55.00.
• The company reported earnings per share of $1.61, surpassing estimates, with a year-over-year revenue increase of 0.8% to $615.20 million.
• Currently, Valaris stock has a consensus rating of "Reduce" with an average target price of $48.81.

Valaris (NYSE:VAL - Get Free Report)'s stock had its "hold (c)" rating restated by stock analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

A number of other equities analysts have also commented on the company. Clarkson Capital lowered Valaris from a "buy" rating to a "neutral" rating and set a $54.00 price target for the company. in a report on Tuesday, September 2nd. Capital One Financial set a $55.00 price objective on Valaris in a report on Monday, September 15th. Susquehanna raised their target price on Valaris from $46.00 to $52.00 and gave the stock a "neutral" rating in a research note on Friday, August 1st. Zacks Research cut Valaris from a "hold" rating to a "strong sell" rating in a research report on Monday. Finally, Citigroup lifted their target price on shares of Valaris from $50.00 to $55.00 and gave the company a "neutral" rating in a report on Wednesday. One equities research analyst has rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and an average target price of $48.81.

Valaris Stock Performance

Shares of VAL stock traded down $0.68 during trading on Wednesday, hitting $51.58. The company's stock had a trading volume of 613,717 shares, compared to its average volume of 1,648,454. The company has a market cap of $3.67 billion, a PE ratio of 13.43 and a beta of 1.15. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.46. The business has a fifty day moving average of $49.28 and a 200-day moving average of $43.21. Valaris has a 52 week low of $27.15 and a 52 week high of $54.17.

Valaris (NYSE:VAL - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $1.61 earnings per share (EPS) for the quarter, beating 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 company had revenue of $615.20 million during the quarter, compared to analyst estimates of $582.70 million. During the same period in the prior year, the company posted $2.03 earnings per share. Valaris's quarterly revenue was up .8% on a year-over-year basis. As a group, research analysts anticipate that Valaris will post 3.96 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Blume Capital Management Inc. lifted its holdings in shares of Valaris by 56.5% in the 2nd quarter. Blume Capital Management Inc. now owns 665 shares of the company's stock valued at $28,000 after acquiring an additional 240 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of Valaris by 77.9% during the second quarter. Fifth Third Bancorp now owns 822 shares of the company's stock valued at $35,000 after acquiring an additional 360 shares in the last quarter. Signaturefd LLC raised its stake in shares of Valaris by 45.4% during the second quarter. Signaturefd LLC now owns 916 shares of the company's stock valued at $39,000 after acquiring an additional 286 shares in the last quarter. UMB Bank n.a. bought a new stake in shares of Valaris during the first quarter valued at approximately $44,000. Finally, Hantz Financial Services Inc. raised its stake in shares of Valaris by 13,400.0% during the second quarter. Hantz Financial Services Inc. now owns 1,215 shares of the company's stock valued at $51,000 after acquiring an additional 1,206 shares in the last quarter. Institutional investors own 96.74% of the company's stock.

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.

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