Valaris (NYSE:VAL) Price Target Raised to $39.00

Valaris (NYSE:VAL - Get Free Report) had its price target raised by stock analysts at Barclays from $37.00 to $39.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's price objective would indicate a potential downside of 21.91% from the stock's current price.

Several other research analysts have also weighed in on VAL. Wall Street Zen raised shares of Valaris to a "sell" rating in a research note on Tuesday, May 13th. 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. Susquehanna lifted their price objective on shares of Valaris from $40.00 to $46.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 1st. Finally, Citigroup reissued a "neutral" rating and set a $50.00 price objective (up previously from $47.00) on shares of Valaris in a research note on Thursday. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $52.50.

Valaris Trading Down 1.2%

Shares of NYSE VAL traded down $0.62 during mid-day trading on Thursday, hitting $49.94. The company's stock had a trading volume of 911,203 shares, compared to its average volume of 1,625,265. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of 11.72 and a beta of 1.15. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.67 and a quick ratio of 1.67. Valaris has a one year low of $27.15 and a one year high of $84.20. The company's fifty day simple moving average is $41.78 and its 200-day simple moving average is $40.68.

Valaris (NYSE:VAL - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($1.63). The business 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%. The firm's revenue was up 6.2% on a year-over-year basis. On average, sell-side analysts anticipate that Valaris will post 3.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of VAL. Lowe Wealth Advisors LLC bought a new position in Valaris in the first quarter valued at approximately $28,000. Quarry LP grew its holdings in shares of Valaris by 51.7% during 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 grew its holdings in shares of Valaris by 518.3% during 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. UMB Bank n.a. bought a new position in shares of Valaris during the first quarter worth about $44,000. Finally, GAMMA Investing LLC grew its holdings 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 buying an additional 1,233 shares in the last quarter. Institutional investors own 96.74% of the company's stock.

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.