Valaris Limited (NYSE:VAL - Get Free Report) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $56.93 and last traded at $56.50, with a volume of 3150184 shares traded. The stock had previously closed at $49.51.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Valaris in a research report on Wednesday, October 8th. Zacks Research lowered shares of Valaris from a "hold" rating to a "strong sell" rating in a research report on Monday, October 6th. Susquehanna raised their price target on shares of Valaris from $49.00 to $51.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 14th. SEB Equity Research set a $45.50 price target on shares of Valaris in a research report on Monday, September 1st. Finally, Citigroup raised their price target on shares of Valaris from $50.00 to $55.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average target price of $48.69.
View Our Latest Research Report on VAL
Valaris Stock Up 14.1%
The firm has a market cap of $4.02 billion, a price-to-earnings ratio of 14.71 and a beta of 1.15. The business's 50 day moving average price is $49.90 and its 200 day moving average price is $44.16. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.81 and a current ratio of 1.81.
Valaris (NYSE:VAL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.61 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.45. The business had revenue of $615.20 million for the quarter, compared to analysts' expectations of $582.70 million. Valaris had a net margin of 11.18% and a return on equity of 12.36%. The business's revenue was up .8% on a year-over-year basis. During the same quarter last year, the company earned $2.03 EPS. On average, equities analysts forecast that Valaris Limited will post 3.96 EPS for the current year.
Institutional Investors Weigh In On Valaris
A number of institutional investors have recently added to or reduced their stakes in the stock. Steinberganna Wealth Management acquired a new stake in Valaris in the 3rd quarter valued at $257,000. Foster & Motley Inc. acquired a new stake in Valaris in the 3rd quarter valued at $211,000. Altfest L J & Co. Inc. acquired a new stake in Valaris in the 3rd quarter valued at $719,000. 180 Wealth Advisors LLC grew its stake in Valaris by 12.9% in the 3rd quarter. 180 Wealth Advisors LLC now owns 30,804 shares of the company's stock valued at $1,502,000 after acquiring an additional 3,522 shares during the period. Finally, Tactive Advisors LLC acquired a new stake in Valaris in the 3rd quarter valued at $257,000. Institutional investors and hedge funds own 96.74% of the company's stock.
About Valaris
(
Get Free Report)
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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