Valaris (NYSE:VAL) Receives "Hold (C)" Rating from Weiss Ratings

Key Points

• Valaris (NYSE:VAL) has received a reaffirmed "hold (c)" rating from Weiss Ratings, indicating a cautious stance on the stock's performance.
• Multiple analysts have set various price targets for Valaris, with a consensus target price of $48.69 and a general rating of "Reduce."
• Valaris' stock has recently traded around $57.22 and reported a net margin of 11.18% for the last quarter, exceeding earnings estimates with a revenue of $615.20 million.

Valaris (NYSE:VAL - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by equities researchers at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

Other equities analysts have also recently issued research reports about the company. SEB Equity Research set a $45.50 price objective on Valaris in a report on Monday, September 1st. Barclays lifted their price target on shares of Valaris from $37.00 to $39.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. Citigroup increased their price objective 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. Capital One Financial set a $55.00 price objective on shares of Valaris in a research report on Monday, September 15th. Finally, Susquehanna upped their target price on shares of Valaris from $49.00 to $51.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus target price of $48.69.

Valaris Trading Up 1.6%

Shares of NYSE VAL traded up $0.91 during midday trading on Friday, reaching $57.22. 1,285,154 shares of the stock were exchanged, compared to its average volume of 1,622,046. Valaris has a 12 month low of $27.15 and a 12 month high of $58.14. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of 14.89 and a beta of 1.15. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.81 and a quick ratio of 1.81. The business has a 50-day simple moving average of $49.90 and a two-hundred day simple moving average of $44.16.

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 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 business had revenue of $615.20 million for the quarter, compared to the consensus estimate of $582.70 million. During the same quarter last year, the business posted $2.03 EPS. The firm's revenue was up .8% compared to the same quarter last year. As a group, equities research analysts expect that Valaris will post 3.96 EPS for the current year.

Institutional Investors Weigh In On Valaris

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bayforest Capital Ltd increased its position in shares of Valaris by 106.1% in the third quarter. Bayforest Capital Ltd now owns 14,015 shares of the company's stock valued at $684,000 after acquiring an additional 7,214 shares during the last quarter. Philip James Wealth Mangement LLC acquired a new position in shares of Valaris during the 3rd quarter worth approximately $312,000. Steinberganna Wealth Management bought a new stake in shares of Valaris during the 3rd quarter worth approximately $257,000. Foster & Motley Inc. acquired a new stake in shares of Valaris in the 3rd quarter valued at approximately $211,000. Finally, Altfest L J & Co. Inc. bought a new position in shares of Valaris in the third quarter valued at $719,000. 96.74% of the stock is owned by institutional investors.

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.