Valaris (VAL) Stock Price, News & Analysis

Company Overview

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. It serves international, government-owned, and independent oil and gas. Valaris Limited was founded in 1975 and is based in Hamilton, Bermuda.

Key Stats

• Today's Range: $55.28 to $56.36
• 50-Day Range: $54.39 to $79.98
• 52-Week Range: $53.06 to $84.20
• Volume: 1.97 million shs
• Average Volume: 991,240 shs
• Market Capitalization: $4.01 billion
• P/E Ratio: 4.84
• Dividend Yield: N/A
• Price Target: $91.40
• Consensus Rating: Moderate Buy

Valaris Stock Analysis - MarketRank™

Valaris scored higher than 79% of companies evaluated by MarketBeat, and ranked 113th out of 250 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Valaris has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Valaris has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 155.61%

Earnings Growth

Earnings for Valaris are expected to grow by 155.61% in the coming year, from $4.37 to $11.17 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Valaris is 4.88, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.83.

Price to Earnings Ratio vs. Sector

The P/E ratio of Valaris is 4.88, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.02.

Price to Book Value per Share Ratio

Valaris has a P/B Ratio of 2.04. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

13.35% of the float of Valaris has been sold short.

Short Interest Ratio / Days to Cover

Valaris has a short interest ratio ("days to cover") of 7.7.

Change versus previous month

Short interest in Valaris has recently increased by 8.86%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Valaris does not currently pay a dividend.

Dividend Growth

Valaris does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Valaris is 12.95%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Valaris will have a dividend payout ratio of 13.25% next year. This indicates that Valaris will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

13.35% of the float of Valaris has been sold short.

Short Interest Ratio / Days to Cover

Valaris has a short interest ratio ("days to cover") of 7.7.

Change versus previous month

Short interest in Valaris has recently increased by 8.86%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: 0.31

News Sentiment

Valaris has a news sentiment score of 0.31. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.55 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Valaris this week, compared to 3 articles on an average week.

Search Interest

Only 5 people have searched for VAL on MarketBeat in the last 30 days. This is a decrease of -44% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Valaris to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Valaris insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,578,226.00 in company stock.

Percentage Held by Insiders

Only 0.12% of the stock of Valaris is held by insiders.

Percentage Held by Institutions

96.74% of the stock of Valaris is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

VAL Stock Analysis - Frequently Asked Questions

How have VAL shares performed this year?

Valaris' stock was trading at $68.57 on January 1st, 2024. Since then, VAL shares have decreased by 18.6% and is now trading at $55.80.
View the best growth stocks for 2024 here.

How were Valaris' earnings last quarter?

Valaris Limited (NYSE:VAL) posted its quarterly earnings results on Wednesday, July, 31st. The company reported $2.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.96 by $1.07. The business had revenue of $610.10 million for the quarter, compared to analysts' expectations of $545 million. Valaris had a trailing twelve-month return on equity of 12.58% and a net margin of 49.33%.

Who are Valaris' major shareholders?

Top institutional investors of Valaris include Lingotto Investment Management LLP (4.20%), Marshall Wace LLP (2.60%), Lodbrok Capital LLP (2.45%) and Dimensional Fund Advisors LP (1.63%). Insiders that own company stock include Hill Advisors Lp Oak, Gilles Luca, Colleen Grable, Davor Vukadin and Davor Vukadin.
View institutional ownership trends.

How do I buy shares of Valaris?

Shares of VAL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Valaris own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Valaris investors own include Callon Petroleum (CPE), Transocean (RIG), Bank of America (BAC), Oasis Petroleum (OAS), Exxon Mobil (XOM), Energy Transfer (ET) and Pfizer (PFE).

Company Calendar

• Last Earnings: 7/31/2024
• Today: 9/20/2024
• Next Earnings (Estimated): 11/04/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Drilling oil & gas wells
• Sub-Industry: N/A
• Current Symbol: NYSE:VAL
• CUSIP: N/A
• CIK: 314808
• Web: www.valaris.com
• Phone: 44-0-20-7659-4660
• Fax: N/A
• Employees: 5,985
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $91.40
• High Stock Price Target: $105.00
• Low Stock Price Target: $71.00
• Potential Upside/Downside: +63.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.83
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $11.43
• Trailing P/E Ratio: 4.88
• Forward P/E Ratio: 12.76
• P/E Growth: N/A
• Net Income: $865.40 million
• Net Margins: 49.33%
• Pretax Margin: 10.86%
• Return on Equity: 12.58%
• Return on Assets: 5.63%

Debt

• Debt-to-Equity Ratio: 0.49
• Current Ratio: 1.73
• Quick Ratio: 1.73

Sales & Book Value

• Annual Sales: $2.07 billion
• Price / Sales: 1.95
• Cash Flow: $2.55 per share
• Price / Cash Flow: 21.88
• Book Value: $27.40 per share
• Price / Book: 2.03

Miscellaneous

• Outstanding Shares: 72,411,000
• Free Float: 72,324,000
• Market Cap: $4.04 billion
• Optionable: Optionable
• Beta: 1.17