Susquehanna Lowers Valaris (NYSE:VAL) Price Target to $34.00

Valaris (NYSE:VAL) had its target price dropped by analysts at Susquehanna from $47.00 to $34.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Susquehanna’s price objective suggests a potential upside of 7.22% from the stock’s previous close.

VAL has been the topic of several other research reports. Citigroup reduced their price target on shares of Valaris from $48.00 to $44.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 19th. StockNews.com upgraded shares of Valaris to a “sell” rating in a research note on Thursday, February 20th. Evercore ISI lowered Valaris from an “outperform” rating to an “in-line” rating and decreased their target price for the company from $87.00 to $59.00 in a report on Wednesday, January 15th. Finally, Barclays lowered their target price on Valaris from $46.00 to $35.00 and set an “equal weight” rating for the company in a research note on Monday, April 7th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $50.33.

Valaris Trading Up 0.3 %

NYSE VAL traded up $0.09 during trading hours on Monday, reaching $31.71. The company had a trading volume of 360,200 shares, compared to its average volume of 1,443,169. Valaris has a 1-year low of $27.15 and a 1-year high of $84.20. The stock has a market capitalization of $2.25 billion, a P/E ratio of 6.17 and a beta of 1.06. The stock has a 50-day moving average of $38.72 and a 200 day moving average of $44.73. The company has a current ratio of 1.59, a quick ratio of 1.61 and a debt-to-equity ratio of 0.48.

Valaris (NYSE:VAL) last posted its earnings results on Wednesday, February 19th. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.68. Valaris had a net margin of 15.81% and a return on equity of 17.40%. The firm had revenue of $584.40 million during the quarter, compared to the consensus estimate of $578.01 million. As a group, research analysts anticipate that Valaris will post 3.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Valaris

Several hedge funds and other institutional investors have recently made changes to their positions in VAL. UMB Bank n.a. acquired a new position in Valaris in the first quarter valued at approximately $44,000. Fermata Advisors LLC grew its position in shares of Valaris by 19.9% in the 1st quarter. Fermata Advisors LLC now owns 5,632 shares of the company’s stock valued at $221,000 after buying an additional 936 shares during the last quarter. NBC Securities Inc. raised its stake in Valaris by 124,309.1% during the 1st quarter. NBC Securities Inc. now owns 13,685 shares of the company’s stock worth $537,000 after acquiring an additional 13,674 shares in the last quarter. 180 Wealth Advisors LLC lifted its position in Valaris by 77.1% in the first quarter. 180 Wealth Advisors LLC now owns 16,376 shares of the company’s stock valued at $643,000 after acquiring an additional 7,128 shares during the last quarter. Finally, Lowe Wealth Advisors LLC purchased a new position in Valaris during the 1st quarter worth approximately $28,000. Institutional investors and hedge funds 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.