Valaris Limited (NYSE:VAL) Receives $52.50 Average Price Target from Analysts

Shares of Valaris Limited (NYSE:VAL) have been given an average rating of “Reduce” by the seven analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $50.33.

VAL has been the subject of several analyst reports. StockNews.com raised Valaris to a “sell” rating in a report on Thursday, February 20th. Susquehanna decreased their target price on shares of Valaris from $47.00 to $34.00 and set a “neutral” rating on the stock in a report on Monday. Barclays cut their price target on shares of Valaris from $46.00 to $35.00 and set an “equal weight” rating for the company in a report on Monday, April 7th. Citigroup lowered their price objective on shares of Valaris from $48.00 to $44.00 and set a “neutral” rating for the company in a research report on Wednesday, March 19th. Finally, Evercore ISI lowered Valaris from an “outperform” rating to an “in-line” rating and decreased their price target for the company from $87.00 to $59.00 in a research note on Wednesday, January 15th.

Valaris Stock Performance

Shares of NYSE VAL opened at $31.90 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.59 and a quick ratio of 1.61. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 6.21 and a beta of 1.06. The stock’s fifty day moving average price is $37.44 and its two-hundred day moving average price is $44.19. Valaris has a one year low of $27.15 and a one year high of $84.20.

Valaris (NYSE:VAL) last released its quarterly earnings results on Wednesday, February 19th. The company reported $1.88 EPS 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 business had revenue of $584.40 million for the quarter, compared to the consensus estimate of $578.01 million. On average, equities analysts forecast that Valaris will post 3.96 EPS for the current year.

Institutional Investors Weigh In On Valaris

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP acquired a new stake in shares of Valaris during the third quarter valued at about $25,000. Lowe Wealth Advisors LLC bought a new position in Valaris in the 1st quarter valued at approximately $28,000. Sterling Capital Management LLC grew its holdings in Valaris by 518.3% during the 4th quarter. Sterling Capital Management LLC now owns 742 shares of the company’s stock worth $33,000 after acquiring an additional 622 shares during the last quarter. UMB Bank n.a. acquired a new position in Valaris in the 1st quarter valued at approximately $44,000. Finally, GAMMA Investing LLC increased its position in Valaris by 1,027.5% in the 1st quarter. GAMMA Investing LLC now owns 1,353 shares of the company’s stock valued at $53,000 after acquiring an additional 1,233 shares during the period. Institutional investors own 96.74% of the company’s stock.

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.