Valaris Limited (NYSE:VAL) Receives $55.00 Average Price Target from Analysts

Shares of Valaris Limited (NYSE:VAL) have received a consensus recommendation of “Reduce” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $54.33.

A number of equities research analysts have issued reports on the company. Susquehanna reduced their price target on Valaris from $50.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. JPMorgan Chase & Co. assumed coverage on Valaris in a research report on Friday, December 6th. They issued an “underweight” rating and a $40.00 price target on the stock. Citigroup reduced their price target on Valaris from $48.00 to $44.00 and set a “neutral” rating on the stock in a research report on Wednesday. StockNews.com raised Valaris to a “sell” rating in a research report on Thursday, February 20th. Finally, Barclays reduced their price target on Valaris from $49.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 25th.

Valaris Price Performance

VAL opened at $40.01 on Monday. The stock’s 50-day moving average price is $43.29 and its 200 day moving average price is $47.39. Valaris has a 12-month low of $31.15 and a 12-month high of $84.20. The company has a current ratio of 1.59, a quick ratio of 1.61 and a debt-to-equity ratio of 0.48. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 7.78 and a beta of 1.16.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Quarry LP purchased a new position in shares of Valaris in the 3rd quarter valued at about $25,000. Sterling Capital Management LLC grew its stake 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 buying an additional 622 shares during the last quarter. Signaturefd LLC grew its stake in Valaris by 395.0% during the 4th quarter. Signaturefd LLC now owns 1,475 shares of the company’s stock worth $65,000 after buying an additional 1,177 shares during the last quarter. Blue Trust Inc. grew its stake in Valaris by 41.0% during the 4th quarter. Blue Trust Inc. now owns 1,758 shares of the company’s stock worth $78,000 after buying an additional 511 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its stake in Valaris by 326.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,874 shares of the company’s stock worth $83,000 after buying an additional 1,435 shares during the last quarter. Hedge funds and other 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.