Valaris (NYSE:VAL) Upgraded by StockNews.com to “Sell”

Valaris (NYSE:VAL) was upgraded by equities researchers at StockNews.com to a “sell” rating in a research note issued on Friday.

Several other equities research analysts have also commented on the stock. Barclays decreased their price objective on shares of Valaris from $105.00 to $102.00 and set an “overweight” rating for the company in a research note on Tuesday, March 5th. Evercore ISI decreased their price objective on shares of Valaris from $107.00 to $105.00 and set an “outperform” rating for the company in a research note on Friday, February 23rd. Finally, TheStreet raised shares of Valaris from a “c” rating to a “b-” rating in a research report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.00.

Valaris Trading Up 0.4 %

NYSE:VAL opened at $67.76 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.71 and a current ratio of 1.71. The firm has a market cap of $4.91 billion, a price-to-earnings ratio of 5.80 and a beta of 1.13. Valaris has a 52 week low of $54.13 and a 52 week high of $78.92. The firm has a 50-day moving average price of $69.58 and a two-hundred day moving average price of $68.11.

Valaris (NYSE:VAL) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.29 by $0.32. The firm had revenue of $483.80 million during the quarter, compared to analyst estimates of $484.00 million. Valaris had a net margin of 48.50% and a return on equity of 5.71%. On average, equities analysts expect that Valaris will post 4.75 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. SeaCrest Wealth Management LLC boosted its holdings in Valaris by 1.0% in the 1st quarter. SeaCrest Wealth Management LLC now owns 16,124 shares of the company’s stock worth $1,213,000 after buying an additional 152 shares during the period. Xponance Inc. boosted its holdings in Valaris by 1.9% in the 3rd quarter. Xponance Inc. now owns 9,023 shares of the company’s stock worth $677,000 after buying an additional 172 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in Valaris by 2.5% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 6,940 shares of the company’s stock worth $520,000 after buying an additional 172 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in Valaris by 3.4% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 5,731 shares of the company’s stock worth $430,000 after buying an additional 186 shares during the period. Finally, Smith Anglin Financial LLC boosted its holdings in Valaris by 5.4% in the 1st quarter. Smith Anglin Financial LLC now owns 3,740 shares of the company’s stock worth $281,000 after buying an additional 190 shares during the period. 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.