Brokerages Set Valaris Limited (NYSE:VAL) Target Price at $47.21

Valaris Limited (NYSE:VAL) has received an average rating of “Hold” from the ten ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $47.2143.

VAL has been the subject of a number of analyst reports. Barclays lifted their target price on shares of Valaris from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 10th. Citigroup reiterated a “neutral” rating and set a $50.00 price target (up from $47.00) on shares of Valaris in a report on Thursday, July 10th. SEB Equity Research set a $45.50 price objective on Valaris in a research report on Monday, September 1st. Fearnley Fonds downgraded Valaris from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Finally, Zacks Research upgraded Valaris from a “strong sell” rating to a “hold” rating in a research report on Friday, September 5th.

Valaris Stock Performance

Shares of VAL stock opened at $52.54 on Monday. The stock has a market capitalization of $3.74 billion, a PE ratio of 13.68 and a beta of 1.17. The business’s 50 day simple moving average is $48.23 and its 200 day simple moving average is $41.34. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.81 and a quick ratio of 1.81. Valaris has a one year low of $27.15 and a one year high of $57.90.

Valaris (NYSE:VAL) last released its quarterly earnings results on Wednesday, July 30th. The company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.45. The firm had revenue of $615.20 million during the quarter, compared to analyst estimates of $582.70 million. Valaris had a net margin of 11.18% and a return on equity of 12.36%. The company’s revenue was up .8% compared to the same quarter last year. During the same quarter last year, the business earned $2.03 EPS. As a group, research analysts forecast that Valaris will post 3.96 earnings per share for the current year.

Institutional Trading of Valaris

Several large investors have recently modified their holdings of VAL. Schf GPE LLC acquired a new position in shares of Valaris during the 2nd quarter valued at $77,675,000. Dalal Street LLC acquired a new stake in Valaris in the first quarter worth $56,046,000. Tensile Capital Management LP bought a new stake in Valaris in the first quarter valued at $25,912,000. American Century Companies Inc. raised its holdings in shares of Valaris by 491.1% during the second quarter. American Century Companies Inc. now owns 681,067 shares of the company’s stock valued at $28,680,000 after purchasing an additional 565,856 shares during the period. Finally, Moerus Capital Management LLC acquired a new position in shares of Valaris during the first quarter valued at about $18,314,000. 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.