Valaris Limited (NYSE:VAL) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Valaris Limited (NYSE:VAL) have been assigned a consensus rating of “Hold” from the eleven analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $52.50.

A number of analysts have recently weighed in on VAL shares. Wall Street Zen raised shares of Valaris from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Valaris in a report on Wednesday, October 8th. Barclays increased their price target on Valaris from $43.00 to $50.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 5th. Clarkson Capital cut Valaris from a “buy” rating to a “neutral” rating and set a $54.00 price target on the stock. in a research report on Tuesday, September 2nd. Finally, Fearnley Fonds lowered Valaris from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 30th.

Valaris Trading Up 0.9%

NYSE:VAL opened at $54.13 on Friday. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of 9.65 and a beta of 1.16. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.87 and a current ratio of 1.87. Valaris has a 1 year low of $27.15 and a 1 year high of $58.85. The business has a fifty day moving average of $52.76 and a 200-day moving average of $47.72.

Valaris (NYSE:VAL) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $1.00 by $1.65. The business had revenue of $595.70 million during the quarter, compared to the consensus estimate of $568.41 million. Valaris had a net margin of 16.51% and a return on equity of 17.27%. The business’s revenue was down 7.4% compared to the same quarter last year. Equities analysts predict that Valaris will post 3.96 earnings per share for the current year.

Hedge Funds Weigh In On Valaris

Several hedge funds have recently made changes to their positions in the business. Lingotto Investment Management LLP lifted its stake in Valaris by 1.1% during the second quarter. Lingotto Investment Management LLP now owns 3,655,900 shares of the company’s stock valued at $153,950,000 after purchasing an additional 38,579 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Valaris by 8.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,028,408 shares of the company’s stock valued at $147,699,000 after acquiring an additional 229,956 shares during the last quarter. Dalal Street LLC boosted its stake in shares of Valaris by 32.0% during the 2nd quarter. Dalal Street LLC now owns 1,883,777 shares of the company’s stock worth $79,326,000 after acquiring an additional 456,213 shares in the last quarter. Schf GPE LLC acquired a new position in shares of Valaris in the 2nd quarter worth $77,675,000. Finally, Geode Capital Management LLC raised its position in shares of Valaris by 3.4% during the second quarter. Geode Capital Management LLC now owns 1,592,885 shares of the company’s stock worth $67,084,000 after purchasing an additional 52,367 shares during the period. Institutional investors and hedge funds 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.