Valaris (NYSE:VAL) Upgraded at Zacks Research

Zacks Research upgraded shares of Valaris (NYSE:VAL) from a hold rating to a strong-buy rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

Several other research firms also recently weighed in on VAL. Clarkson Capital downgraded Valaris from a “buy” rating to a “neutral” rating and set a $54.00 target price for the company. in a research report on Tuesday, September 2nd. Barclays lifted their price objective on shares of Valaris from $43.00 to $50.00 and gave the company an “equal weight” rating in a report on Wednesday, November 5th. Susquehanna upped their target price on shares of Valaris from $49.00 to $51.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 14th. SEB Equity Research set a $45.50 target price on shares of Valaris in a research report on Monday, September 1st. Finally, Capital One Financial set a $55.00 price target on shares of Valaris in a research note on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Valaris has an average rating of “Hold” and an average target price of $53.56.

Valaris Stock Down 0.4%

Shares of NYSE VAL opened at $50.42 on Tuesday. Valaris has a 1 year low of $27.15 and a 1 year high of $61.70. The firm has a 50-day simple moving average of $54.74 and a two-hundred day simple moving average of $50.63. The company has a market cap of $3.51 billion, a P/E ratio of 8.99 and a beta of 1.18. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.87 and a quick ratio of 1.87.

Valaris (NYSE:VAL) last issued its quarterly earnings results 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. Valaris had a return on equity of 17.27% and a net margin of 16.51%.The firm had revenue of $595.70 million for the quarter, compared to the consensus estimate of $568.41 million. Valaris’s revenue was down 7.4% on a year-over-year basis. Research analysts anticipate that Valaris will post 3.96 earnings per share for the current year.

Hedge Funds Weigh In On Valaris

Large investors have recently bought and sold shares of the business. Blume Capital Management Inc. boosted its position in Valaris by 56.5% during the 2nd quarter. Blume Capital Management Inc. now owns 665 shares of the company’s stock valued at $28,000 after acquiring an additional 240 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Valaris by 50.5% during the 3rd quarter. UMB Bank n.a. now owns 778 shares of the company’s stock worth $38,000 after purchasing an additional 261 shares during the last quarter. Fifth Third Bancorp boosted its position in Valaris by 77.9% during the second quarter. Fifth Third Bancorp now owns 822 shares of the company’s stock valued at $35,000 after purchasing an additional 360 shares in the last quarter. Wexford Capital LP purchased a new position in Valaris in the third quarter valued at about $41,000. Finally, Signaturefd LLC grew its stake in Valaris by 45.4% in the second quarter. Signaturefd LLC now owns 916 shares of the company’s stock valued at $39,000 after purchasing an additional 286 shares during the last quarter. Institutional investors own 96.74% of the company’s stock.

Valaris Company Profile

Valaris PLC is a leading provider of offshore drilling services to the global energy industry. The company operates a diverse fleet of mobile offshore drilling units, including drillships, semisubmersibles and jackup rigs, designed to support exploration and production activities in deepwater, ultra-deepwater and harsh‐environment settings. Valaris serves a wide range of international oil and gas customers, offering turnkey drilling solutions, project management and advanced technology integration to enhance operational efficiency and safety.

Headquartered in Houston, Texas, Valaris maintains a significant presence in key offshore basins around the world.