Valaris Limited (NYSE:VAL) Receives Consensus Rating of “Hold” from Analysts

Valaris Limited (NYSE:VAL) has received a consensus rating of “Hold” from the eleven ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $56.50.

Several equities research analysts have recently issued reports on VAL shares. Weiss Ratings restated a “hold (c)” rating on shares of Valaris in a research note on Wednesday, January 21st. Pareto Securities downgraded shares of Valaris from a “hold” rating to a “sell” rating and set a $80.00 price target for the company. in a report on Monday, February 23rd. Citigroup decreased their price target on shares of Valaris from $62.00 to $58.00 and set a “neutral” rating on the stock in a research report on Monday, December 22nd. Zacks Research lowered shares of Valaris from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Finally, Barclays increased their target price on shares of Valaris from $43.00 to $50.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 5th.

Valaris Stock Performance

VAL opened at $95.96 on Monday. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.34. The stock’s 50 day moving average price is $65.39 and its two-hundred day moving average price is $57.03. The firm has a market capitalization of $6.64 billion, a P/E ratio of 6.86 and a beta of 1.06. Valaris has a 12-month low of $27.15 and a 12-month high of $102.19.

Institutional Trading of Valaris

Several institutional investors have recently modified their holdings of the company. ANTIPODES PARTNERS Ltd boosted its position in shares of Valaris by 8,034.0% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 580,198 shares of the company’s stock valued at $28,298,000 after acquiring an additional 573,065 shares in the last quarter. Trek Financial LLC bought a new position in Valaris during the third quarter worth about $3,305,000. Hara Capital LLC lifted its stake in Valaris by 29.1% during the second quarter. Hara Capital LLC now owns 173,382 shares of the company’s stock worth $7,301,000 after purchasing an additional 39,055 shares during the period. Third Avenue Management LLC boosted its holdings in Valaris by 2.8% during the second quarter. Third Avenue Management LLC now owns 585,921 shares of the company’s stock valued at $24,673,000 after purchasing an additional 16,082 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Valaris in the 2nd quarter valued at approximately $17,748,000. Institutional investors and hedge funds 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.