Valaris (NYSE:VAL) Given Neutral Rating at BTIG Research

BTIG Research reissued their neutral rating on shares of Valaris (NYSE:VAL) in a research note published on Monday,Benzinga reports.

Several other research firms also recently commented on VAL. Pareto Securities downgraded shares of Valaris from a “hold” rating to a “sell” rating and set a $80.00 price objective for the company. in a research note on Monday, February 23rd. Zacks Research downgraded Valaris from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Weiss Ratings restated a “hold (c)” rating on shares of Valaris in a research note on Wednesday, January 21st. Finally, Citigroup lowered their price target on Valaris from $62.00 to $58.00 and set a “neutral” rating for the company in a research report on Monday, December 22nd. Ten investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $56.50.

Valaris Stock Up 3.8%

NYSE:VAL opened at $90.85 on Monday. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.34. Valaris has a twelve month low of $27.15 and a twelve month high of $102.19. The company has a market cap of $6.29 billion, a PE ratio of 6.49 and a beta of 1.06. The company’s 50 day moving average is $70.36 and its two-hundred day moving average is $58.96.

Institutional Trading of Valaris

Several large investors have recently made changes to their positions in VAL. Lingotto Investment Management LLP raised its holdings in shares of Valaris by 1.1% during the second quarter. Lingotto Investment Management LLP now owns 3,655,900 shares of the company’s stock worth $153,950,000 after purchasing an additional 38,579 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Valaris by 6.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,234,713 shares of the company’s stock valued at $163,031,000 after purchasing an additional 206,305 shares during the last quarter. Dalal Street LLC boosted its holdings in Valaris by 32.0% in the second quarter. Dalal Street LLC now owns 1,883,777 shares of the company’s stock valued at $79,326,000 after purchasing an additional 456,213 shares during the last quarter. Schf GPE LLC acquired a new stake in Valaris during the 2nd quarter worth about $77,675,000. Finally, Geode Capital Management LLC grew its position in Valaris by 3.4% during the 2nd 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. 96.74% of the stock is owned by hedge funds and other institutional investors.

About Valaris

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.