Valaris Limited (NYSE:VAL) Receives $56.50 Average PT from Brokerages

Shares of Valaris Limited (NYSE:VAL) have received an average rating of “Reduce” from the eleven analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $56.50.

Several equities research analysts have weighed in on VAL shares. Zacks Research downgraded Valaris from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Pareto Securities lowered shares of Valaris from a “hold” rating to a “sell” rating and set a $80.00 price objective for the company. in a research report on Monday, February 23rd. Citigroup lowered their target price on shares of Valaris from $62.00 to $58.00 and set a “neutral” rating for the company in a research note on Monday, December 22nd. BTIG Research downgraded shares of Valaris from a “buy” rating to a “hold” rating in a research report on Monday, March 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Valaris in a research note on Wednesday, January 21st.

Valaris Stock Up 0.1%

Shares of VAL stock opened at $102.36 on Friday. The stock’s fifty day moving average price is $82.41 and its 200 day moving average price is $63.46. Valaris has a 1-year low of $27.15 and a 1-year high of $104.24. The company has a market cap of $7.09 billion, a price-to-earnings ratio of 7.32 and a beta of 1.06. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.77 and a quick ratio of 1.77.

Hedge Funds Weigh In On Valaris

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its position in 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 acquiring an additional 261 shares during the period. Wexford Capital LP acquired a new position in shares of Valaris in the third quarter valued at about $41,000. Signaturefd LLC raised its stake in shares of Valaris by 22.1% in the fourth quarter. Signaturefd LLC now owns 1,133 shares of the company’s stock worth $57,000 after purchasing an additional 205 shares during the last quarter. Strs Ohio raised its stake in shares of Valaris by 100.0% in the third quarter. Strs Ohio now owns 1,200 shares of the company’s stock worth $59,000 after purchasing an additional 600 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Valaris by 240.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock worth $78,000 after purchasing an additional 1,308 shares during the period. Hedge funds and other 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.