Valaris (NYSE:VAL) Given New $98.00 Price Target at Susquehanna

Valaris (NYSE:VAL) had its target price increased by Susquehanna from $96.00 to $98.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

VAL has been the subject of several other research reports. BTIG Research downgraded Valaris from a “buy” rating to a “hold” rating in a research note on Monday, March 9th. Zacks Research downgraded Valaris from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Citigroup cut their price target on Valaris from $62.00 to $58.00 and set a “neutral” rating for the company in a research note on Monday, December 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Valaris in a research note on Wednesday, January 21st. Finally, Pareto Securities downgraded Valaris from a “hold” rating to a “sell” rating and set a $80.00 price target for the company. in a research note on Monday, February 23rd. Ten research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $61.72.

Valaris Stock Up 2.1%

Shares of NYSE:VAL opened at $99.52 on Tuesday. The company has a market capitalization of $6.89 billion, a PE ratio of 7.11 and a beta of 1.04. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.77 and a quick ratio of 1.77. The business has a fifty day moving average price of $88.36 and a two-hundred day moving average price of $65.71. Valaris has a 1 year low of $27.15 and a 1 year high of $105.35.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in VAL. Schf GPE LLC bought a new position in Valaris in the 2nd quarter worth about $77,675,000. American Century Companies Inc. boosted its stake in Valaris by 87.1% in the 3rd quarter. American Century Companies Inc. now owns 1,274,038 shares of the company’s stock worth $62,135,000 after purchasing an additional 592,971 shares during the period. ANTIPODES PARTNERS Ltd boosted its stake in Valaris by 8,034.0% in the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 580,198 shares of the company’s stock worth $28,298,000 after purchasing an additional 573,065 shares during the period. Goehring & Rozencwajg Associates LLC boosted its stake in Valaris by 108.9% in the 3rd quarter. Goehring & Rozencwajg Associates LLC now owns 902,440 shares of the company’s stock worth $44,012,000 after purchasing an additional 470,419 shares during the period. Finally, Norges Bank bought a new position in Valaris in the 4th quarter worth about $23,581,000. 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.