Valaris (NYSE:VAL) Downgraded by Pareto Securities to “Sell”

Pareto Securities lowered shares of Valaris (NYSE:VAL) from a hold rating to a sell rating in a research report report published on Monday morning, Marketbeat Ratings reports. Pareto Securities currently has $80.00 price objective on the stock.

VAL has been the topic of a number of other reports. Citigroup dropped their price objective on shares of Valaris from $62.00 to $58.00 and set a “neutral” rating on the stock in a research note on Monday, December 22nd. Zacks Research lowered Valaris from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Weiss Ratings restated a “hold (c)” rating on shares of Valaris in a research report on Wednesday, January 21st. BTIG Research increased their price objective on Valaris from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, Barclays lifted their target price on Valaris from $43.00 to $50.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 5th. One analyst has rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Valaris presently has an average rating of “Hold” and an average target price of $56.50.

Valaris Stock Performance

Shares of Valaris stock opened at $93.47 on Monday. The firm’s fifty day simple moving average is $61.75 and its 200-day simple moving average is $55.67. Valaris has a 12 month low of $27.15 and a 12 month high of $102.20. The stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of 6.68 and a beta of 1.18. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.77 and a quick ratio of 1.87.

Institutional Investors Weigh In On Valaris

A number of hedge funds and other institutional investors have recently bought and sold shares of VAL. Virtu Financial LLC acquired a new position in shares of Valaris during the 4th quarter worth $580,000. Invesco Ltd. lifted its stake in shares of Valaris by 7.6% in the fourth quarter. Invesco Ltd. now owns 510,426 shares of the company’s stock valued at $25,725,000 after purchasing an additional 36,001 shares during the period. Corient Private Wealth LLC boosted its holdings in Valaris by 82.9% during the fourth quarter. Corient Private Wealth LLC now owns 14,235 shares of the company’s stock worth $708,000 after buying an additional 6,450 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in Valaris during the fourth quarter worth about $202,000. Finally, Empowered Funds LLC acquired a new position in Valaris during the fourth quarter worth about $1,324,000. Institutional investors and hedge funds own 96.74% of the company’s stock.

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.