Valaris Limited (NYSE:VAL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Valaris Limited (NYSE:VAL) has received an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $81.33.

A number of brokerages recently issued reports on VAL. Citigroup decreased their price objective on shares of Valaris from $95.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, September 12th. Benchmark cut shares of Valaris from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Barclays decreased their price objective on shares of Valaris from $91.00 to $61.00 and set an “overweight” rating on the stock in a research note on Wednesday. Susquehanna decreased their price objective on shares of Valaris from $62.00 to $61.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. Finally, Pickering Energy Partners cut shares of Valaris from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 16th.

Valaris Stock Up 2.5 %

Shares of VAL opened at $50.46 on Friday. The firm’s 50-day simple moving average is $56.27 and its 200 day simple moving average is $66.85. Valaris has a 52 week low of $48.63 and a 52 week high of $84.20. The firm has a market cap of $3.67 billion, a P/E ratio of 3.64 and a beta of 1.15. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.73 and a current ratio of 1.73.

Valaris (NYSE:VAL) last announced its earnings results on Wednesday, July 31st. The company reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $1.07. The firm had revenue of $610.10 million for the quarter, compared to analyst estimates of $545.00 million. Valaris had a net margin of 49.33% and a return on equity of 12.58%. On average, analysts forecast that Valaris will post 4.37 earnings per share for the current year.

Insiders Place Their Bets

In other Valaris news, SVP Matthew Lyne sold 26,000 shares of the business’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $55.77, for a total transaction of $1,450,020.00. Following the sale, the senior vice president now owns 24,388 shares of the company’s stock, valued at approximately $1,360,118.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, SVP Matthew Lyne sold 26,000 shares of Valaris stock in a transaction on Monday, September 30th. The shares were sold at an average price of $55.77, for a total transaction of $1,450,020.00. Following the transaction, the senior vice president now owns 24,388 shares in the company, valued at approximately $1,360,118.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Gilles Luca sold 30,000 shares of Valaris stock in a transaction on Monday, September 9th. The stock was sold at an average price of $56.86, for a total transaction of $1,705,800.00. Following the transaction, the chief operating officer now owns 108,342 shares in the company, valued at approximately $6,160,326.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 71,403 shares of company stock valued at $4,028,246. 0.12% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Valaris

A number of hedge funds have recently modified their holdings of the business. SeaCrest Wealth Management LLC lifted its holdings in shares of Valaris by 1.0% during the first quarter. SeaCrest Wealth Management LLC now owns 16,124 shares of the company’s stock worth $1,213,000 after purchasing an additional 152 shares during the period. Arizona State Retirement System lifted its holdings in Valaris by 1.2% in the second quarter. Arizona State Retirement System now owns 18,244 shares of the company’s stock valued at $1,359,000 after buying an additional 214 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Valaris by 180.8% in the first quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock valued at $27,000 after buying an additional 235 shares during the period. World Equity Group Inc. lifted its holdings in Valaris by 1.9% in the second quarter. World Equity Group Inc. now owns 12,827 shares of the company’s stock valued at $956,000 after buying an additional 238 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in Valaris by 5.0% in the second quarter. Victory Capital Management Inc. now owns 5,080 shares of the company’s stock valued at $378,000 after buying an additional 243 shares during the period. Institutional investors and hedge funds own 96.74% of the company’s stock.

Valaris Company Profile

Valaris Limited, together with its subsidiaries, provides offshore contract drilling services Gulf of Mexico, South America, North Sea, the Middle East, Africa, and the Asia Pacific. The company operates through four segments: Floaters, Jackups, ARO, and Other. It owns an offshore drilling rig fleet, which include drillships, dynamically positioned semisubmersible rigs, moored semisubmersible rig, and jackup rigs.