Valaris Limited (NYSE:VAL) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Valaris Limited (NYSE:VAL - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the seven research firms that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $86.33.

VAL has been the subject of several research analyst reports. Susquehanna reduced their target price on shares of Valaris from $62.00 to $61.00 and set a "neutral" rating for the company in a report on Friday, October 11th. Barclays lowered their price objective on shares of Valaris from $98.00 to $91.00 and set an "overweight" rating for the company in a research report on Friday, August 9th. Benchmark cut shares of Valaris from a "buy" rating to a "hold" rating in a research report on Tuesday. Citigroup reduced their target price on shares of Valaris from $95.00 to $71.00 and set a "buy" rating on the stock in a report on Thursday, September 12th. Finally, Pickering Energy Partners lowered shares of Valaris from an "outperform" rating to a "neutral" rating in a report on Tuesday, July 16th.

Valaris Stock Performance

VAL stock traded down $0.70 during trading hours on Friday, reaching $51.23. The stock had a trading volume of 1,007,729 shares, compared to its average volume of 1,010,871. The stock has a 50-day simple moving average of $57.11 and a 200 day simple moving average of $67.41. Valaris has a fifty-two week low of $49.62 and a fifty-two week high of $84.20. The stock has a market capitalization of $3.71 billion, a PE ratio of 4.48 and a beta of 1.15. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.73 and a quick ratio of 1.73.

Valaris (NYSE:VAL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $2.03 EPS for the quarter, beating analysts' consensus estimates of $0.96 by $1.07. The company had revenue of $610.10 million during the quarter, compared to the consensus estimate of $545.00 million. Valaris had a net margin of 49.33% and a return on equity of 12.58%. Analysts predict that Valaris will post 4.37 EPS for the current fiscal year.

Insider Activity at Valaris

In related news, COO Gilles Luca sold 30,000 shares of the business's stock in a transaction on Monday, September 9th. The shares were 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 $6,160,326.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related 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 transaction, the senior vice president now owns 24,388 shares in the company, valued at $1,360,118.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Gilles Luca sold 30,000 shares of the company's 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. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 71,403 shares of company stock worth $4,028,246 in the last quarter. Company insiders own 0.12% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of VAL. EverSource Wealth Advisors LLC raised its holdings in Valaris by 180.8% during the first quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company's stock worth $27,000 after buying an additional 235 shares during the last quarter. Headlands Technologies LLC acquired a new position in Valaris during the first quarter worth $149,000. Choreo LLC acquired a new position in Valaris during the second quarter worth $204,000. Evergreen Capital Management LLC acquired a new position in Valaris during the second quarter worth $204,000. Finally, Scientech Research LLC acquired a new position in Valaris during the second quarter worth $211,000. 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.