Valaris Limited (NYSE:VAL) Receives Average Recommendation of "Reduce" from Analysts

Valaris Limited (NYSE:VAL - Get Free Report) has been assigned an average rating of "Reduce" from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $56.67.

Several equities research analysts have recently issued reports on the stock. Benchmark downgraded shares of Valaris from a "buy" rating to a "hold" rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. assumed coverage on shares of Valaris in a research note on Friday, December 6th. They set an "underweight" rating and a $40.00 target price for the company. Evercore ISI cut shares of Valaris from an "outperform" rating to an "in-line" rating and cut their target price for the company from $87.00 to $59.00 in a research note on Wednesday, January 15th. Citigroup cut shares of Valaris from a "buy" rating to a "neutral" rating and cut their target price for the company from $58.00 to $47.00 in a research note on Monday, December 9th. Finally, Susquehanna cut their target price on shares of Valaris from $61.00 to $55.00 and set a "neutral" rating for the company in a research note on Friday, November 1st.

Valaris Stock Up 0.8 %

Shares of NYSE VAL traded up $0.40 during mid-day trading on Friday, reaching $49.01. 871,769 shares of the company traded hands, compared to its average volume of 1,272,162. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.61 and a current ratio of 1.61. The stock has a market cap of $3.49 billion, a PE ratio of 3.37 and a beta of 1.10. The company's fifty day moving average is $45.30 and its two-hundred day moving average is $54.74. Valaris has a fifty-two week low of $39.90 and a fifty-two week high of $84.20.

Valaris (NYSE:VAL - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.88 EPS for the quarter, missing analysts' consensus estimates of $1.36 by ($0.48). The company had revenue of $643.10 million for the quarter, compared to analyst estimates of $588.00 million. Valaris had a net margin of 47.52% and a return on equity of 13.67%. During the same period in the prior year, the company posted $0.17 EPS. On average, analysts expect that Valaris will post 4.59 earnings per share for the current year.

Institutional Trading of Valaris

Hedge funds have recently modified their holdings of the company. Jennison Associates LLC increased its position in shares of Valaris by 27.3% during the fourth quarter. Jennison Associates LLC now owns 20,641 shares of the company's stock worth $913,000 after acquiring an additional 4,422 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its stake in Valaris by 177.5% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 72,688 shares of the company's stock worth $3,216,000 after purchasing an additional 46,493 shares during the period. Spire Wealth Management boosted its stake in Valaris by 24.3% in the 4th quarter. Spire Wealth Management now owns 4,206 shares of the company's stock worth $186,000 after purchasing an additional 821 shares during the period. Deane Retirement Strategies Inc. boosted its stake in Valaris by 6.1% in the 4th quarter. Deane Retirement Strategies Inc. now owns 42,984 shares of the company's stock worth $1,902,000 after purchasing an additional 2,480 shares during the period. Finally, KBC Group NV boosted its stake in Valaris by 63.3% in the 4th quarter. KBC Group NV now owns 2,929 shares of the company's stock worth $130,000 after purchasing an additional 1,135 shares during the period. 96.74% of the stock is currently owned by institutional investors and hedge funds.

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.