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

Valaris Limited (NYSE:VAL - Get Free Report) has been assigned an average recommendation of "Reduce" from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $54.33.

A number of analysts recently commented on the stock. Barclays lowered their target price on shares of Valaris from $49.00 to $46.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 25th. Susquehanna lowered their target price on shares of Valaris from $50.00 to $47.00 and set a "neutral" rating for the company in a research note on Friday, February 21st. StockNews.com upgraded shares of Valaris to a "sell" rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. assumed coverage on shares of Valaris in a research report on Friday, December 6th. They set an "underweight" rating and a $40.00 price target for the company. Finally, Citigroup reduced their price target on shares of Valaris from $48.00 to $44.00 and set a "neutral" rating for the company in a research report on Wednesday.

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Valaris Stock Up 0.7 %

Shares of NYSE:VAL traded up $0.30 during trading on Monday, reaching $40.36. The stock had a trading volume of 1,151,960 shares, compared to its average volume of 1,938,594. Valaris has a one year low of $31.15 and a one year high of $84.20. The company has a market capitalization of $2.87 billion, a P/E ratio of 7.85 and a beta of 1.16. The company has a current ratio of 1.59, a quick ratio of 1.61 and a debt-to-equity ratio of 0.48. The firm's 50-day simple moving average is $43.29 and its 200 day simple moving average is $47.39.

Valaris (NYSE:VAL - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $1.88 earnings per share for the quarter, beating analysts' consensus estimates of $1.20 by $0.68. Valaris had a net margin of 15.81% and a return on equity of 17.40%. The business had revenue of $584.40 million for the quarter, compared to analysts' expectations of $578.01 million. As a group, research analysts expect that Valaris will post 3.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of VAL. Dimensional Fund Advisors LP raised its holdings in Valaris by 55.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,300,577 shares of the company's stock valued at $101,771,000 after acquiring an additional 821,304 shares during the last quarter. Norges Bank acquired a new stake in Valaris in the 4th quarter valued at about $31,949,000. Condire Management LP raised its holdings in Valaris by 34.1% in the 4th quarter. Condire Management LP now owns 2,618,678 shares of the company's stock valued at $115,850,000 after acquiring an additional 665,718 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Valaris in the 4th quarter valued at about $21,747,000. Finally, AQR Capital Management LLC raised its holdings in Valaris by 942.1% in the 4th quarter. AQR Capital Management LLC now owns 381,463 shares of the company's stock valued at $16,502,000 after acquiring an additional 344,857 shares during the last quarter. 96.74% of the stock is owned by hedge funds and other institutional investors.

About Valaris

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.