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

Valaris Limited (NYSE:VAL - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the seven analysts that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $80.00.

A number of research firms have recently issued reports on VAL. 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. Citigroup lowered their price target on shares of Valaris from $95.00 to $71.00 and set a "buy" rating on the stock in a research report on Thursday, September 12th. Barclays lowered their price target on shares of Valaris from $61.00 to $59.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 5th. Benchmark lowered shares of Valaris from a "buy" rating to a "hold" rating in a research report on Tuesday, October 15th. 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

Shares of NYSE VAL traded down $0.87 during mid-day trading on Tuesday, reaching $50.32. 465,722 shares of the company were exchanged, compared to its average volume of 1,053,392. The company's 50-day simple moving average is $53.23 and its 200-day simple moving average is $65.04. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $3.58 billion, a P/E ratio of 3.52 and a beta of 1.17. Valaris has a twelve month low of $48.04 and a twelve month high of $84.20.

Insider Activity at Valaris

In related news, SVP Davor Vukadin sold 15,403 shares of Valaris stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $56.64, for a total transaction of $872,425.92. Following the sale, the senior vice president now directly owns 13,334 shares in the company, valued at $755,237.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Davor Vukadin sold 15,403 shares of Valaris stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $56.64, for a total transaction of $872,425.92. Following the sale, the senior vice president now directly owns 13,334 shares in the company, valued at $755,237.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Gilles Luca sold 30,000 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now owns 108,342 shares in the company, valued at $6,160,326.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 71,403 shares of company stock valued at $4,028,246. 0.12% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its stake in shares of Valaris by 180.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company's stock worth $27,000 after acquiring an additional 235 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Valaris in the first quarter worth about $149,000. Evergreen Capital Management LLC purchased a new stake in shares of Valaris in the second quarter worth about $204,000. Choreo LLC bought a new position in shares of Valaris in the second quarter worth approximately $204,000. Finally, Scientech Research LLC bought a new position in shares of Valaris in the second quarter worth approximately $211,000. Institutional investors and hedge funds own 96.74% of the company's stock.

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.