Valaris Limited (NYSE:VAL - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $27.15 and last traded at $33.31, with a volume of 3735355 shares changing hands. The stock had previously closed at $28.94.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the company. StockNews.com upgraded Valaris to a "sell" rating in a research note on Thursday, February 20th. Susquehanna reduced their target price on shares of Valaris from $47.00 to $34.00 and set a "neutral" rating on the stock in a report on Monday. Barclays dropped their price target on shares of Valaris from $46.00 to $35.00 and set an "equal weight" rating for the company in a research note on Monday, April 7th. Citigroup decreased their price target on Valaris from $48.00 to $44.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. Finally, Evercore ISI cut shares of Valaris from an "outperform" rating to an "in-line" rating and cut their price target for the company from $87.00 to $59.00 in a research report on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, Valaris presently has an average rating of "Hold" and an average price target of $50.33.
Check Out Our Latest Stock Report on VAL
Valaris Stock Up 0.2 %
The company has a debt-to-equity ratio of 0.48, a current ratio of 1.59 and a quick ratio of 1.61. The firm's fifty day moving average price is $38.39 and its two-hundred day moving average price is $44.55. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of 6.02 and a beta of 1.06.
Valaris (NYSE:VAL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.68. The business had revenue of $584.40 million for the quarter, compared to analyst estimates of $578.01 million. Valaris had a return on equity of 17.40% and a net margin of 15.81%. Sell-side analysts forecast that Valaris Limited will post 3.96 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Lingotto Investment Management LLP lifted its position in Valaris by 2.5% in the 4th quarter. Lingotto Investment Management LLP now owns 3,637,207 shares of the company's stock valued at $160,910,000 after acquiring an additional 87,420 shares in the last quarter. Aigen Investment Management LP purchased a new position in shares of Valaris during the fourth quarter valued at approximately $611,000. Hosking Partners LLP grew its holdings in Valaris by 33.6% during the fourth quarter. Hosking Partners LLP now owns 341,842 shares of the company's stock worth $15,123,000 after buying an additional 85,891 shares in the last quarter. Waverton Investment Management Ltd raised its position in Valaris by 12.7% in the 4th quarter. Waverton Investment Management Ltd now owns 756,135 shares of the company's stock valued at $33,451,000 after buying an additional 85,250 shares during the last quarter. Finally, Tejara Capital Ltd lifted its stake in Valaris by 93.0% during the 4th quarter. Tejara Capital Ltd now owns 112,405 shares of the company's stock valued at $4,973,000 after acquiring an additional 54,173 shares in the last quarter. 96.74% of the stock is currently owned by institutional investors and hedge funds.
About Valaris
(
Get Free Report)
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.
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