Valaris (NYSE:VAL) Price Target Cut to $35.00 by Analysts at Barclays

Valaris (NYSE:VAL - Get Free Report) had its target price cut by analysts at Barclays from $46.00 to $35.00 in a report released on Monday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Barclays's price target would indicate a potential upside of 10.73% from the company's previous close.

VAL has been the subject of a number of other research reports. Susquehanna lowered their target price on Valaris from $50.00 to $47.00 and set a "neutral" rating for the company in a research note on Friday, February 21st. Evercore ISI downgraded shares of Valaris from an "outperform" rating to an "in-line" rating and lowered their price objective for the company from $87.00 to $59.00 in a research report on Wednesday, January 15th. StockNews.com raised shares of Valaris to a "sell" rating in a research report on Thursday, February 20th. Finally, Citigroup lowered their price target on shares of Valaris from $48.00 to $44.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $52.50.

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Valaris Trading Up 5.2 %

NYSE:VAL traded up $1.57 during mid-day trading on Monday, reaching $31.61. The company's stock had a trading volume of 2,154,149 shares, compared to its average volume of 1,444,812. Valaris has a twelve month low of $27.15 and a twelve month high of $84.20. The company's fifty day simple moving average is $38.72 and its two-hundred day simple moving average is $44.79. 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 stock has a market cap of $2.25 billion, a P/E ratio of 6.15 and a beta of 1.06.

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

Institutional Trading of Valaris

Several institutional investors have recently added to or reduced their stakes in the stock. Quarry LP increased its position in shares of Valaris by 51.7% in the 4th quarter. Quarry LP now owns 684 shares of the company's stock worth $30,000 after purchasing an additional 233 shares during the last quarter. Arizona State Retirement System increased its holdings in Valaris by 1.3% in the fourth quarter. Arizona State Retirement System now owns 19,002 shares of the company's stock valued at $841,000 after buying an additional 237 shares during the last quarter. Xponance Inc. raised its stake in Valaris by 5.5% during the fourth quarter. Xponance Inc. now owns 9,273 shares of the company's stock valued at $410,000 after buying an additional 487 shares in the last quarter. State of Michigan Retirement System lifted its holdings in Valaris by 3.3% during the 4th quarter. State of Michigan Retirement System now owns 15,500 shares of the company's stock worth $686,000 after buying an additional 500 shares during the last quarter. Finally, Blue Trust Inc. grew its position in shares of Valaris by 41.0% in the 4th quarter. Blue Trust Inc. now owns 1,758 shares of the company's stock worth $78,000 after acquiring an additional 511 shares in the last quarter. 96.74% of the stock is 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.