Valaris (NYSE:VAL) Shares Down 3.5% - Time to Sell?

Valaris Limited (NYSE:VAL - Get Free Report)'s stock price fell 3.5% during trading on Wednesday . The stock traded as low as $39.46 and last traded at $39.24. 38,983 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 1,359,249 shares. The stock had previously closed at $40.64.

Analyst Ratings Changes

VAL has been the topic of several research analyst reports. Susquehanna lowered their price objective on shares of Valaris from $50.00 to $47.00 and set a "neutral" rating on the stock in a research report on Friday, February 21st. Citigroup reduced their price objective on Valaris from $48.00 to $44.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. JPMorgan Chase & Co. assumed coverage on shares of Valaris in a research report on Friday, December 6th. They issued an "underweight" rating and a $40.00 target price for the company. Barclays lowered their price target on shares of Valaris from $49.00 to $46.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 25th. Finally, Evercore ISI downgraded shares of Valaris from an "outperform" rating to an "in-line" rating and dropped their price target for the stock from $87.00 to $59.00 in a research note on Wednesday, January 15th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $54.33.

Valaris Price Performance

The company has a market capitalization of $2.09 billion, a P/E ratio of 5.74 and a beta of 1.16. The company's 50-day simple moving average is $41.07 and its 200 day simple moving average is $46.00. The company has a quick ratio of 1.61, a current ratio of 1.59 and a debt-to-equity ratio of 0.48.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Quarry LP acquired a new position in Valaris during the third quarter valued at approximately $25,000. Sterling Capital Management LLC raised its holdings in Valaris by 518.3% in the 4th quarter. Sterling Capital Management LLC now owns 742 shares of the company's stock worth $33,000 after acquiring an additional 622 shares during the period. Signaturefd LLC lifted its position in Valaris by 395.0% during the 4th quarter. Signaturefd LLC now owns 1,475 shares of the company's stock worth $65,000 after acquiring an additional 1,177 shares during the last quarter. Blue Trust Inc. boosted its holdings in Valaris by 41.0% during the fourth quarter. Blue Trust Inc. now owns 1,758 shares of the company's stock valued at $78,000 after acquiring an additional 511 shares during the period. Finally, Quadrant Capital Group LLC boosted its holdings in Valaris by 326.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,874 shares of the company's stock valued at $83,000 after acquiring an additional 1,435 shares during the period. 96.74% of the stock is owned by 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.