Capital One Financial Reduces Earnings Estimates for Valaris

Valaris Limited (NYSE:VAL - Free Report) - Equities research analysts at Capital One Financial cut their Q4 2024 EPS estimates for shares of Valaris in a research report issued to clients and investors on Tuesday, February 18th. Capital One Financial analyst D. Becker now forecasts that the company will post earnings per share of $0.85 for the quarter, down from their prior estimate of $1.32. The consensus estimate for Valaris' current full-year earnings is $3.96 per share. Capital One Financial also issued estimates for Valaris' Q1 2025 earnings at $0.86 EPS, Q2 2025 earnings at $1.09 EPS, Q3 2025 earnings at $1.05 EPS, Q4 2025 earnings at $0.19 EPS, FY2025 earnings at $3.21 EPS, Q1 2026 earnings at $0.23 EPS, Q2 2026 earnings at $0.97 EPS, Q3 2026 earnings at $1.55 EPS, Q4 2026 earnings at $2.02 EPS and FY2026 earnings at $4.75 EPS.

Several other research analysts have also recently weighed in on VAL. StockNews.com upgraded Valaris to a "sell" rating in a research report on Thursday, February 20th. Susquehanna decreased 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. 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 on the stock. Barclays decreased their price objective on shares of Valaris from $49.00 to $46.00 and set an "equal weight" rating for the company in a research report on Tuesday. Finally, Citigroup raised their target price on Valaris from $47.00 to $48.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, Valaris has a consensus rating of "Hold" and an average target price of $55.00.

Valaris Stock Performance

Shares of NYSE VAL traded down $2.23 during trading on Friday, reaching $38.67. 2,973,702 shares of the company traded hands, compared to its average volume of 1,682,067. Valaris has a 12-month low of $38.50 and a 12-month high of $84.20. 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 stock has a market cap of $2.75 billion, a P/E ratio of 7.52 and a beta of 1.10. The firm's fifty day simple moving average is $45.38 and its 200 day simple moving average is $50.36.

Valaris (NYSE:VAL - Get Free Report) last issued its 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. Valaris had a net margin of 15.81% and a return on equity of 17.40%. The firm had revenue of $584.40 million during the quarter, compared to analysts' expectations of $578.01 million.

Institutional Trading of Valaris

Institutional investors have recently modified their holdings of the stock. Creative Planning lifted its stake in Valaris by 20.4% in the 3rd quarter. Creative Planning now owns 10,350 shares of the company's stock valued at $577,000 after buying an additional 1,751 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of Valaris by 22.5% during the third quarter. Private Advisor Group LLC now owns 5,524 shares of the company's stock valued at $308,000 after acquiring an additional 1,015 shares during the last quarter. X Square Capital LLC lifted its position in shares of Valaris by 4.8% in the third quarter. X Square Capital LLC now owns 15,370 shares of the company's stock valued at $857,000 after acquiring an additional 706 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Valaris by 5.1% in the third quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the company's stock worth $1,031,000 after acquiring an additional 900 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of Valaris by 14.3% during the third quarter. State of Alaska Department of Revenue now owns 7,735 shares of the company's stock worth $431,000 after purchasing an additional 965 shares in the last quarter. Institutional investors and hedge funds own 96.74% of the company's stock.

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.