Valaris (VAL) Expected to Announce Quarterly Earnings on Thursday

Valaris (NYSE:VAL - Get Free Report) is expected to release its earnings data before the market opens on Thursday, February 20th. Analysts expect Valaris to post earnings of $1.20 per share and revenue of $578.01 million for the quarter. Persons interested in registering for the company's earnings conference call can do so using this link.

Valaris Stock Down 2.7 %

Shares of NYSE:VAL traded down $1.21 during midday trading on Friday, hitting $44.50. 1,424,988 shares of the company's stock traded hands, compared to its average volume of 1,458,484. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.61 and a current ratio of 1.61. The company has a market cap of $3.16 billion, a PE ratio of 3.06 and a beta of 1.10. The firm's fifty day moving average price is $45.52 and its two-hundred day moving average price is $51.32. Valaris has a twelve month low of $39.90 and a twelve month high of $84.20.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Valaris in a report on Friday, December 6th. They issued an "underweight" rating and a $40.00 price objective on the stock. Evercore ISI lowered shares of Valaris from an "outperform" rating to an "in-line" rating and cut their price objective for the stock from $87.00 to $59.00 in a report on Wednesday, January 15th. Citigroup boosted their price objective on shares of Valaris from $47.00 to $48.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. Barclays reiterated an "equal weight" rating and issued a $49.00 price objective (down previously from $59.00) on shares of Valaris in a report on Wednesday, December 18th. Finally, Susquehanna cut their price objective on shares of Valaris from $61.00 to $55.00 and set a "neutral" rating on the stock in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat.com, Valaris has an average rating of "Hold" and a consensus target price of $56.83.

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.