Valaris (NYSE:VAL) Sets New 52-Week High – Here’s What Happened
by Scott Moore · The Cerbat GemValaris Limited (NYSE:VAL – Get Free Report) hit a new 52-week high on Friday . The company traded as high as $105.52 and last traded at $104.9820, with a volume of 1474187 shares trading hands. The stock had previously closed at $103.27.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the stock. BTIG Research cut shares of Valaris from a “buy” rating to a “hold” rating in a research note on Monday, March 9th. Zacks Research cut shares of Valaris from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Pareto Securities cut shares of Valaris from a “hold” rating to a “sell” rating and set a $80.00 price target on the stock. in a research report on Monday, February 23rd. Weiss Ratings cut shares of Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Finally, Susquehanna boosted their price target on shares of Valaris from $96.00 to $98.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 7th. Nine equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $63.19.
Read Our Latest Report on Valaris
Valaris Trading Up 1.7%
The company has a fifty day simple moving average of $95.48 and a 200-day simple moving average of $73.64. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.34. The stock has a market cap of $7.27 billion, a price-to-earnings ratio of 7.35 and a beta of 0.97.
Valaris (NYSE:VAL – Get Free Report) last posted its quarterly earnings data on Monday, May 4th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.19). The company had revenue of $465.40 million for the quarter, compared to analyst estimates of $443.75 million. Valaris had a return on equity of 12.31% and a net margin of 45.37%.Valaris’s quarterly revenue was down 25.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.53) EPS. On average, research analysts forecast that Valaris Limited will post 3.41 earnings per share for the current fiscal year.
Institutional Trading of Valaris
Institutional investors and hedge funds have recently bought and sold shares of the stock. ANTIPODES PARTNERS Ltd raised its holdings in Valaris by 8,034.0% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 580,198 shares of the company’s stock worth $28,298,000 after buying an additional 573,065 shares during the period. Trek Financial LLC acquired a new stake in Valaris during the 3rd quarter worth about $3,305,000. GSA Capital Partners LLP purchased a new position in Valaris during the 3rd quarter valued at about $1,205,000. American Century Companies Inc. grew its stake in Valaris by 87.1% during the 3rd quarter. American Century Companies Inc. now owns 1,274,038 shares of the company’s stock valued at $62,135,000 after acquiring an additional 592,971 shares in the last quarter. Finally, Goehring & Rozencwajg Associates LLC grew its stake in Valaris by 108.9% during the 3rd quarter. Goehring & Rozencwajg Associates LLC now owns 902,440 shares of the company’s stock valued at $44,012,000 after acquiring an additional 470,419 shares in the last quarter. Institutional investors and hedge funds own 96.74% of the company’s stock.
Valaris Company Profile
Valaris PLC is a leading provider of offshore drilling services to the global energy industry. The company operates a diverse fleet of mobile offshore drilling units, including drillships, semisubmersibles and jackup rigs, designed to support exploration and production activities in deepwater, ultra-deepwater and harsh‐environment settings. Valaris serves a wide range of international oil and gas customers, offering turnkey drilling solutions, project management and advanced technology integration to enhance operational efficiency and safety.
Headquartered in Houston, Texas, Valaris maintains a significant presence in key offshore basins around the world.