Valaris Limited (NYSE:VAL) Given Consensus Recommendation of “Buy” by Analysts

Shares of Valaris Limited (NYSE:VAL) have earned a consensus rating of “Buy” from the five brokerages that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $100.00.

VAL has been the subject of several recent research reports. TheStreet raised Valaris from a “c” rating to a “b-” rating in a research report on Thursday, February 22nd. Evercore ISI reduced their price objective on Valaris from $107.00 to $105.00 and set an “outperform” rating for the company in a research report on Friday, February 23rd. Barclays reduced their price target on Valaris from $105.00 to $102.00 and set an “overweight” rating for the company in a research report on Tuesday, March 5th. Finally, StockNews.com raised Valaris to a “sell” rating in a research report on Friday.

Hedge Funds Weigh In On Valaris

A number of large investors have recently made changes to their positions in VAL. Fifth Third Bancorp increased its stake in Valaris by 120.1% during the 3rd quarter. Fifth Third Bancorp now owns 394 shares of the company’s stock worth $30,000 after acquiring an additional 215 shares during the period. Princeton Global Asset Management LLC bought a new position in Valaris during the 3rd quarter worth $37,000. Covestor Ltd increased its stake in Valaris by 184.0% during the 3rd quarter. Covestor Ltd now owns 693 shares of the company’s stock worth $52,000 after acquiring an additional 449 shares during the period. Assetmark Inc. bought a new position in Valaris during the 3rd quarter worth $70,000. Finally, Counterpoint Mutual Funds LLC bought a new position in Valaris during the 3rd quarter worth $107,000. Institutional investors own 96.74% of the company’s stock.

Valaris Stock Up 0.4 %

Shares of Valaris stock opened at $67.76 on Friday. Valaris has a 1 year low of $54.13 and a 1 year high of $78.92. The business has a 50-day moving average of $69.58 and a two-hundred day moving average of $68.11. The company has a market capitalization of $4.91 billion, a P/E ratio of 5.80 and a beta of 1.13. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.71 and a quick ratio of 1.71.

Valaris (NYSE:VAL) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.32. Valaris had a return on equity of 5.71% and a net margin of 48.50%. The company had revenue of $483.80 million during the quarter, compared to the consensus estimate of $484.00 million. As a group, equities analysts predict that Valaris will post 4.75 EPS for the current year.

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.