Valaris Limited (NYSE:VAL) Receives Consensus Rating of “Hold” from Brokerages

Shares of Valaris Limited (NYSE:VAL) have earned an average rating of “Hold” from the seven research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $64.33.

VAL has been the topic of a number of research reports. Citigroup downgraded Valaris from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $58.00 to $47.00 in a research note on Monday, December 9th. Susquehanna decreased their price target on shares of Valaris from $61.00 to $55.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. JPMorgan Chase & Co. began coverage on shares of Valaris in a research note on Friday, December 6th. They issued an “underweight” rating and a $40.00 price objective for the company. Benchmark cut shares of Valaris from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Finally, Barclays reiterated an “equal weight” rating and issued a $49.00 price target (down previously from $59.00) on shares of Valaris in a research report on Wednesday, December 18th.

Valaris Trading Down 0.5 %

Shares of VAL stock opened at $44.74 on Wednesday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of 3.07 and a beta of 1.09. Valaris has a 12-month low of $39.90 and a 12-month high of $84.20. The stock’s 50-day moving average price is $46.05 and its 200-day moving average price is $57.32.

Institutional Investors Weigh In On Valaris

Several large investors have recently added to or reduced their stakes in the stock. Centiva Capital LP bought a new stake in shares of Valaris during the third quarter valued at approximately $930,000. XTX Topco Ltd purchased a new position in Valaris during the third quarter valued at approximately $1,862,000. Diversify Advisory Services LLC raised its stake in Valaris by 14.8% in the third quarter. Diversify Advisory Services LLC now owns 137,572 shares of the company’s stock worth $7,670,000 after buying an additional 17,690 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Valaris during the second quarter worth $3,652,000. Finally, Waverton Investment Management Ltd increased its holdings in shares of Valaris by 20.4% in the 3rd quarter. Waverton Investment Management Ltd now owns 670,885 shares of the company’s stock valued at $37,412,000 after acquiring an additional 113,509 shares during the period. 96.74% of the stock is owned by hedge funds and other institutional investors.

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.