Valaris Limited (NYSE:VAL) Receives Consensus Recommendation of “Hold” from Analysts

Valaris Limited (NYSE:VAL) has received a consensus rating of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $64.33.

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

Institutional Investors Weigh In On Valaris

Hedge funds have recently bought and sold shares of the stock. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Valaris in the 2nd quarter valued at $28,884,000. Dimensional Fund Advisors LP grew its position in shares of Valaris by 23.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,188,973 shares of the company’s stock valued at $88,573,000 after acquiring an additional 225,283 shares during the period. AQR Capital Management LLC increased its stake in shares of Valaris by 338.5% in the 2nd quarter. AQR Capital Management LLC now owns 236,379 shares of the company’s stock valued at $17,426,000 after purchasing an additional 182,467 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in Valaris in the 2nd quarter worth about $13,306,000. Finally, Herr Investment Group LLC boosted its position in Valaris by 123.3% during the second quarter. Herr Investment Group LLC now owns 235,822 shares of the company’s stock worth $17,569,000 after purchasing an additional 130,236 shares in the last quarter. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Valaris Price Performance

NYSE VAL opened at $44.74 on Wednesday. The firm’s fifty day simple moving average is $46.05 and its two-hundred day simple moving average is $57.32. Valaris has a 12-month low of $39.90 and a 12-month high of $84.20. The firm has a market capitalization of $3.18 billion, a P/E ratio of 3.07 and a beta of 1.09. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.51.

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.