Valaris Limited (NYSE:VAL) Receives $64.33 Average Target Price from Analysts

Shares of Valaris Limited (NYSE:VAL) have received an average recommendation of “Hold” from the seven brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $64.33.

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

Institutional Trading of Valaris

Several hedge funds have recently added to or reduced their stakes in the business. Quarry LP bought a new stake in shares of Valaris in the third quarter worth about $25,000. Choreo LLC acquired a new stake in Valaris during the 2nd quarter worth approximately $204,000. Evergreen Capital Management LLC bought a new position in Valaris in the second quarter valued at approximately $204,000. Scientech Research LLC bought a new position in Valaris in the second quarter valued at approximately $211,000. Finally, SkyView Investment Advisors LLC acquired a new position in shares of Valaris in the second quarter valued at approximately $224,000. Institutional investors and hedge funds own 96.74% of the company’s stock.

Valaris Stock Down 0.5 %

NYSE VAL opened at $44.74 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.61 and a current ratio of 1.61. Valaris has a 52 week low of $39.90 and a 52 week high of $84.20. The stock has a market capitalization of $3.18 billion, a P/E ratio of 3.07 and a beta of 1.09. The stock has a fifty day moving average of $46.17 and a 200-day moving average of $57.72.

About Valaris

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.