Valaris (VAL) to Release Quarterly Earnings on Thursday

Valaris (NYSE:VAL) is expected to release its earnings data before the market opens on Thursday, February 20th. Analysts expect Valaris to post earnings of $1.20 per share and revenue of $577.93 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Valaris Stock Performance

Shares of VAL stock opened at $46.14 on Thursday. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 3.17 and a beta of 1.10. The company has a 50-day simple moving average of $45.43 and a 200 day simple moving average of $52.01. 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.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VAL. Evercore ISI cut shares of Valaris from an “outperform” rating to an “in-line” rating and reduced their target price for the company from $87.00 to $59.00 in a research report on Wednesday, January 15th. Citigroup boosted their price objective on shares of Valaris from $47.00 to $48.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. initiated coverage on shares of Valaris in a report on Friday, December 6th. They set an “underweight” rating and a $40.00 target price on the stock. Barclays reiterated an “equal weight” rating and issued a $49.00 price target (down from $59.00) on shares of Valaris in a research report on Wednesday, December 18th. Finally, Susquehanna reduced their price target on Valaris from $61.00 to $55.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $56.83.

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.