Research Analysts Issue Forecasts for Valaris Q4 Earnings

Valaris Limited (NYSE:VAL) – Equities researchers at Capital One Financial cut their Q4 2024 earnings per share estimates for Valaris in a research note issued to investors on Tuesday, February 18th. Capital One Financial analyst D. Becker now anticipates that the company will post earnings per share of $0.85 for the quarter, down from their previous estimate of $1.32. The consensus estimate for Valaris’ current full-year earnings is $5.39 per share. Capital One Financial also issued estimates for Valaris’ Q1 2025 earnings at $0.86 EPS, Q2 2025 earnings at $1.09 EPS, Q3 2025 earnings at $1.05 EPS, Q4 2025 earnings at $0.19 EPS, FY2025 earnings at $3.21 EPS, Q1 2026 earnings at $0.23 EPS, Q2 2026 earnings at $0.97 EPS, Q3 2026 earnings at $1.55 EPS, Q4 2026 earnings at $2.02 EPS and FY2026 earnings at $4.75 EPS.

Several other research firms have also issued reports on VAL. JPMorgan Chase & Co. initiated coverage on Valaris in a research note on Friday, December 6th. They issued an “underweight” rating and a $40.00 target price on the stock. Barclays reiterated an “equal weight” rating and set a $49.00 price objective (down previously from $59.00) on shares of Valaris in a research note on Wednesday, December 18th. Susquehanna lowered their target price on shares of Valaris from $50.00 to $47.00 and set a “neutral” rating for the company in a research note on Friday. Evercore ISI downgraded Valaris from an “outperform” rating to an “in-line” rating and reduced their price target for the stock from $87.00 to $59.00 in a research report on Wednesday, January 15th. Finally, Citigroup boosted their target price on Valaris from $47.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $55.50.

Valaris Trading Down 6.2 %

Shares of NYSE:VAL opened at $41.80 on Friday. 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 company has a market capitalization of $2.97 billion, a PE ratio of 8.13 and a beta of 1.10. Valaris has a 12-month low of $39.90 and a 12-month high of $84.20. The business’s fifty day simple moving average is $45.42 and its 200-day simple moving average is $50.70.

Valaris (NYSE:VAL) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.68. The company had revenue of $584.40 million during the quarter, compared to the consensus estimate of $578.01 million. Valaris had a net margin of 15.81% and a return on equity of 17.67%.

Institutional Trading of Valaris

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Valaris by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 6,454,159 shares of the company’s stock worth $285,532,000 after purchasing an additional 23,509 shares during the last quarter. Lingotto Investment Management LLP lifted its holdings in shares of Valaris by 2.5% in the 4th quarter. Lingotto Investment Management LLP now owns 3,637,207 shares of the company’s stock valued at $160,910,000 after buying an additional 87,420 shares during the period. Condire Management LP boosted its stake in shares of Valaris by 34.1% in the fourth quarter. Condire Management LP now owns 2,618,678 shares of the company’s stock worth $115,850,000 after buying an additional 665,718 shares during the last quarter. State Street Corp raised its position in Valaris by 4.8% during the third quarter. State Street Corp now owns 2,446,006 shares of the company’s stock valued at $136,365,000 after acquiring an additional 112,216 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Valaris by 55.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,300,577 shares of the company’s stock valued at $101,771,000 after acquiring an additional 821,304 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.