Valaris (NYSE:VAL) Price Target Raised to $46.00 at Susquehanna

by · The Cerbat Gem

Valaris (NYSE:VAL – Free Report) had its target price boosted by Susquehanna from $40.00 to $46.00 in a report published on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities research analysts also recently weighed in on VAL. Wall Street Zen upgraded shares of Valaris to a “sell” rating in a research note on Tuesday, May 13th. Evercore ISI decreased their price objective on Valaris from $55.00 to $50.00 and set an “in-line” rating for the company in a report on Friday, May 2nd. Barclays boosted their target price on Valaris from $35.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Monday, May 5th. Finally, Citigroup reiterated a “neutral” rating and issued a $47.00 price target (up from $44.00) on shares of Valaris in a research note on Wednesday, June 18th. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $51.67.

View Our Latest Report on VAL

Valaris Price Performance

Shares of VAL stock opened at $45.44 on Tuesday. The stock’s 50-day moving average is $40.02 and its 200 day moving average is $40.39. Valaris has a 1-year low of $27.15 and a 1-year high of $84.20. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.67 and a quick ratio of 1.67. The company has a market cap of $3.23 billion, a P/E ratio of 10.67 and a beta of 1.15.

Valaris (NYSE:VAL – Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported ($0.53) EPS for the quarter, missing the consensus estimate of $1.10 by ($1.63). Valaris had a net margin of 12.61% and a return on equity of 14.14%. The firm had revenue of $620.70 million for the quarter, compared to analysts’ expectations of $582.87 million. Valaris’s revenue for the quarter was up 6.2% compared to the same quarter last year. Research analysts predict that Valaris will post 3.96 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Valaris

Several hedge funds have recently made changes to their positions in the company. Quarry LP lifted its position in Valaris by 51.7% during the 4th quarter. Quarry LP now owns 684 shares of the company’s stock worth $30,000 after acquiring an additional 233 shares during the period. Lowe Wealth Advisors LLC acquired a new stake in shares of Valaris during the first quarter worth about $28,000. Sterling Capital Management LLC boosted its position in Valaris by 518.3% in the fourth quarter. Sterling Capital Management LLC now owns 742 shares of the company’s stock valued at $33,000 after buying an additional 622 shares during the last quarter. UMB Bank n.a. acquired a new position in Valaris in the 1st quarter worth approximately $44,000. Finally, GAMMA Investing LLC raised its position in Valaris by 1,027.5% during the 1st quarter. GAMMA Investing LLC now owns 1,353 shares of the company’s stock worth $53,000 after buying an additional 1,233 shares during the last quarter. 96.74% of the stock is owned by institutional investors and hedge funds.

About Valaris

(Get Free Report)

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.

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