Valaris (NYSE:VAL – Get Free Report) had its target price raised by stock analysts at Susquehanna from $75.00 to $80.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Susquehanna’s price target would indicate a potential upside of 3.33% from the stock’s current price.
Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Valaris in a research report on Monday. Eight analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Valaris has an average rating of “Reduce” and a consensus target price of $60.94.
Get Our Latest Stock Analysis on Valaris
Valaris Stock Performance
Valaris (NYSE:VAL – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.41. Valaris had a net margin of 43.95% and a return on equity of 9.48%. The company had revenue of $539.20 million for the quarter, compared to analyst estimates of $488.52 million. During the same quarter last year, the business earned $1.61 EPS. Valaris’s revenue for the quarter was down 12.4% on a year-over-year basis. Sell-side analysts anticipate that Valaris will post 3.18 EPS for the current year.
Institutional Investors Weigh In On Valaris
Institutional investors and hedge funds have recently modified their holdings of the stock. WINTON GROUP Ltd lifted its holdings in Valaris by 0.5% in the fourth quarter. WINTON GROUP Ltd now owns 27,510 shares of the company’s stock worth $1,387,000 after acquiring an additional 146 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Valaris by 0.5% during the first quarter. PNC Financial Services Group Inc. now owns 31,465 shares of the company’s stock valued at $3,085,000 after purchasing an additional 169 shares during the last quarter. State of Michigan Retirement System raised its position in shares of Valaris by 1.3% during the 1st quarter. State of Michigan Retirement System now owns 15,500 shares of the company’s stock worth $1,520,000 after purchasing an additional 200 shares during the period. Signaturefd LLC lifted its holdings in shares of Valaris by 22.1% in the 4th quarter. Signaturefd LLC now owns 1,133 shares of the company’s stock worth $57,000 after purchasing an additional 205 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Valaris by 1.4% in the 3rd quarter. Quadrant Capital Group LLC now owns 15,301 shares of the company’s stock worth $746,000 after purchasing an additional 214 shares during the last quarter. Hedge funds and other institutional investors own 96.74% of the company’s stock.
Valaris Company Profile
Valaris PLC is a leading provider of offshore drilling services to the global energy industry. The company operates a diverse fleet of mobile offshore drilling units, including drillships, semisubmersibles and jackup rigs, designed to support exploration and production activities in deepwater, ultra-deepwater and harsh‐environment settings. Valaris serves a wide range of international oil and gas customers, offering turnkey drilling solutions, project management and advanced technology integration to enhance operational efficiency and safety.
Headquartered in Houston, Texas, Valaris maintains a significant presence in key offshore basins around the world.
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