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VAL

Valaris Limited

https://www.valaris.com

Industry

Oil & Gas Equipment & Services

Valaris Limited provides offshore contract drilling services to the international oil and gas industry. The company owns an offshore drilling rig fleet of 56 rigs, which include 11 drillships, 4 dynamically positioned semisubmersible rigs, 1 moored semisubmersible rig, and 40 jackup rigs. It serves international, government-owned, and independent oil and gas companies in the Gulf of Mexico, the North Sea, the Middle East, West Africa, Australia, and Southeast Asia. The company was incorporated in 2009 and is based in Hamilton, Bermuda.

Open

38.65

Mkt cap

2.8B

Volume

1.3M

High

39.12

P/E Ratio

7.57

52-wk high

84.20

Low

38.38

Div yield

N/A

52-wk low

31.15

Valaris is expected to reach a stock price of $61.50 in 24 months due to improved fleet management, favorable rig reactivation, and increased contract availability. The company is capturing a significant portion of 2025 FIDs, with margin expansion anticipated as it transitions to a higher-spec fleet.

Portfolio Pulse from

March 13, 2025 | 2:15 pm

Valaris is streamlining its drilling fleet by selling a jack-up rig for $24 million and planning to retire three semi-submersible rigs, which may be upcycled or scrapped.

Portfolio Pulse from

February 20, 2025 | 7:45 pm

Valaris Limited held its Q4 2024 earnings call, discussing financial results and company performance. Key executives participated, and analysts from major financial institutions were present.

Portfolio Pulse from

February 20, 2025 | 7:45 pm

Valaris Limited reported strong fourth quarter 2024 results with a fleetwide revenue efficiency of 96% and 97% for the full year. The company also achieved outstanding safety performance, receiving recognition from IADC and the Center.

Portfolio Pulse from

February 19, 2025 | 9:45 pm

Valaris Limited announced the retirement of three semisubmersible rigs as part of its fleet rationalization efforts. The rigs, VALARIS DPS-5, DPS-3, and DPS-6, have been idle or stacked for some time. This move is part of the company's strategy to optimize its fleet.

Portfolio Pulse from

February 18, 2025 | 10:30 pm

Valaris Limited (VAL) is expected to report its earnings next week, with Wall Street anticipating earnings growth. However, the company may not have the right combination of factors to surpass earnings expectations.

Portfolio Pulse from

February 13, 2025 | 4:15 pm

ExxonMobil has discovered gas off Egypt's Mediterranean coast using the Valaris DS-9 drillship, marking a significant breakthrough in the untapped western region.

Portfolio Pulse from

January 21, 2025 | 12:30 pm

The Zacks Oil and Gas - Drilling industry analysis highlights VAL, RIG, and PTEN as promising stocks. Investors are advised to focus on these companies for potential gains.

Portfolio Pulse from

January 03, 2025 | 3:15 pm

Valaris, a leading offshore driller, is facing short-term challenges due to idle rigs and deferred oil company CapEx, resulting in reduced 2024 EBITDA guidance. However, the company has a strong financial position and positive long-term prospects with expected offshore oil production growth and potential sector recovery from 2026. Management will provide 2025 guidance with Q4 earnings, which could present a buying opportunity if market expectations are disappointed.

Portfolio Pulse from

November 12, 2024 | 12:30 pm

Valaris (NYSE:VAL) has received mixed analyst ratings over the past three months, with a recent negative shift in sentiment as the average price target decreased by 15.32%. Analysts have provided a 12-month price target range from $55.00 to $91.00. Valaris is a leader in offshore drilling services, showing strong financial metrics like net margin and ROE, but its revenue growth lags behind industry peers.

Portfolio Pulse from Benzinga Insights

November 01, 2024 | 5:00 pm

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