Streetbeat News

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

47.77

Mkt cap

3.3B

Volume

2.7M

High

48.48

P/E Ratio

3.23

52-wk high

84.20

Low

46.03

Div yield

N/A

52-wk low

46.03

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

Susquehanna analyst Charles Minervino has maintained a Neutral rating on Valaris (NYSE:VAL) while lowering the price target from $61 to $55.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 3:28 pm

Valaris shares are experiencing an increase in trading value following the company's announcement of Q3 revenue results that surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 1:45 pm

Valaris reported Q3 2024 earnings with a GAAP EPS of $0.88, missing the $1.09 estimate, but sales of $643M beat the $615.24M estimate, marking a 41.29% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:36 pm

Valaris (NYSE:VAL) is set to release its quarterly earnings report on October 30, 2024, with analysts estimating an EPS of $1.10. Despite a previous EPS beat, the stock dropped 6.37% the next day. Valaris has a 'Buy' consensus rating with a 46.54% potential upside. The company leads in revenue growth and profitability among peers.

Portfolio Pulse from Benzinga Insights

October 29, 2024 | 2:03 pm

Valaris (NYSE:VAL) has received mixed analyst ratings over the last quarter, with a range of bullish to bearish sentiments. The average 12-month price target has decreased by 16.66% to $72.67. Analysts have adjusted their ratings and price targets in response to market conditions, with some lowering their targets significantly. Valaris has shown strong financial performance with a 46.94% revenue growth rate and a 24.52% net margin.

Portfolio Pulse from Benzinga Insights

October 23, 2024 | 2:01 pm

Barclays analyst Eddie Kim maintains an Overweight rating on Valaris (NYSE:VAL) but lowers the price target from $91 to $61.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 12:45 pm

Benchmark analyst Kurt Hallead has downgraded Valaris (NYSE:VAL) from Buy to Hold, indicating a more cautious outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 11:04 am

Valaris (NYSE:VAL) has received mixed analyst ratings over the past quarter, with a decrease in the average 12-month price target from $86.25 to $75.0. Analysts have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Valaris has shown strong financial performance with significant revenue growth and profitability metrics surpassing industry standards.

Portfolio Pulse from Benzinga Insights

October 11, 2024 | 5:02 pm

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