Analysts Set Valaris Limited (NYSE:VAL) Target Price at $80.00

Valaris Limited (NYSE:VAL) has been given a consensus rating of “Moderate Buy” by the seven research firms that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $80.00.

VAL has been the topic of a number of recent research reports. Susquehanna reduced their price objective on Valaris from $61.00 to $55.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Citigroup decreased their price target on Valaris from $95.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, September 12th. Barclays lowered their price target on shares of Valaris from $61.00 to $59.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Finally, Benchmark lowered shares of Valaris from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th.

Insiders Place Their Bets

In related news, SVP Matthew Lyne sold 26,000 shares of the company’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $55.77, for a total value of $1,450,020.00. Following the sale, the senior vice president now directly owns 24,388 shares of the company’s stock, valued at $1,360,118.76. This represents a 51.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Gilles Luca sold 30,000 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $56.86, for a total value of $1,705,800.00. Following the completion of the transaction, the chief operating officer now owns 108,342 shares of the company’s stock, valued at approximately $6,160,326.12. This trade represents a 21.69 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,403 shares of company stock worth $4,028,246. 0.12% of the stock is currently owned by corporate insiders.

Institutional Trading of Valaris

Hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its stake in Valaris by 4.6% during the third quarter. Geode Capital Management LLC now owns 1,519,644 shares of the company’s stock worth $84,736,000 after acquiring an additional 66,229 shares in the last quarter. Orion Portfolio Solutions LLC boosted its position in shares of Valaris by 64.5% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 16,066 shares of the company’s stock worth $896,000 after purchasing an additional 6,299 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Valaris in the 3rd quarter worth approximately $1,862,000. Wexford Capital LP bought a new position in Valaris during the 3rd quarter valued at approximately $493,000. Finally, State Street Corp raised its stake 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 buying an additional 112,216 shares during the last quarter. 96.74% of the stock is owned by hedge funds and other institutional investors.

Valaris Price Performance

VAL stock opened at $48.30 on Tuesday. The firm has a market cap of $3.43 billion, a P/E ratio of 3.32 and a beta of 1.17. The firm’s fifty day moving average is $52.53 and its 200 day moving average is $64.44. Valaris has a 52 week low of $47.87 and a 52 week high of $84.20. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.61 and a current ratio of 1.61.

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.