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

Valaris Limited (NYSE:VAL) has been given an average rating of “Moderate Buy” by the seven analysts that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $80.00.

A number of analysts recently issued reports on the stock. Citigroup decreased their price objective on shares of Valaris from $95.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, September 12th. Barclays decreased their price target on shares of Valaris from $61.00 to $59.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Susquehanna dropped 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. Finally, Benchmark lowered Valaris from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th.

Insiders Place Their Bets

In related news, SVP Davor Vukadin sold 15,403 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $56.64, for a total transaction of $872,425.92. Following the sale, the senior vice president now owns 13,334 shares of the company’s stock, valued at approximately $755,237.76. This represents a 53.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Matthew Lyne sold 26,000 shares of the firm’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $55.77, for a total transaction of $1,450,020.00. Following the completion of the transaction, the senior vice president now directly owns 24,388 shares of the company’s stock, valued at approximately $1,360,118.76. The trade was a 51.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 71,403 shares of company stock worth $4,028,246 over the last 90 days. Corporate insiders own 0.12% of the company’s stock.

Hedge Funds Weigh In On Valaris

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quarry LP bought a new position in shares of Valaris in the third quarter worth approximately $25,000. EverSource Wealth Advisors LLC raised its position in shares of Valaris by 180.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock valued at $27,000 after buying an additional 235 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Valaris during the 1st quarter worth $149,000. Choreo LLC purchased a new position in Valaris in the second quarter worth $204,000. Finally, Evergreen Capital Management LLC bought a new position in Valaris in the second quarter valued at $204,000. 96.74% of the stock is currently owned by hedge funds and other institutional investors.

Valaris Stock Down 0.4 %

Shares of NYSE:VAL opened at $48.30 on Tuesday. The company has a market capitalization of $3.43 billion, a PE ratio of 3.32 and a beta of 1.17. Valaris has a 1 year low of $47.87 and a 1 year high of $84.20. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.61 and a quick ratio of 1.61. The business has a fifty day moving average price of $52.53 and a two-hundred day moving average price of $64.44.

About Valaris

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.