In yesterday’s Wall Street session, Valaris Limited (NYSE:VAL) shares traded at $70.25, up 2.27% from the previous session.
7 analysts cover Valaris Limited (NYSE:VAL), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $115.00 and a low of $80.00, we find $94.00. Given the previous closing price of $68.69, this indicates a potential upside of 36.85 percent. VAL stock price is now 8.89% away from the 50-day moving average and 27.68% away from the 200-day moving average. The market capitalization of the company currently stands at $5.16B.
Will You Miss Out On This Growth Stock Boom?
A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.
And this is just one of our
5 Best Growth Stocks To Own For 2023.
Sponsored
The stock has received a hold rating from 0 analysts and a buy rating from 7. Brokers who have rated the stock have averaged $95.50 as their price target over the next twelve months.
On February 02, 2022, BTIG Research Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $60.
In other news, Grable Colleen, VP – Controller sold 3,109 shares of the company’s stock on Aug 16. The stock was sold for $147,895 at an average price of $47.57. Upon completion of the transaction, the VP – Controller now directly owns 15,869 shares in the company, valued at $1.11 million. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in VAL stock. A new stake in Valaris Limited shares was purchased by VAN ECK ASSOCIATES CORP during the first quarter worth $133,650,000. RUBRIC CAPITAL MANAGEMENT LP invested $40,489,000 in shares of VAL during the first quarter. In the first quarter, MIZUHO MARKETS AMERICAS LLC acquired a new stake in Valaris Limited valued at approximately $27,781,000. SOURCEROCK GROUP LLC acquired a new stake in VAL for approximately $16,268,000. NATIONAL BANK OF CANADA /FI/ purchased a new stake in VAL valued at around $12,364,000 in the second quarter. In total, there are 255 active investors with 87.90% ownership of the company’s stock.
On Thursday morning Valaris Limited (NYSE: VAL) stock kicked off with the opening price of $69.22. During the past 12 months, Valaris Limited has had a low of $36.55 and a high of $70.17. The fifty day moving average price for VAL is $64.52 and a two-hundred day moving average price translates $55.02 for the stock.
The latest earnings results from Valaris Limited (NYSE: VAL) was released for Jun, 2022. According to the Oil & Gas Drilling Company, earnings per share came in at $1.48, beating analysts’ expectations of -$0.09 by 1.57. This compares to -$0.70 EPS in the same period last year. The net profit margin was 11.90% and return on equity was 15.80% for VAL. The company reported revenue of $437.2 million for the quarter, compared to $326.7 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 33.82 percent. For the current quarter, analysts expect VAL to generate $429.96M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/22/2019. Investors who held shares on 03/11/2019 were paid a $0.04 dividend.
Valaris Limited(VAL) Company Profile
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.
