Valaris (NYSE:VAL) Stock, Quote.Headers.trade-ideas

Valaris

Valaris Ltd is the industry leader in offshore drilling services across all water depths and geographies. It is a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups. It operates in Floaters, Jackups, ARO and Others. Its majority of the revenue comes from Floaters segment which includes drillships and semisubmersible rigs.

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Calix Issues Weak Q1 Forecast, Joins Diageo And Other Big Stocks Moving Lower In Tuesday&#39;s Pre-Market Session

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Valaris Ltd (NYSE: VAL) won a 1,064-day contract for drillship VALARIS DS-4 from Petroleo Brasileiro S.A.- Petrobras  (NYSE: PBR) offshore Brazil for around $519 million, including mobilization fees &lt;

Valaris Strikes $519M Drillship Deal with Petrobras, Eyes Soaring Earnings in Rig Reshuffle

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Valaris Ltd (NYSE: VAL) reported Q3 2023 revenues of $455.1 million, missing the 

Valaris Misses Q3 Earnings On Weak Floater Revenue Efficiency &amp; Contract Delays

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Citigroup analyst Nikhil Gupta maintains Valaris (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VAL#NYSE">VAL</a>) with a Buy and lowers the price target from $95 to $71.

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Citigroup Maintains Buy on Valaris, Lowers Price Target to $71

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Shares of oil and gas companies are trading lower following reports suggesting an impending deal will restart Libyan oil production and exports.

Barclays analyst Eddie Kim maintains Valaris (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VAL#NYSE">VAL</a>) with a Overweight and lowers the price target from $98 to $91.

Barclays Maintains Overweight on Valaris, Lowers Price Target to $91

Benchmark analyst Kurt Hallead reiterates Valaris (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VAL#NYSE">VAL</a>) with a Buy and maintains $90 price target.

Reiteration

Benchmark Reiterates Buy on Valaris, Maintains $90 Price Target

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Shares of oil and gas stocks are trading lower despite Middle East tensions. Weak US economic data may be weighing on demand outlook.

Valaris shares are trading lower. The company reported Q2 financial results.

Valaris (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VAL#NYSE">VAL</a>) reported quarterly earnings of $2.03 per share which beat the analyst consensus estimate of $0.71 by 185.92 percent. The company reported quarterly sales of $610.00 million which beat the analyst consensus estimate of $578.12 million by 5.51 percent.

Earnings Beats

Valaris Q2 2024 Adj EPS $2.03 Beats $0.71 Estimate, Sales $610.00M Beat $578.12M Estimate

Valaris Awarded Multi-Year $498M Contract With Equinor For Drillship VALARIS DS-17; Project Raia Offshore Brazil To Last 852 Days

Barclays analyst Eddie Kim maintains Valaris (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VAL#NYSE">VAL</a>) with a Overweight and lowers the price target from $102 to $98.

Barclays Maintains Overweight on Valaris, Lowers Price Target to $98

Providing a diverse range of perspectives from bullish to bearish, 5 analysts have published ratings on Valaris (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VAL#NYSE">VAL</a>) in the last three months.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $98.4, with a high estimate of $105.00 and a low estimate of $90.00. This current average has decreased by 7.17% from the previous average price target of $106.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1715000437_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The standing of Valaris among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Kurt Hallead</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$90.00</td>
<td>-</td>
</tr>
<tr>
<td>Kurt Hallead</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$90.00</td>
<td>-</td>
</tr>
<tr>
<td>David Anderson</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$102.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>James West</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$105.00</td>
<td>$107.00</td>
</tr>
<tr>
<td>David Anderson</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$105.00</td>
<td>$106.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Valaris. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Valaris compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Valaris's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Valaris's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/VAL/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Valaris analyst ratings.</a>
<h2>Get to Know Valaris Better</h2>
Valaris Ltd is the industry leader in offshore drilling services across all water depths and geographies. It is a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups. It operates in Floaters, Jackups, ARO and Others. Its majority of the revenue comes from Floaters segment which includes drillships and semisubmersible rigs.
<h3>Valaris: Delving into Financials</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Positive Revenue Trend: Examining Valaris's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 22.06% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Energy sector.
Net Margin: Valaris's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 4.86%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Valaris's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.27% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 0.59%, the company showcases effective utilization of assets.
Debt Management: With a below-average debt-to-equity ratio of 0.57, Valaris adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>Analyst Ratings: Simplified</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What Analysts Are Saying About Valaris Stock

Valaris (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VAL#NYSE">VAL</a>) reported quarterly earnings of $0.35 per share which beat the analyst consensus estimate of $0.02 by 1650 percent. This is a 42.62 percent decrease over earnings of $0.61 per share from the same period last year. The company reported quarterly sales of $525.000 million which beat the analyst consensus estimate of $498.214 million by 5.38 percent. This is a 22.06 percent increase over sales of $430.100 million the same period last year.

Valaris Q1 2024 GAAP EPS $0.35 Beats $0.02 Estimate, Sales $525.000M Beat $498.214M Estimate

Shares of oil and gas companies are trading lower amid reports of Middle East peace talks.

The rig&#39;s contract was previously scheduled to end in December 2024. The suspension notice is for a period of up to twelve months and ARO is in discussions with Aramco to determine the effective date of the suspension.

Valaris Says ARO Drilling, Its JV In Saudi Arabia, Received Notice Of Suspension From Aramco For One Of Its 19 Contracted Rigs, Jackup VALARIS 143

Barclays analyst David Anderson maintains Valaris (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VAL#NYSE">VAL</a>) with a Overweight and lowers the price target from $105 to $102.

Barclays Maintains Overweight on Valaris, Lowers Price Target to $102

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Earnings Scheduled For February 22, 2024

The company reported quarterly sales of $483.80 million which missed the analyst consensus estimate of $485.43 million by 0.34 percent. This is a 11.58 percent increase over sales of $433.60 million the same period last year.
Q4&nbsp;Net income increased to $829 million from $17 million in the third quarter 2023. Net income for the fourth quarter 2023 included a tax benefit of $790 million.

Valaris Q4 EPS $11.30, Sales $483.80M Miss $485.43M Estimate

Valaris (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VAL#NYSE">VAL</a>) is set to give its latest quarterly earnings report on Thursday, 2024-02-22. Here's what investors need to know before the announcement.
Analysts estimate that Valaris will report an earnings per share (EPS) of $0.14. 
Valaris bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.11, which was followed by a 2.3% drop in the share price the next day.
Here's a look at Valaris's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.28</td>
<td>-0.26</td>
<td>-0.35</td>
<td>0.57</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.17</td>
<td>-0.39</td>
<td>0.61</td>
<td>0.38</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-2.3%</td>
<td>-1.26%</td>
<td>-4.39%</td>
<td>-8.99%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1708527651_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Valaris were trading at $62.94 as of February 20. Over the last 52-week period, shares are down 1.01%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/VAL/earnings">To track all earnings releases for Valaris visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Valaris

U.S. stock futures were lower this morning, with the Dow futures falling around 50 points on Tuesday.
Shares of Calix, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/calx#NYSE">CALX</a>) fell sharply in pre-market trading after the company issued first-quarter adjusted EPS and revenue <a href="https://www.benzinga.com/quote/CALX/earnings">guidance below estimates</a>.
Calix said it sees first-quarter adjusted earnings of 17 cents to 23 cents per share, versus analysts&rsquo; estimates of 38 cents per share. It expects revenue of $225 million to $231 million, versus expectations of $267.57 million, according to data from <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Calix shares dipped 25.4% to $33.03 in pre-market trading.
Here are some big stocks recording losses in today&rsquo;s pre-market trading session.
<ul>
<li>Nyxoah S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nyxh#NASDAQ">NYXH</a>) shares dipped 22.4% to $9.58 in pre-market trading after surging 31% on Monday.</li>
<li>Borr Drilling Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/borr#NYSE">BORR</a>) shares fell 8.9% to $6.72 in pre-market trading.</li>
<li>PDD Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pdd#NASDAQ">PDD</a>) shares slipped 4.8% to $123.95 in pre-market trading after dipping over 8% on Monday.</li>
<li>MINISO Group Holding Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mnso#NYSE">MNSO</a>) shares declined 4.6% to $16.85 in pre-market trading after dipping over 10% on Monday.</li>
<li>Valaris Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/val#NYSE">VAL</a>) shares fell 4.6% to $65.35 in pre-market trading.</li>
<li>BrightSpring Health Services, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/btsg#NASDAQ">BTSG</a>) shares declined 4.3% to $10.11 in pre-market trading following a 4% fall on Monday.</li>
<li>J-Long Group Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jl#NASDAQ">JL</a>) shares declined 4.1% to $10.90 in pre-market trading after gaining 13% on Monday. J-Long Group&rsquo;s began trading on the Nasdaq Global Market on Jan. 24. The company announced the closing of its initial public offering of 1,400,000 ordinary shares at a public offering price of $5.00 per share and listed the aggregate gross proceeds from the offering at $7 million.</li>
<li>Diageo plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/deo#NYSE">DEO</a>) shares fell 3.2% to $139.90 in pre-market trading as the company reported a decline in profit for the first half of fiscal 2024.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/01/36838488/investor-optimism-improves-slightly-ahead-of-big-earnings-feds-policy-decision"> Investor Optimism Improves Slightly Ahead Of Big Earnings, Fed&#39;s Policy Decision</a>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>

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Valaris (VAL) Forecast

Valaris (NYSE:VAL) Stock, Quote.Headers.trade-ideas