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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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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

Valaris Ltd (NYSE: VAL) reported Q2 2023 revenues of $415.2 million, beating the 

Valaris Posts Mixed Q2 Earnings Reflecting Fewer Operating Days For The Jackup Fleet

Valaris Ltd (NYSE: VAL) disclosed winning a 12-well contract in offshore West Africa for a total value of $364 million and also raised 

Valaris Wins $364M Offshore Contract, Boosts 2023 Shares Buyback Target

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

<p>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.</p>


Price Target

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

<p>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.</p>
<p>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.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></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><strong>Last 30D</strong></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><strong>1M Ago</strong></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><strong>2M Ago</strong></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><strong>3M Ago</strong></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>
<p>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. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1715000437_0.png" alt="price target chart" /></p>
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
<p>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.</p>
<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><strong>Action Taken:</strong> 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><strong>Rating:</strong> 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><strong>Price Targets:</strong> 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>
<p>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.</p>
<p><a href="https://www.benzinga.com/quote/VAL/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Valaris analyst ratings.</strong></a></p>
<h2>Get to Know Valaris Better</h2>
<p>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.</p>
<h3>Valaris: Delving into Financials</h3>
<p><strong>Market Capitalization:</strong> Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.</p>
<p><strong>Positive Revenue Trend:</strong> Examining Valaris's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of <strong>22.06%</strong> 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.</p>
<p><strong>Net Margin:</strong> Valaris's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of <strong>4.86%,</strong> the company showcases strong profitability and effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> Valaris's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>1.27%</strong> ROE, the company effectively utilizes shareholder equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of <strong>0.59%,</strong> the company showcases effective utilization of assets.</p>
<p><strong>Debt Management:</strong> With a below-average debt-to-equity ratio of <strong>0.57</strong>, Valaris adopts a prudent financial strategy, indicating a balanced approach to debt management.</p>
<h2>Analyst Ratings: Simplified</h2>
<p>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.</p>
<p>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.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


What Analysts Are Saying About Valaris Stock

<p>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.</p>


Reiteration

Benchmark Reiterates Buy on Valaris, Maintains $90 Price Target

<p>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.</p>


Earnings Beats

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

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

<p>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.</p>


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

<p>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.</p>


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

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Earnings Scheduled For February 22, 2024


Daniel GoldmanHouse (D-NY)	$1K - $15K	stock	Sale	Aug 13, 2023	Jun 29, 2023	House
Daniel GoldmanHouse (D-NY)	$1K - $15K	stock	Purchase	May 19, 2023	Apr 10, 2023	House

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