After finishing at $73.84 in the prior trading day, Valaris Ltd (NYSE: VAL) closed at $74.33, up 0.66%. In other words, the price has increased by $+0.49 from its previous closing price. On the day, 740193 shares were traded.
Ratios:
Our goal is to gain a better understanding of VAL by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.61 and its Current Ratio is at 1.61. In the meantime, Its Debt-to-Equity ratio is 0.58 whereas as Long-Term Debt/Eq ratio is at 0.57.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, CapitalOne on November 28, 2023, initiated with a Overweight rating and assigned the stock a target price of $100.
On November 09, 2023, Barclays Upgraded its rating to Overweight which previously was Equal Weight and also upped its target price recommendation from $84 to $106.
On July 05, 2023, Citigroup started tracking the stock assigning a Buy rating and target price of $85.Citigroup initiated its Buy rating on July 05, 2023, with a $85 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 09 ’23 when Grable Colleen sold 5,034 shares for $75.00 per share. The transaction valued at 377,550 led to the insider holds 15,074 shares of the business.
OAK HILL ADVISORS LP sold 4,200,000 shares of VAL for $307,020,000 on Aug 07 ’23. The 10% Owner now owns 4,766,016 shares after completing the transaction at $73.10 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, VAL now has a Market Capitalization of 5.38B and an Enterprise Value of 5.92B. As of this moment, Valaris’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.35, and their Forward P/E ratio for the next fiscal year is 7.18. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.02 while its Price-to-Book (P/B) ratio in mrq is 2.71. Its current Enterprise Value per Revenue stands at 3.32 whereas that against EBITDA is 23.28.
Stock Price History:
Over the past 52 weeks, VAL has reached a high of $78.92, while it has fallen to a 52-week low of $54.13. The 50-Day Moving Average of the stock is 66.35, while the 200-Day Moving Average is calculated to be 68.64.
Shares Statistics:
The stock has traded on average 893.62K shares per day over the past 3-months and 830.78k shares per day over the last 10 days, according to various share statistics. A total of 72.40M shares are outstanding, with a floating share count of 66.17M. Insiders hold about 8.62% of the company’s shares, while institutions hold 89.09% stake in the company. Shares short for VAL as of Feb 29, 2024 were 4.04M with a Short Ratio of 4.52, compared to 3.81M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.58% and a Short% of Float of 6.38%.
Earnings Estimates
Its stock is currently analyzed by 7 different market analysts. On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0.4 and a low estimate of -$0.38, while EPS last year was $0.61. The consensus estimate for the next quarter is $1.12, with high estimates of $1.5 and low estimates of $0.79.
Analysts are recommending an EPS of between $5.05 and $2.72 for the fiscal current year, implying an average EPS of $4.15. EPS for the following year is $9.95, with 8 analysts recommending between $12.9 and $8.14.
Revenue Estimates
6 analysts predict $498.17M in revenue for the current quarter. It ranges from a high estimate of $512M to a low estimate of $491M. As of the current estimate, Valaris Ltd’s year-ago sales were $430.1M, an estimated increase of 15.80% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $573.2M, an increase of 38.10% over than the figure of $15.80% in the same quarter last year. There is a high estimate of $596M for the next quarter, whereas the lowest estimate is $543M.
A total of 9 analysts have provided revenue estimates for VAL’s current fiscal year. The highest revenue estimate was $2.35B, while the lowest revenue estimate was $2.23B, resulting in an average revenue estimate of $2.31B. In the same quarter a year ago, actual revenue was $1.78B, up 29.30% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $2.81B in the next fiscal year. The high estimate is $3.09B and the low estimate is $2.66B. The average revenue growth estimate for next year is up 21.60% from the average revenue estimate for this year.
