Market Watch: Valaris Ltd (VAL)’s Noteworthy Gain, Closing at 78.06

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As of close of business last night, Valaris Ltd’s stock clocked out at $78.06, up 2.08% from its previous closing price of $76.47. In other words, the price has increased by $2.08 from its previous closing price. On the day, 1.18 million shares were traded. VAL stock price reached its highest trading level at $80.53 during the session, while it also had its lowest trading level at $77.6.

Ratios:

To gain a deeper understanding of VAL’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.47 and its Current Ratio is at 1.47. In the meantime, Its Debt-to-Equity ratio is 0.57 whereas as Long-Term Debt/Eq ratio is at 0.56.

On November 28, 2023, CapitalOne started tracking the stock assigning a Overweight rating and target price of $100.

Barclays Upgraded its Equal Weight to Overweight on November 09, 2023, whereas the target price for the stock was revised from $84 to $106.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 5652386816 and an Enterprise Value of 6327088640. As of this moment, Valaris’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.83, and their Forward P/E ratio for the next fiscal year is 7.94. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.01 while its Price-to-Book (P/B) ratio in mrq is 2.80. Its current Enterprise Value per Revenue stands at 3.367 whereas that against EBITDA is 37.661.

Stock Price History:

Over the past 52 weeks, VAL has reached a high of $80.77, while it has fallen to a 52-week low of $60.06. The 50-Day Moving Average of the stock is 4.73%, while the 200-Day Moving Average is calculated to be 11.90%.

Shares Statistics:

It appears that VAL traded 969.51K shares on average per day over the past three months and 992354 shares per day over the past ten days. A total of 72.40M shares are outstanding, with a floating share count of 66.26M. Insiders hold about 8.50% of the company’s shares, while institutions hold 89.34% stake in the company. Shares short for VAL as of 1719532800 were 7836168 with a Short Ratio of 8.08, compared to 1717113600 on 4943449. Therefore, it implies a Short% of Shares Outstanding of 7836168 and a Short% of Float of 12.060001.

Earnings Estimates

The market rating of Valaris Ltd (VAL) is currently shaped by the ongoing analysis conducted by 10.0 analysts closely monitoring its performance.On average, analysts expect EPS of $0.72 for the current quarter, with a high estimate of $0.96 and a low estimate of $0.53, while EPS last year was -$0.39. The consensus estimate for the next quarter is $1.42, with high estimates of $1.78 and low estimates of $0.86.

Analysts are recommending an EPS of between $4.85 and $2.8 for the fiscal current year, implying an average EPS of $4.17. EPS for the following year is $9.75, with 12.0 analysts recommending between $12.0 and $7.74.

Revenue Estimates

In the current quarter, 9 analysts expect revenue to total $577.34M. It ranges from a high estimate of $595M to a low estimate of $545.58M. As of the current estimate, Valaris Ltd’s year-ago sales were $415.2MFor the next quarter, 9 analysts are estimating revenue of $597.12M. There is a high estimate of $629M for the next quarter, whereas the lowest estimate is $585M.

A total of 12 analysts have provided revenue estimates for VAL’s current fiscal year. The highest revenue estimate was $2.38B, while the lowest revenue estimate was $2.27B, resulting in an average revenue estimate of $2.33B. In the same quarter a year ago, actual revenue was $1.78BBased on 12 analysts’ estimates, the company’s revenue will be $2.82B in the next fiscal year. The high estimate is $2.94B and the low estimate is $2.66B.

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