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After finishing at $69.31 in the prior trading day, Valaris Ltd (NYSE: VAL) closed at $67.93, down -1.99%. In other words, the price has decreased by -$1.99 from its previous closing price. On the day, 0.66 million shares were traded. VAL stock price reached its highest trading level at $70.765 during the session, while it also had its lowest trading level at $67.92.
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 4918824960 and an Enterprise Value of 5463127040. As of this moment, Valaris’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.80, and their Forward P/E ratio for the next fiscal year is 6.72. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.76 while its Price-to-Book (P/B) ratio in mrq is 2.47. Its current Enterprise Value per Revenue stands at 3.062 whereas that against EBITDA is 38.419.
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 -1.25%, while the 200-Day Moving Average is calculated to be -2.74%.
Shares Statistics:
The stock has traded on average 917.55K shares per day over the past 3-months and 799570 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 89.17% stake in the company. Shares short for VAL as of 1711584000 were 4141351 with a Short Ratio of 4.51, compared to 1709164800 on 4041386. Therefore, it implies a Short% of Shares Outstanding of 4141351 and a Short% of Float of 6.54.
Earnings Estimates
Valaris Ltd (VAL) is currently under the scrutiny of E-mini Russell 1000 Value Index analysts, each contributing to the ongoing evaluation of its stock.The consensus estimate for the next quarter is $48.74, with high estimates of $47.88 and low estimates of $13.89.
Analysts are recommending an EPS of between $Industrials and $Industrials for the fiscal current year, implying an average EPS of $Industrials. EPS for the following year is $Stocks, with Future analysts recommending between $Stocks and $Stocks.
