In the latest session, Valaris Ltd (NYSE: VAL) closed at $73.37 down -4.29% from its previous closing price of $76.66. In other words, the price has decreased by -$3.29 from its previous closing price. On the day, 1311508 shares were traded.
Ratios:
For a deeper understanding of Valaris Ltd’s stock, let’s take a closer look at its various 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 5.31B and an Enterprise Value of 5.85B. As of this moment, Valaris’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.27, and their Forward P/E ratio for the next fiscal year is 7.17. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.98 while its Price-to-Book (P/B) ratio in mrq is 2.67. Its current Enterprise Value per Revenue stands at 3.28 whereas that against EBITDA is 23.00.
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 67.67, while the 200-Day Moving Average is calculated to be 69.21.
Shares Statistics:
For the past three months, VAL has traded an average of 929.97K shares per day and 798.22k over the past ten days. 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 89.07% stake in the company. Shares short for VAL as of Mar 15, 2024 were 4.2M with a Short Ratio of 4.52, compared to 3.49M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.80% and a Short% of Float of 6.63%.
Earnings Estimates
There are 8 different market analysts currently analyzing its stock. 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 $1.09, 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 $10.01, with 9 analysts recommending between $12.9 and $8.14.
Revenue Estimates
A total of 7 analysts believe the company’s revenue will be $498.21M this 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, 6 analysts are estimating revenue of $569.18M, an increase of 37.10% 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 10 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 29.50% from the average estimate. Based on 10 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 21.70% from the average revenue estimate for this year.
