Valaris Ltd (NYSE: VAL): To Buy Or Not To Buy, That Is The Question

Valaris Ltd (VAL) concluded trading on Wednesday at a closing price of $47.20, with 3.34 million shares of worth about $157.44 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -37.24% during that period and on November 20, 2024 the price saw a gain of about 1.70%. Currently the company’s common shares owned by public are about 72.40M shares, out of which, 64.71M shares are available for trading.

Stock saw a price change of -4.65% in past 5 days and over the past one month there was a price change of -6.26%. Year-to-date (YTD), VAL shares are showing a performance of -31.17% which decreased to -29.74% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $46.03 but also hit the highest price of $84.20 during that period. The average intraday trading volume for Valaris Ltd shares is 1.36 million. The stock is currently trading -4.82% below its 20-day simple moving average (SMA20), while that difference is down -9.61% for SMA50 and it goes to -27.88% lower than SMA200.

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Valaris Ltd (NYSE: VAL) currently have 72.40M outstanding shares and institutions hold larger chunk of about 97.14% of that.

The stock has a current market capitalization of $3.36B and its 3Y-monthly beta is at 1.13. PE ratio of stock for trailing 12 months is 3.24, while it has posted earnings per share of $14.56 in the same period. It has Quick Ratio of 1.54 while making debt-to-equity ratio of 0.55. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for VAL, volatility over the week remained 4.17% while standing at 3.78% over the month.

Stock’s fiscal year EPS is expected to drop by -63.74% while it is estimated to increase by 33.44% in next year.

Coverage by Susquehanna stated Valaris Ltd (VAL) stock as a Neutral in their note to investors on September 24, 2024, suggesting a price target of $62 for the stock. On July 16, 2024, Pickering Energy Partners Downgrade their recommendations, while on November 28, 2023, CapitalOne Initiated their ratings for the stock with a price target of $100. Stock get an Overweight rating from Barclays on November 09, 2023.

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