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Why Valaris Limited (NYSE: VAL) Is Worth A Spot On Your Watchlist

Valaris Limited (NYSE:VAL)’s traded shares stood at 9.91 million during the last session. At the close of trading, the stock’s price was $59.74, to imply a decrease of -3.43% or -$2.12 in intraday trading. The VAL share’s 52-week high remains $80.00, putting it -33.91% down since that peak but still an impressive 37.78% since price per share fell to its 52-week low of $37.17. The company has a valuation of $4.67B, with an average of 1.41 million shares in intraday trading volume over the past 10 days and average of 869.03K shares over the past 3 months.

Analysts have given a consensus recommendation of a Buy for Valaris Limited (VAL), translating to a mean rating of 1.70. Of 10 analyst(s) looking at the stock, 0 analyst(s) give VAL a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 9 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.57.

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Valaris Limited (NYSE:VAL) trade information

After registering a -3.43% downside in the last session, Valaris Limited (VAL) has traded red over the past five days. The stock hit a weekly high of 68.38 this Friday, 03/17/23, dropping -3.43% in its intraday price action. The 5-day price performance for the stock is -7.57%, and -24.22% over 30 days. With these gigs, the year-to-date price performance is -11.65%. Short interest in Valaris Limited (NYSE:VAL) saw shorts transact 3.12 million shares and set a 5.53 days time to cover.

Analysts on Wall Street suggest a consensus price target of $97.33, implying an increase of 38.62% to the stock’s current value. The extremes give us $82.00 and $120.00 for target low and target high price respectively. As such, VAL has been trading -100.87% off suggested target high and -37.26% from its likely low.

Valaris Limited (VAL) estimates and forecasts

Revenue is forecast to grow 54.10% this quarter before jumping 186.30% for the next one. The rating firms project that company’s revenue will grow 28.60% compared to the previous financial year.

Revenue forecast for the current quarter as set by 6 analysts is $426.47 million. Meanwhile, for the quarter ending Mar 2023, a total of 4 analyst(s) estimate revenue growth to $431.29 million.Earnings reports from the last fiscal year show that sales brought in $305.5 million and $318.4 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 39.60% before jumping 35.50% in the following quarter.

VAL Dividends

Valaris Limited has its next earnings report out between May 01 and May 05. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Valaris Limited has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Valaris Limited (NYSE:VAL)’s Major holders

Valaris Limited insiders hold 7.43% of total outstanding shares, with institutional holders owning 86.80% of the shares at 93.77% float percentage. In total, 86.80% institutions holds shares in the company, led by Oak Hill Advisors, L.P. As of Sep 29, 2022, the company held over 9.42 million shares (or 12.54% of shares), all amounting to roughly $461.26 million.

The next major institution holding the largest number of shares is Goldentree Asset Management LP with 4.98 million shares, or about 6.62% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $243.48 million.

We also have VanEck ETF Trust-VanEck Oil Services ETF and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the Valaris Limited (VAL) shares. Going by data provided on Dec 30, 2022, VanEck ETF Trust-VanEck Oil Services ETF holds roughly 1.76 million shares. This is just over 2.34% of the total shares, with a market valuation of $118.86 million. Data from the same date shows that the other fund manager holds a little less at 1.39 million, or 1.84% of the shares, all valued at about 93.73 million.

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