Valaris Q4 EPS Estimate Reduced by Capital One Financial

Valaris Limited (NYSE:VAL) – Research analysts at Capital One Financial cut their Q4 2024 earnings estimates for shares of Valaris in a note issued to investors on Tuesday, February 18th. Capital One Financial analyst D. Becker now anticipates that the company will post earnings of $0.85 per share for the quarter, down from their previous estimate of $1.32. The consensus estimate for Valaris’ current full-year earnings is $5.39 per share. Capital One Financial also issued estimates for Valaris’ Q1 2025 earnings at $0.86 EPS, Q2 2025 earnings at $1.09 EPS, Q3 2025 earnings at $1.05 EPS, Q4 2025 earnings at $0.19 EPS, FY2025 earnings at $3.21 EPS, Q1 2026 earnings at $0.23 EPS, Q2 2026 earnings at $0.97 EPS, Q3 2026 earnings at $1.55 EPS, Q4 2026 earnings at $2.02 EPS and FY2026 earnings at $4.75 EPS.

A number of other research firms have also recently weighed in on VAL. Susquehanna lowered their price target on shares of Valaris from $61.00 to $55.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Evercore ISI cut Valaris from an “outperform” rating to an “in-line” rating and lowered their price target for the stock from $87.00 to $59.00 in a report on Wednesday, January 15th. Barclays reiterated an “equal weight” rating and set a $49.00 target price (down from $59.00) on shares of Valaris in a research report on Wednesday, December 18th. StockNews.com raised Valaris to a “sell” rating in a research note on Thursday. Finally, Citigroup lifted their price objective on Valaris from $47.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat, Valaris presently has an average rating of “Hold” and a consensus price target of $56.83.

Valaris Stock Performance

NYSE VAL opened at $44.60 on Friday. The business’s 50-day moving average price is $45.45 and its 200 day moving average price is $50.85. Valaris has a 52-week low of $39.90 and a 52-week high of $84.20. The firm has a market cap of $3.17 billion, a P/E ratio of 8.68 and a beta of 1.10. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.51.

Valaris (NYSE:VAL) last posted its earnings results on Wednesday, February 19th. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.68. The firm had revenue of $584.40 million during the quarter, compared to analysts’ expectations of $578.01 million. Valaris had a return on equity of 17.67% and a net margin of 15.81%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in Valaris by 55.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,300,577 shares of the company’s stock valued at $101,771,000 after acquiring an additional 821,304 shares during the last quarter. Norges Bank acquired a new stake in Valaris in the fourth quarter worth $31,949,000. Condire Management LP grew its position in shares of Valaris by 34.1% during the fourth quarter. Condire Management LP now owns 2,618,678 shares of the company’s stock worth $115,850,000 after acquiring an additional 665,718 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Valaris in the 4th quarter valued at about $21,747,000. Finally, AQR Capital Management LLC increased its stake in shares of Valaris by 942.1% in the fourth quarter. AQR Capital Management LLC now owns 381,463 shares of the company’s stock valued at $16,502,000 after purchasing an additional 344,857 shares during the period. Hedge funds and other institutional investors own 96.74% of the company’s stock.

About Valaris

Valaris Limited, together with its subsidiaries, provides offshore contract drilling services Gulf of Mexico, South America, North Sea, the Middle East, Africa, and the Asia Pacific. The company operates through four segments: Floaters, Jackups, ARO, and Other. It owns an offshore drilling rig fleet, which include drillships, dynamically positioned semisubmersible rigs, moored semisubmersible rig, and jackup rigs.