Valaris (VAL)

• Market cap: $2.2B
• 1 day: -2.92%
• 5 days: -3.94%
• 1 month: -21.90%
• 3 months: -36.56%
• 6 months: -39.61%
• Year to date: -31.17%
• 1 year: -54.58%
• 5 years: 7,273.18%
• 10 years: -63.14%
• Sector: Energy
• Industry: Oil & Gas Equipment & Services

About: Valaris Ltd is an offshore contract drilling company. The company provides offshore contract drilling services to the international oil and gas industry with operations in almost every offshore market across six continents. Its business consists of four operating segments: Floaters, which includes drillships and semisubmersible rigs; Jackups; ARO; and Other, which consists of management services on rigs owned by third parties. It generates the majority of its revenue from the Floaters segment.

Employees: 5,642

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

48% more repeat investments, than reductions

Existing positions increased: 120 | Existing positions reduced: 81

21% more first-time investments, than exits

New positions opened: 76 | Existing positions closed: 63

17% more funds holding in top 10

Funds holding in top 10: 12 [Q3] → 14 (+2) [Q4]

3% more funds holding

Funds holding: 303 [Q3] → 312 (+9) [Q4]

2% more call options, than puts

Call options by funds: $80.6M | Put options by funds: $79.2M

0.02% less ownership

Funds ownership: 93.03% [Q3] → 93.01% (-0.02%) [Q4]

22% less capital invested

Capital invested by funds: $3.76B [Q3] → $2.92B (-$840M) [Q4]

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $34 10% upside
• Avg. target: $38 22% upside
• High target: $44 42% upside

3 analyst ratings

• positive: 0 0%
• neutral: 3 100%
• negative: 0 0%

Susquehanna Charles Minervino 32% 1-year accuracy 21 / 66 met price target	10% upside $34	Neutral Maintained	14 Apr 2025
Barclays Eddie Kim 25% 1-year accuracy 3 / 12 met price target	13% upside $35	Equal-Weight Maintained	7 Apr 2025
Citigroup Scott Gruber 29% 1-year accuracy 22 / 75 met price target	42% upside $44	Neutral Maintained	19 Mar 2025