Valaris
About: Valaris Ltd is the industry leader in offshore drilling services across all water depths and geographies. It is a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups. It operates in Floaters, Jackups, ARO and Others. Its majority of the revenue comes from Floaters segment which includes drillships and semisubmersible rigs.
Employees: 5,985
0
Funds holding %
of 7,139 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
44% more repeat investments, than reductions
Existing positions increased: 118 | Existing positions reduced: 82
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]
2% more funds holding
Funds holding: 303 [Q3] → 310 (+7) [Q4]
2% more call options, than puts
Call options by funds: $80.6M | Put options by funds: $79.2M
1.93% less ownership
Funds ownership: 94.81% [Q3] → 92.87% (-1.93%) [Q4]
24% less capital invested
Capital invested by funds: $3.84B [Q3] → $2.92B (-$916M) [Q4]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$40
4%
downside
Avg. target
$48
16%
upside
High target
$59
41%
upside
6 analyst ratings
0 positive
0%
5 neutral
83%
1 negative
17%
Susquehanna Charles Minervino 38% 1-year accuracy 26 / 69 met price target | 12%upside $47 | Neutral Maintained | 21 Feb 2025 |
Citigroup Scott Gruber 45% 1-year accuracy 32 / 71 met price target | 15%upside $48 | Neutral Maintained | 30 Jan 2025 |
Evercore ISI Group James West 57% 1-year accuracy 21 / 37 met price target | 41%upside $59 | In-Line Downgraded | 15 Jan 2025 |
Barclays Eddie Kim 0% 1-year accuracy 0 / 10 met price target | 17%upside $49 | Equal-Weight Downgraded | 18 Dec 2024 |
Citigroup Nikhil Gupta 0% 1-year accuracy 0 / 6 met price target | 12%upside $47 | Neutral Downgraded | 9 Dec 2024 |
Financial journalist opinion
Based on 7 articles about VAL published over the past 30 days
Neutral
Zacks Investment Research
1 day ago
Valaris Streamlines Drilling Fleet & Sells Jack-Up Rig for $24M
VAL plans to retire the VALARIS DPS-5, VALARIS DPS-3 and VALARIS DPS-6 semi-submersible rigs. These rigs may be upcycled for alternative purposes or scrapped entirely.
Neutral
Seeking Alpha
1 day ago
Valaris Limited (VAL) Q4 2024 Earnings Call Transcript
Valaris Limited (NYSE:VAL ) Q4 2024 Earnings Conference Call February 20, 2025 10:00 AM ET Company Participants Nick Georgas - Vice President, Treasurer and Investor Relations Anton Dibowitz - President and Chief Executive Officer Matt Lyne - Senior Vice President and Chief Commercial Officer Chris Weber - Senior Vice President and Chief Financial Officer Conference Call Participants Eddie Kim - Barclays Fredrik Stene - Clarksons Securities Kurt Hallead - Benchmark David Smith - Pickering Energy Partners Arun Jayaram - JPMorgan Operator Good day, and welcome to the Valaris Fourth Quarter 2024 Results Conference Call. All participants will be in a listen-only mode.
Neutral
Business Wire
2 days ago
Valaris Reports Fourth Quarter 2024 Results
HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") today reported fourth quarter 2024 results. President and Chief Executive Officer Anton Dibowitz said, “We continued to deliver solid operating and financial performance, achieving fleetwide revenue efficiency of 96% in the fourth quarter and 97% for the full year. We also had outstanding safety performance in 2024 and are proud to have been recognized with safety awards by both the IADC and the Center.
Neutral
Business Wire
3 days ago
Valaris Announces Fleet Rationalization and Issues Fleet Status Report
HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) today announced several fleet rationalization actions and issued a Fleet Status Report. Fleet Rationalization Actions The Company recently decided to retire three semisubmersibles from its fleet: VALARIS DPS-5, which has been idle since last working in third quarter 2024, as well as VALARIS DPS-3 and VALARIS DPS-6, which have been stacked for several years. The Company expects that these rigs will be re.
Positive
Zacks Investment Research
1 week ago
Valaris Limited (VAL) Reports Next Week: Wall Street Expects Earnings Growth
Valaris (VAL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Positive
MarketBeat
1 week ago
3 Stocks to Gain From the Rising Demand in Offshore Drilling
President Trump's “Drill, baby, drill” initiatives may cause a demand spike for offshore drillers. Trump signed an executive order attempting to remove former President Biden's permanent offshore drilling ban over 625 million acres of federal waters.
Neutral
Business Wire
3 weeks ago
Valaris Schedules Fourth Quarter 2024 Earnings Release and Conference Call
HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Schedules Fourth Quarter 2024 Earnings Release and Conference Call.
Neutral
Zacks Investment Research
1 month ago
VAL, PTEN, RIG: 3 Oil & Gas Drilling Stocks Holding Promise
Following a careful analysis of the Zacks Oil and Gas - Drilling industry, we advise focusing on companies like VAL, RIG and PTEN.
Neutral
Market Watch
2 months ago
Tax-related selling is hitting these 7 stocks — but their loss could be your gain
Foot Locker, CVS Health and Charles River Laboratories are among hard-hit stocks that look ready to recover.
Positive
Seeking Alpha
3 months ago
Valaris: Attractive Price To Position For Long-Term Offshore Recovery
Valaris, a leading offshore driller, has a strong financial position but faces near-term challenges due to idle rigs and deferred oil company CapEx. Despite reduced 2024 EBITDA guidance, long-term prospects remain positive, with expected offshore oil production growth and potential sector recovery from 2026. Management will provide 2025 guidance with Q4 earnings, potentially presenting a buying opportunity if market expectations are disappointed.
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