Valaris (VAL)

• Market cap: $3.42B
• 1 day: -0.93%
• 5 days: 4.43%
• 1 month: 11.49%
• 3 months: -7.49%
• 6 months: -39.04%
• Year to date: 6.80%
• 1 year: -26.21%
• 5 years: 102.70%
• 10 years: 102.70%
• Sector: Energy
• Industry: Drilling Oil & Gas Wells

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

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

44% more repeat investments, than reductions

Existing positions increased: 121 | Existing positions reduced: 84

30% more call options, than puts

Call options by funds: $88.9M | Put options by funds: $68.2M

30% more first-time investments, than exits

New positions opened: 61 | Existing positions closed: 47

3% more funds holding

Funds holding: 292 [Q2] → 302 (+10) [Q3]

6.25% less ownership

Funds ownership: 101.06% [Q2] → 94.81% (-6.25%) [Q3]

30% less capital invested

Capital invested by funds: $5.45B [Q2] → $3.84B (-$1.61B) [Q3]

37% less funds holding in top 10

Funds holding in top 10: 19 [Q2] → 12 (-7) [Q3]

Research analyst outlook

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

• Low target: $40 17% downside
• Avg. target: $50 4% upside
• High target: $59 23% upside

5 analyst ratings

• positive: 0 0%
• neutral: 4 80%
• negative: 1 20%

Evercore ISI Group James West 50% 1-year accuracy 19 / 38 met price target	23% upside $59	In-Line Downgraded	15 Jan 2025
Barclays Eddie Kim 20% 1-year accuracy 2 / 10 met price target	2% upside $49	Equal-Weight Downgraded	18 Dec 2024
Citigroup Nikhil Gupta 50% 1-year accuracy 3 / 6 met price target	2% downside $47	Neutral Downgraded	9 Dec 2024
JP Morgan Arun Jayaram 55% 1-year accuracy 17 / 31 met price target	17% downside $40	Underweight Initiated	6 Dec 2024
Susquehanna Charles Minervino 39% 1-year accuracy 28 / 71 met price target	14% upside $55	Neutral Maintained	1 Nov 2024