Valaris (VAL)

• Market cap: $2.93B
• 1 day: 0.73%
• 5 days: -4.12%
• 1 month: -12.67%
• 3 months: -25.47%
• 6 months: -43.17%
• Year to date: -39.46%
• 1 year: -38.72%
• 5 years: 73.92%
• 10 years: 73.92%
• 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

31% more call options, than puts

Call options by funds: $82.7M | Put options by funds: $63.1M

20% more first-time investments, than exits

New positions opened: 61 | Existing positions closed: 51

3% more funds holding

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

6.86% less ownership

Funds ownership: 99.9% [Q2] → 93.04% (-6.86%) [Q3]

30% less capital invested

Capital invested by funds: $5.39B [Q2] → $3.76B (-$1.62B) [Q3]

37% less funds holding in top 10

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

Research analyst outlook

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

• Low target: $40 3% downside
• Avg. target: $48 16% upside
• High target: $55 33% upside

4 analyst ratings

• positive: 0 0%
• neutral: 3 75%
• negative: 1 25%

Barclays Eddie Kim 20% 1-year accuracy 2 / 10 met price target	19% upside $49	Equal-Weight Downgraded	18 Dec 2024
Citigroup Nikhil Gupta 0% 1-year accuracy 0 / 6 met price target	14% upside $47	Neutral Downgraded	9 Dec 2024
JP Morgan Arun Jayaram 41% 1-year accuracy 11 / 27 met price target	3% downside $40	Underweight Initiated	6 Dec 2024
Susquehanna Charles Minervino 29% 1-year accuracy 19 / 66 met price target	33% upside $55	Neutral Maintained	1 Nov 2024