Prepare Yourself for Liftoff: Valaris Limited (VAL)

Valaris Limited (NYSE: VAL) stock fell -0.07% on Tuesday to $61.20 against a previous-day closing price of $61.24. With 0.95 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.12 million shares. During the session, the Oil & Gas Equipment & Services company that operates in wider Energy sector, reached to the highest price of $63.50 whereas the lowest price it dropped to was $61.15. The 52-week range on VAL shows that it touched its highest point at $80.00 and its lowest point at $37.17 during that stretch. It currently has a 1-year price target of $92.62.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VAL was up-trending over the past week, with a rise of 5.86%, but this was down by -2.89% over a month. Three-month performance dropped to -5.48% while six-month performance fell -8.56%. The stock gained 9.32% in the past year, while it has lost -9.49% so far this year. A look at the trailing 12-month EPS for VAL yields 3.46 with Next year EPS estimates of 6.45. For the next quarter, that number is -0.24. This implies an EPS growth rate of 103.90% for this year and 355.80% for next year.

Float and Shares Shorts:

At present, 75.40 million VAL shares are outstanding with a float of 69.63 million shares on hand for trading. On Apr 27, 2023, short shares totaled 4.6 million, which was 6.12% higher than short shares on Mar 30, 2023. In addition to Mr. Anton Dibowitz as the firm’s Pres, CEO & Director, Mr. Christopher T. Weber serves as its Sr. VP & CFO.

Institutional Ownership:

Through their ownership of 86.83% of VAL’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 56.48% of VAL, in contrast to 29.71% held by mutual funds. Shares owned by individuals account for 12.50%. As the largest shareholder in VAL with 11.96% of the stake, Oak Hill Advisors LP holds 8,991,107 shares worth 8,991,107. A second-largest stockholder of VAL, BlackRock Fund Advisors, holds 6,145,066 shares, controlling over 8.17% of the firm’s shares. Orbis Investment Management Ltd. is the third largest shareholder in VAL, holding 3,539,312 shares or 4.71% stake. With a 2.50% stake in VAL, the iShares Core S&P Mid Cap ETF is the largest stakeholder. A total of 1,876,781 shares are owned by the mutual fund manager. The VanEck Oil Services ETF, which owns about 2.09% of VAL stock, is the second-largest Mutual Fund holder. It holds 1,573,980 shares valued at 94.44 million. iShares Russell 2000 ETF holds 1.72% of the stake in VAL, owning 1,289,466 shares worth 77.37 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, VAL reported revenue of $413.30M and operating income of $10.20M. The EBITDA in the recently reported quarter was $198.90M and diluted EPS was $1.48.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VAL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With VAL analysts setting a high price target of $120.00 and a low target of $80.00, the average target price over the next 12 months is $97.00. Based on these targets, VAL could surge 96.08% to reach the target high and rise by 30.72% to reach the target low. Reaching the average price target will result in a growth of 58.5% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded VAL stock several times over the past three months with 5 Buys and 4 Sells. In these transactions, 24,456 shares were bought while 446,806 shares were sold. The number of buy transactions has increased to 19 while that of sell transactions has risen to 11 over the past year. The total number of shares bought during that period was 98,330 while 456,451 shares were sold.

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