Valaris Ltd (NYSE: VAL) stock fell -1.52% on Monday to $67.18 against a previous-day closing price of $68.22. With 0.53 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.73 million shares. During the session, the Oil & Gas Equipment & Services company that operates in wider Energy sector, reached to the highest price of $69.87 whereas the lowest price it dropped to was $67.17. The 52-week range on VAL shows that it touched its highest point at $80.00 and its lowest point at $54.13 during that stretch. It currently has a 1-year price target of $102.36. Beta for the stock currently stands at 1.23.
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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 down-trending over the past week, with a drop of -2.91%, but this was down by -2.96% over a month. Three-month performance dropped to -8.29% while six-month performance rose 9.70%. The stock lost -0.47% in the past year, while it has lost -0.65% so far this year. A look at the trailing 12-month EPS for VAL yields 0.78 with Next year EPS estimates of 4.33. For the next quarter, that number is 0.34. This implies an EPS growth rate of -75.72% for this year and 664.59% for next year.
Float and Shares Shorts:
At present, 75.20 million VAL shares are outstanding with a float of 66.90 million shares on hand for trading. On Oct 30, 2023, short shares totaled 3.33 million, which was 4.55% higher than short shares on Sep 28, 2023. In addition to Mr. Anton Dibowitz as the firm’s President, CEO & Director, Mr. Christopher T. Weber serves as its Senior VP & CFO.
Institutional Ownership:
Through their ownership of 91.16% of VAL’s outstanding shares, institutional investors have majority control over the company.
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 $114.00 and a low target of $90.00, the average target price over the next 12 months is $102.36. Based on these targets, VAL could surge 69.69% to reach the target high and rise by 33.97% to reach the target low. Reaching the average price target will result in a growth of 52.37% from current levels.
Summary of Insider Activity:
Insiders traded VAL stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 14 while that of sell transactions has risen to 14 over the past year. The total number of shares bought during that period was 54,983 while 4,657,054 shares were sold.
