It is Poised to be a Bull Market for Valaris Ltd (VAL)

With 1.29 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.22 million shares. The 52-week range on VAL shows that it touched its highest point at $84.20 and its lowest point at $27.15 during that stretch. It currently has a 1-year price target of $45.53. Beta for the stock currently stands at 1.11.

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 6.26%, but this was up by 14.81% over a month. Three-month performance dropped to -16.68% while six-month performance fell -22.49%. The stock lost -46.86% in the past year, while it has lost -13.63% so far this year. A look at the trailing 12-month EPS for VAL yields 4.26 with Next year EPS estimates of 3.93. For the next quarter, that number is 1.24. This implies an EPS growth rate of -36.34% for this year and 20.02% for next year.

Float and Shares Shorts:

At present, 71.10 million VAL shares are outstanding with a float of 62.95 million shares on hand for trading.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VAL since 3 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $4.3755 being high and $4.01012 being low. For VAL, this leads to a yearly average estimate of $4.19281. Based on analyst estimates, the high estimate for the next quarter is $1.34 and the low estimate is $0.67. The average estimate for the next quarter is thus $1.03.