In a report released today, Eddie Kim from Barclays maintained a Buy rating on Valaris (VAL – Research Report), with a price target of $98.00. The company’s shares closed yesterday at $74.59.
Kim covers the Energy sector, focusing on stocks such as Transocean, Noble Corporation PLC Class A, and Valaris. According to TipRanks, Kim has an average return of 20.2% and a 79.17% success rate on recommended stocks.
Currently, the analyst consensus on Valaris is a Moderate Buy with an average price target of $94.00, representing a 26.02% upside. In a report released on May 6, Benchmark Co. also maintained a Buy rating on the stock with a $90.00 price target.
Based on Valaris’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $483.8 million and a net profit of $835.2 million. In comparison, last year the company earned a revenue of $433.6 million and had a net profit of $29.2 million
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Valaris (VAL) Company Description:
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.
