Valaris Ltd (VAL): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Valaris Ltd (VAL) shows that investor sentiment remained same, with the stock’s consolidated last price to $70.30. The Valaris Ltd has recorded 13,964 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Valaris Reports Third Quarter 2023 Results.

Stocks Info

This NYSE-listed company operates within the Oil & Gas Equipment & Services industry segment, falling under the Energy sector. At the end of the last regular session, the stock closed at $70.30 and fluctuated between $71.09 as its day high and $68.51 as its day low. The current market capitalization of Valaris Ltd is $5.12B. A total of 0.78 million shares were traded on the day, compared to an average of 737.83K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, VAL has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 14 BUYs and 14 SELLs from insiders. Insiders purchased 54,983 shares during that period but sold 4,657,054.

In the most recent transaction, Grable Colleen sold 5,034 shares of VAL for 75.00 per share on Aug 09. After the transaction, the VP – Controller now owns 15,074 company shares. In a previous transaction on Aug 07, OAK HILL ADVISORS LP sold 4,200,000 shares at 73.10 per share. VAL shares that 10% Owner owns now total 4,766,016.

Among the insiders who sold shares, OAK HILL ADVISORS LP disposed of 18,923 shares on Mar 09 at a per-share price of $71.65. This resulted in the 10% Owner holding 8,966,016 shares of VAL after the transaction. In another insider transaction, OAK HILL ADVISORS LP sold 258,879 shares at $71.65 per share on Mar 08. Company shares held by the 10% Owner now total 8,984,939.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for VAL in the last 3 months, the mean price target is $102.36 with high estimates of $114.00 and low estimates of $90.00. In terms of 52-week highs and lows, VAL has a high of $80.00 and a low of $54.13.

As of this writing, VAL has an earnings estimate of $0.32 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.55 per share and a lower estimate of $0.08. The company reported an EPS of -$0.39 in the last quarter, which was -21.90% lower than expectations of -$0.32.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. VAL’s latest balance sheet shows that the firm has $608.70M in Cash & Short Term Investments as of fiscal 2021. There were $545.30M in debt and $422.00M in liabilities at the time. Its Book Value Per Share was $16.20, while its Total Shareholder’s Equity was $1.06B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for VAL is Buy with a score of 5.00.