VAL Stock Summary and Trading Ideas (Valaris Limited Common Shares | NYSE:VAL)

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. It operates in Floaters, Jackups, ARO and Others. Its majority of the revenue comes from Floaters segment which includes drillships and semisubmersible rigs.

Valaris Limited Common Shares trades on the NYSE stock market under the symbol VAL.

As of May 14, 2024, VAL stock price climbed to $74.12 with 301,139 million shares trading.

VAL has a beta of 0.87, meaning it tends to be less sensitive to market movements. VAL has a correlation of 0.12 to the broad based SPY ETF.

VAL has a market cap of $5.37 billion. This is considered a Mid Cap stock.

Last quarter Valaris Limited Common Shares reported $525 million in Revenue and $.35 earnings per share. This beat revenue expectation by $27 million and exceeded earnings estimates by $.30.

In the last 3 years, VAL stock traded as high as $80.00 and as low as $20.56.

The top ETF exchange traded funds that VAL belongs to (by Net Assets): IJH, IWM, OIH, VXF, MDY.

VAL stock has underperformed the market in the last year with a return of +24.6%, while SPY returned +28.4%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in VAL shares. However, VAL has outperformed the market in the last 3 month and 2 week periods, returning +13.3% and +7.3%, while SPY returned +5.9% and +2.3%, respectively. This indicates VAL has been having a stronger performance recently.

VAL support price is $72.26 and resistance is $75.80 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that VAL stock will trade within this expected range on the day.