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 April 26, 2024, VAL stock price climbed to $69.20 with 432,467 million shares trading.

VAL has a beta of 0.84, meaning it tends to be less sensitive to market movements. VAL has a correlation of 0.11 to the broad based SPY ETF.

VAL has a market cap of $5.01 billion. This is considered a Mid Cap stock.

Last quarter Valaris Limited Common Shares reported $484 million in Revenue and $.61 earnings per share. This fell short of revenue expectation by $-2 million and exceeded earnings estimates by $.47.

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

VAL has underperformed the market in the last year with a price return of +17.9% while the SPY ETF gained +27.4%. VAL has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +0.7% and -2.3%, respectively, while the SPY returned +4.6% and -0.5%, respectively.

VAL support price is $66.34 and resistance is $69.22 (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.