VAL - Valaris plc

NYSE - NYSE Delayed Price. Currency in USD
0.3274
-0.0038 (-1.15%)
At close: 4:00PM EDT
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Commodity Channel Index

Commodity Channel Index

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close0.3312
Open0.3300
Bid0.3265 x 2900
Ask0.3300 x 1100
Day's Range0.3204 - 0.3376
52 Week Range0.2900 - 9.7400
Volume3,993,992
Avg. Volume12,398,300
Market Cap67.441M
Beta (5Y Monthly)3.01
PE Ratio (TTM)N/A
EPS (TTM)-15.4010
Earnings DateJul 29, 2020 - Aug 03, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateMar 08, 2019
1y Target Est2.53
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
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  • Thomson Reuters StreetEvents

    Edited Transcript of VAL earnings conference call or presentation 30-Apr-20 2:00pm GMT

    Q1 2020 Valaris PLC Earnings Call

  • GlobeNewswire

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  • Barrons.com

    Here Are 2 Oil Companies That Could Face Debt Restructuring

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    Insider Monkey

    Were Hedge Funds Right About The Valspar Corporation (VAL)?

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  • Reuters

    Hard-hit energy companies' bonds rise after Fed expands loan program

    Bonds of hard-hit oil and gas companies such as Occidental Petroleum, Antero Resources , WPX Energy, HighPoint Resources and Western Midstream Partners rose in price on Thursday after the Federal Reserve announced it would expand its Main Street Lending Facility to larger and riskier companies affected by the coronavirus pandemic. In afternoon trade, seven of the 10 biggest upward movers in the U.S. corporate bond market were oil and gas companies, according to MarketAxess data. WPX Energy's 5.75% June 2026 bond was up 6.7% on the day, last trading at 88 cents on the dollar.

  • Reuters

    British offshore driller Valaris says rigs may be idle for up to two years

    Offshore drilling contactor Valaris , which is exploring a bankruptcy restructuring, on Thursday said it could take up to two years to reactivate idle equipment as contracts dry up during a historic rout in oil prices. Global oil markets have collapsed since the beginning of March as the coronavirus pandemic has crushed fuel demand. Expensive offshore drilling projects have been halted or delayed, creating an uncertain outlook for service firms that had hardly recovered from the last oil price crash.

  • Valaris plc Reports First Quarter 2020 Results
    PR Newswire

    Valaris plc Reports First Quarter 2020 Results

    Valaris plc (NYSE: VAL) ("Valaris" or the "Company") today reported a net loss attributable to the Company of $3.01 billion, or $15.19 per share, for first quarter 2020 compared to a net loss of $216 million, or $1.09 per share, in fourth quarter 2019. The Company reported adjusted EBITDA of ($40) million in first quarter 2020 compared to $22 million in fourth quarter 2019, and an adjusted loss of $1.66 per share in first quarter 2020 versus an adjusted loss of $1.55 per share in the prior quarter.

  • Valaris plc Schedules First Quarter 2020 Earnings Release and Conference Call
    PR Newswire

    Valaris plc Schedules First Quarter 2020 Earnings Release and Conference Call

    Valaris plc (NYSE: VAL) ("Valaris" or the "Company") will hold its first quarter 2020 earnings conference call at 9:00 a.m. CST (10:00 a.m. EST and 3:00 p.m. London) on Thursday, April 30, 2020. The earnings release will be issued before the New York Stock Exchange opens that morning.

  • Valaris plc Provides Quarterly Fleet Status Report
    PR Newswire

    Valaris plc Provides Quarterly Fleet Status Report

    Valaris plc (NYSE: VAL) ("Valaris" or the "Company") today issued a quarterly Fleet Status Report that provides the current status of the Company's fleet of offshore drilling rigs along with certain contract information for these assets. The Fleet Status Report can be found on the "Investors" section of the Company's website www.valaris.com.

  • Reuters

    Offshore driller Valaris to explore bankruptcy with its creditors-sources

    Offshore oil driller Valaris PLC is preparing to start talks with creditors to see if they can agree on terms for a possible bankruptcy filing, as it grapples with a $6.5 billion debt burden and an unprecedented plunge in U.S. crude prices, people familiar with the matter said on Tuesday. Reuters reported last month that the London-based company was working with debt restructuring advisers as it struggled to cope with a rig accident and falling energy prices. Valaris, which employs about 5,800 people worldwide, in recent weeks hired corporate restructuring experts at turnaround firm Alvarez & Marsal, the sources said.

  • Valaris Receives Continued Listing Standard Notice from NYSE
    PR Newswire

    Valaris Receives Continued Listing Standard Notice from NYSE

    Valaris plc (NYSE: VAL) ("Valaris" or the "Company") announced today that on April 15, 2020 the Company was notified by the New York Stock Exchange ("NYSE") of its noncompliance with continued listing standards because the average closing price of its Class A ordinary shares over a prior 30-day consecutive trading period had fallen below $1.00 per share, which is the minimum average closing price per share required to maintain listing on the NYSE.

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  • Valaris Provides Update on Operations, Contracts and Guidance
    PR Newswire

    Valaris Provides Update on Operations, Contracts and Guidance

    Valaris plc (NYSE: VAL) ("Valaris" or the "Company") announced today that the Company continues actively working to recover or replace the blowout preventer (BOP) stack on VALARIS DS-8 following a non-drilling incident earlier this month. On March 19, 2020, the Company received a termination notice for the drilling contract for VALARIS DS-8. The Company is in discussions with the customer regarding the notice. The drilling contract represents approximately $150 million of the Company's contracted revenue backlog of $2.5 billion as of December 31, 2019. The operating day rate for VALARIS DS-8 is approximately $620,000 per day. The Company has loss of hire insurance for $602,500 per day after the expiration of a 45-day deductible waiting period through the end of the contract in November 2020. If the contract is terminated, the Company will seek to recover losses incurred in accordance with the terms of this insurance policy, which would largely offset the lost backlog noted above. There can be no assurance as to the timing or amount of insurance proceeds paid to the Company.

  • Is the Options Market Predicting a Spike in Valaris (VAL) Stock?
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    Is the Options Market Predicting a Spike in Valaris (VAL) Stock?

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  • Moody's

    Booking Holdings, Inc. -- Moody's affirms Booking Holdings' A3 rating; outlook changed to negative

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  • Reuters

    Offshore driller Valaris gears up for possible debt restructuring -sources

    Offshore oil driller Valaris PLC is exploring debt restructuring options as it grapples with a rig accident and a broader collapse in energy prices, people familiar with the matter said on Friday. Valaris has tapped debt restructuring attorneys at law firm Kirkland & Ellis LLP for advice on ways to rework its roughly $6.5 billion debt pile, and is exploring enlisting a turnaround firm that specializes in urgently addressing stressed finances to bolster its roster of advisers, the sources said. The London-based company had already been working with investment bank Lazard Ltd on options for addressing its debt, in addition to a series of cost-cutting measures already underway.

  • Weakest oil-field service companies among most vulnerable to ‘unprecedented’ oil, coronavirus shock, warns Moody’s
    MarketWatch

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  • Introducing Valaris (NYSE:VAL), The Stock That Collapsed 96%
    Simply Wall St.

    Introducing Valaris (NYSE:VAL), The Stock That Collapsed 96%

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  • Do Options Traders Know Something About Valaris (VAL) Stock We Don't?
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  • Valaris plc Reports Fourth Quarter and Full-Year 2019 Results
    PR Newswire

    Valaris plc Reports Fourth Quarter and Full-Year 2019 Results

    Valaris plc (NYSE: VAL) ("Valaris" or the "Company") today reported a net loss attributable to the Company of $216 million, or $1.09 per share, for fourth quarter 2019 compared to a net loss of $197 million, or $1.00 per share, in third quarter 2019. The Company reported adjusted EBITDA of $22 million in fourth quarter 2019 compared to $35 million in third quarter 2019, and an adjusted loss of $1.55 per share in fourth quarter 2019 versus an adjusted loss of $1.27 per share in the prior quarter.

  • Reuters

    Valaris settles with Luminus, hands board seat to hedge fund

    Oil drilling firm Valaris PLC reached a settlement with Luminus Management and said on Monday that it has appointed one of the hedge fund's partners to its board. Luminus' Adam Weitzman, an expert in offshore oil drilling who has experience in debt and equity capital markets and risk management, will join Valaris' 11-member board as a 12th director, the company said. The New York-based hedge fund, which owns roughly 18.7% of Valaris' shares, promised to hold on to a certain number of shares in order to keep the board seat and to support Valaris' slate at this year's annual meeting.

  • Valaris Appoints Adam Weitzman to Board of Directors
    PR Newswire

    Valaris Appoints Adam Weitzman to Board of Directors

    Valaris plc (NYSE: VAL) ("Valaris" or the "Company") today announced that, as part of the Board's comprehensive refreshment program, it has agreed to appoint Adam Weitzman to its Board of Directors. Mr. Weitzman will also serve on the Finance Committee, to assist in the Board's oversight of the Company's capital structure and financial strategies, as well as the Compensation Committee. With this appointment, the Valaris Board of Directors will be comprised of 12 directors, 11 of whom will stand for re-election at the Company's 2020 Annual General Meeting of Shareholders.

  • Valaris plc Schedules Fourth Quarter and Full-Year 2019 Earnings Release and Conference Call
    PR Newswire

    Valaris plc Schedules Fourth Quarter and Full-Year 2019 Earnings Release and Conference Call

    Valaris plc (NYSE: VAL) ("Valaris" or the "Company") will hold its fourth quarter and full-year 2019 earnings conference call at 9:00 a.m. CST (10:00 a.m. EST and 3:00 p.m. London) on Friday, February 21, 2020. The earnings release will be issued before the New York Stock Exchange opens that morning.