VAL - Valaris plc

NYSE - NYSE Delayed Price. Currency in USD
4.3500
-0.1800 (-3.97%)
At close: 4:02PM EST

4.3500 0.00 (0.00%)
After hours: 5:56PM EST

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Previous Close4.5300
Open4.4900
Bid4.2200 x 3200
Ask4.3400 x 1200
Day's Range4.1700 - 4.5100
52 Week Range3.5800 - 26.6000
Volume13,773,304
Avg. Volume5,910,760
Market Cap862.94M
Beta (3Y Monthly)2.36
PE Ratio (TTM)N/A
EPS (TTM)-1.2330
Earnings DateOct 30, 2019
Forward Dividend & Yield0.16 (3.41%)
Ex-Dividend Date2019-03-08
1y Target Est8.90
  • Offshore Oil to Peak in 2020, Then Join Shale in Market Drop
    Bloomberg

    Offshore Oil to Peak in 2020, Then Join Shale in Market Drop

    (Bloomberg) -- Offshore oil production is expected to hit a peak in 2020 before joining the shale industry in a slowdown that could dramatically rewrite market supply predictions.A report by analysts at Sanford C. Bernstein & Co. sees projects in the Gulf of Mexico and off of South America significantly boosting output next year. After that, though, the odds drop for any further growth gains, the report found. Meanwhile, two well-known shale pioneers last month forecast a downturn ahead for their sector.Together, the warnings could signal a new era for a commodity that’s selling for about half the price reached just five years ago. The catalyst is a shareholder push for spending discipline. The result: Potentially a “tempting scenario” for investors where oil prices rise even as costs and demand fall, said Bob Brackett, a Bernstein report author.Three crude sources have seen substantive growth this century -- deepwater, shale and oil sands, according to Brackett. “The first peaks in 2020,” he wrote in an email. “The second peaks a few years later (and is slowing). And the future of oil sands is in question from a sustainability/CO2 impact.”The offshore industry has struggled to maintain growth since oil prices plunged to less than $30 a barrel in 2016 after reaching more than $100 in mid-2014.The high prices spurred a flurry of expensive projects between 2010 and 2014. But today those projects are “barely able” to generate value, according to industry consultant Rystad Energy, which evaluated offshore oil fields sanctioned since 2010 in an Oct. 30 report and ranked them by estimated value per barrel of oil.While newer deepwater projects are less expensive, they still take longer to develop than shale wells and they can’t compete on costs. Over the last few years, roughly $100 billion in spending has shifted to shale work as a result, according IHS Markit.Royal Dutch Shell Plc’s decision last month to pull the plug on a pair of projects in Kazakhstan because of their high costs points to offshore’s changing status. The latest example hit last week when Brazil failed to draw bids from the world’s oil majors in its auction of deep-sea deposits that could hold 15 billion barrels of oil, almost twice as much as Norway’s reserves.“The pipeline of things that have been discovered just won’t get sanctioned,” Brackett said.Shale industry pioneers Scott Sheffield, Pioneer Natural Resources Co.’s chief executive officer, and Mark Papa, who built Enron Corp. castoff EOG Resources Inc. into one of the world’s biggest independent oil explorers, are sounding the alarm on shale growth.Across the shale industry, output growth will slow next year, Sheffield said on Nov. 5. That will provide a boost for prices through the early 2020s, he said.“U.S. shale production on a year-over-year growth basis will be considerably less powerful in 2021 and later years than most people currently expect,” Papa said during an earnings call for Centennial Resource Development Inc., his current company.To be sure, both the shale and offshore sectors will continue to produce. Sheffield sees about 700,000 barrels a day being added next year in U.S. shale fields while the Energy Information Administration predicts daily production will expand by 910,000 barrels. Even that, though, would be half of last year’s increase.In early 2020, Exxon Mobil Corp. is expected to begin producing oil from deepwater wells off the coast of Guyana that have the potential to produce more than 6 billion barrels. Meanwhile, eight new projects are opening in the Gulf of Mexico this year and in 2020, according to an Oct. 16 report by the U.S. Energy Information Administration.Even so, the Gulf’s share of U.S. production overall is expected to shrink, the EIA report said, to about 15% from 23% in 2011. In 2014, the industry had 245 floating rigs working globally, according to Evercore ISI. Now there are less than half that number, and contractors are trying to manage through the downturn. Valaris Plc, one of the biggest owners of offshore rigs, announced Tuesday a new round of cost cuts adding up to at least $100 million as executives “fully recognize the continued pressures in the current market environment,” according to a statement.Some workers in the industry see few silver linings ahead.“The fracking technology has just opened up so much more oil,” said Chip Keener, a former manager of the global rig fleet for Transocean Ltd., the biggest owner of deepwater rigs. “Deepwater I think is going to be on the skids for a very long time.”(Updates with comment from Valaris in 15th paragraph.)To contact the reporters on this story: David Wethe in Houston at dwethe@bloomberg.net;Allison Mccartney in New York at amccartney5@bloomberg.netTo contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net, Joe Carroll, Carlos CaminadaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Valaris Announces Board Refreshment Plan, Corporate Governance Enhancements and Progress on Value Creation Initiatives
    PR Newswire

    Valaris Announces Board Refreshment Plan, Corporate Governance Enhancements and Progress on Value Creation Initiatives

    LONDON, Nov. 12, 2019 /PRNewswire/ -- Valaris plc (VAL) ("Valaris" or the "Company") today announced a Board refreshment program, enhancements to the Company's corporate governance and a new $100 million cost reduction plan. The Board has appointed Georges J. Lambert as a new independent director, effective immediately.

  • Moody's

    Sherwin-Williams Company (The) -- Moody's announces completion of a periodic review of ratings of Sherwin-Williams Company (The)

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Sherwin-Williams Company (The) and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • Insider Monkey

    Einhorn Still Bearish on Tesla, Prefers GM and Energy Stocks

    Billionaire David Einhorn recently had a lot to say on a number of prominent stocks in Greenlight Capital’s 2019 Q3 investor letter. You can download a copy of it here. Greenlight Capital finished with a return of 24% during the first 3 quarters of 2019, beating the S&P 500 Index ETFs by 3.5 percentage points. Our calculations indicate the top 20 […]

  • Valaris plc Reports Third Quarter 2019 Results
    PR Newswire

    Valaris plc Reports Third Quarter 2019 Results

    LONDON , Oct. 30, 2019 /PRNewswire/ -- Valaris plc (NYSE: VAL) ("Valaris" or the "Company") today reported a net loss attributable to the Company of $197 million , or $1.00 per share, ...

  • ACCESSWIRE

    FINAL DEADLINE ALERT - AmTrust Financial Services, Inc. (AFSIA, AFSIB, AFSIC, AFSIM, AFSIN, AFSIP) - Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Class Action and Lead Deadline: October 28, 2019

    NEW YORK, NY / ACCESSWIRE / October 25, 2019 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review ...

  • Valaris Provides Quarterly Fleet Status Report
    PR Newswire

    Valaris Provides Quarterly Fleet Status Report

    LONDON , Oct. 25, 2019 /PRNewswire/ -- Valaris plc (NYSE: VAL) ("Valaris" or the "Company") today issued a quarterly Fleet Status Report that provides the current status of the Company's ...

  • Is Valaris (NYSE:VAL) A Risky Investment?
    Simply Wall St.

    Is Valaris (NYSE:VAL) A Risky Investment?

    Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...

  • Valaris (VAL) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
    Zacks

    Valaris (VAL) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

    Valaris (VAL) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • ACCESSWIRE

    DEADLINE ALERT - AmTrust Financial Services, Inc. (AFSIA, AFSIB, AFSIC, AFSIM, AFSIN, AFSIP) - Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Class Action and Lead Deadline: October 28, 2019

    NEW YORK, NY / ACCESSWIRE / October 23, 2019 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review ...

  • ACCESSWIRE

    The Gross Law Firm Announces Class Actions on Behalf of Shareholders of VAL, TXT and RUHN

    NEW YORK, NY / ACCESSWIRE / October 21, 2019 / The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly traded companies. Shareholders who purchased shares in the following companies during the dates listed are encouraged to contact the firm regarding possible Lead Plaintiff appointment.

  • ACCESSWIRE

    FINAL DEADLINE TODAY: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Valaris plc and Encourages Investors with Losses to Contact the Firm

    LOS ANGELES / ACCESSWIRE / October 21, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Valaris plc ("Valaris" or "the Company") (NYSE:VAL) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's shares between April 11, 2019 and July 31, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before October 21, 2019.

  • ACCESSWIRE

    SHAREHOLDER ALERT: COF VAL CVET: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines

    NEW YORK, NY / ACCESSWIRE / October 21, 2019 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of certain shareholders in the following companies. If you suffered a ...

  • GlobeNewswire

    VALARIS 24 HOUR DEADLINE ALERT: FORMER LOUISIANA ATTORNEY GENERAL AND KAHN SWICK & FOTI, LLC REMIND INVESTORS of Deadline in Class Action Lawsuit Against Valaris plc - VAL

    Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with losses in excess of $100,000 that they have only until October 21, 2019 to file lead plaintiff applications in a securities class action lawsuit against Valaris plc (f/k/a Ensco Rowan plc) (VAL), if they purchased the Company’s securities between April 11, 2019 and July 31, 2019, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of New York. If you purchased securities of Valaris and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nyse-val/ to learn more.

  • ACCESSWIRE

    The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of COF, VAL and SDC

    NEW YORK, NY / ACCESSWIRE / October 20, 2019 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate ...

  • ACCESSWIRE

    CLASS ACTION DEADLINES: Brodsky & Smith, LLC Reminds Investors of Deadlines to File Lead Plaintiff Motions Related to the Following Companies: VAL, MYGN, COF

    BALA CYNWYD, PA / ACCESSWIRE / October 19, 2019 / Brodsky & Smith, LLC reminds investors of important deadlines for lead plaintiff application regarding class action lawsuits against the following companies ...

  • Business Wire

    VALARIS 72 HOUR DEADLINE ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors of Deadline in Class Action Lawsuit Against Valaris plc - VAL

    Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with losses in excess of $100,000 that they have only until October 21, 2019 to file lead plaintiff applications in a securities class action lawsuit against Valaris plc (f/k/a Ensco Rowan plc) (VAL), if they purchased the Company’s securities between April 11, 2019 and July 31, 2019, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of New York. If you purchased securities of Valaris and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nyse-val/ to learn more.

  • GlobeNewswire

    KESSLER TOPAZ MELTZER & CHECK, LLP: Final Deadline Reminder for VALARIS PLC Investors – VAL

    RADNOR, Pa., Oct. 18, 2019 -- Kessler Topaz Meltzer & Check, LLP reminds Valaris plc (NYSE:  VAL) (“Valaris”) investors that a securities fraud class action lawsuit has.

  • ACCESSWIRE

    The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of VAL, MO and MYGN

    NEW YORK, NY / ACCESSWIRE / October 18, 2019 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate ...

  • GlobeNewswire

    Class Action Announcements - Valaris plc (VAL), Textron Inc. (TXT) & AmTrust Financial Services, Inc. (AFSIA, AFSIB, AFSIC, AFSIM, AFSIN, AFSIP) - Bronstein, Gewirtz & Grossman, LLC

    Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review a copy of the Complaints by visiting the links below or you may contact Peretz Bronstein, Esq. If you suffered a loss, you can request that the Court appoint you as lead plaintiff.  Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

  • VALARIS DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 Investing in Valaris plc to Contact the Firm
    Newsfile

    VALARIS DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 Investing in Valaris plc to Contact the Firm

    New York, New York--(Newsfile Corp. - October 18, 2019) - Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Valaris plc (NYSE: VAL) ("Valaris" or the "Company") of the October 21, 2019 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.Faruqi & Faruqi logoIf you invested in Valaris stock or options between April 11, 2019 and July 31, ...

  • ACCESSWIRE

    OCTOBER 21 DEADLINE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Valaris plc and Encourages Investors with Losses to Contact the Firm

    LOS ANGELES, CA / ACCESSWIRE / October 18, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Valaris plc ("Valaris" or "the Company") (NYSE:VAL) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's shares between April 11, 2019 and July 31, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before October 21, 2019.

  • ACCESSWIRE

    CLASS ACTION UPDATE for COF, VAL and CC: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

    NEW YORK, NY / ACCESSWIRE / October 18, 2019 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. To determine ...

  • GlobeNewswire

    Glancy Prongay & Murray Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Valaris plc

    Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming October 21, 2019 deadline to file a lead plaintiff motion in the class action filed on behalf of Valaris plc (“Valaris” or the “Company”) (NYSE: VAL) investors who purchased securities between April 11, 2019 and July 31, 2019, inclusive (the “Class Period”). If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, at 310-201-9150, Toll-Free at 888-773-9224, or by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. On April 11, 2019, Ensco plc and Rowan Companies plc combined to form Ensco Rowan plc, which was later renamed Valaris plc.

  • ACCESSWIRE

    Class Action Annoucements- Valaris plc (VAL), Textron Inc. (TXT) & AmTrust Financial Services, Inc. (AFSIA, AFSIB, AFSIC, AFSIM, AFSIN, AFSIP) - Bronstein, Gewirtz & Grossman, LLC

    NEW YORK, NY / ACCESSWIRE / October 18, 2019 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review ...