Evercore ISI downgraded Valaris from Outperform to In-line and set a new price target of $59.00 from $87.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/15/2025 | $87.00 → $59.00 | Outperform → In-line | Evercore ISI |
| 12/18/2024 | $59.00 → $49.00 | Overweight → Equal Weight | Barclays |
| 12/9/2024 | $58.00 → $47.00 | Buy → Neutral | Citigroup |
| 12/6/2024 | $40.00 | Underweight | Analyst |
| 10/15/2024 | Buy → Hold | The Benchmark Company | |
| 9/24/2024 | $62.00 | Neutral | Susquehanna |
| 7/16/2024 | Outperform → Neutral | Pickering Energy Partners | |
| 11/28/2023 | $100.00 | Overweight | CapitalOne |
Valaris Limited (NYSE:VAL) ("Valaris" or the "Company") announced today that it has agreed to sell jackup VALARIS 247 to BW Energy ("BWE") for cash proceeds of approximately $108 million. This sale is expected to close in the second half of 2025, subject to customary closing conditions. As part of the sales agreement, BWE will be restricted from using the rig outside of BWE-owned or affiliated properties for the rig's expected remaining useful life. President and Chief Executive Officer Anton Dibowitz said, "We are pleased to announce this highly accretive, opportunistic transaction to sell VALARIS 247, a 27-year-old jackup currently working offshore Australia. Upon closing, the sale proce
Valaris Limited (NYSE:VAL) ("Valaris" or the "Company") announced today that it has been awarded a five-well contract offshore West Africa for drillship VALARIS DS-15. The contract is expected to commence in the third quarter 2026. The total contract value, based on an estimated duration of 250 days, is approximately $135 million, including upfront payments for rig upgrades and mobilization. The total contract value does not include the provision of additional services. The contract includes priced options for up to five wells with an estimated total duration of 80 to 100 days. President and Chief Executive Officer Anton Dibowitz said, "We are excited to have secured another contract for o
Valaris Limited (NYSE:VAL) ("Valaris" or the "Company") today reported first quarter 2025 results. President and Chief Executive Officer Anton Dibowitz said, "I'd like to thank the entire Valaris team for delivering another quarter of strong operational and financial performance. We continued our track record of providing safe and efficient operations for our customers, delivering revenue efficiency of 96% as well as meaningful EBITDA and free cash flow during the quarter." Dibowitz added, "We are also successfully executing our commercial strategy by securing attractive, long-term contracts for our high-specification fleet. The recent award for drillship VALARIS DS-10 offshore West Afric
International Seaways, Inc. (NYSE:INSW) ("the Company" or "INSW"), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, today announced proposed changes to its Board of Directors (the "Board") ahead of the Company's 2024 Annual Meeting of Stockholders (the "Annual Meeting), which is expected to be held in June 2024. The Company will nominate Kristian K. Johansen and Darron M. Anderson for election as independent directors to the Board at the Annual Meeting. In addition, Joseph I. Kronsberg will be retiring from the Board and will not stand for re-election. The nomination of Mr. Johansen follows discussions with repres
Tidewater Inc. (NYSE:TDW) ("Tidewater" or the "Company") announced that Dick H. Fagerstal has been appointed non-executive Chairman of the Board. In addition, the Board has reduced the size of the Board from nine to eight members. Mr. Fagerstal stated, "I am honored to assume the role of Chairman of the Board of Tidewater at such an exciting time for our industry. I believe the Company is well positioned to capitalize on the increasing global offshore activity with recently closed (and pending) additions to its fleet of offshore vessels. "Having been associated with the offshore service industry for the past 35+ years and having served on the Tidewater board for the past six years, I am
Valaris Limited (NYSE:VAL) ("Valaris" or the "Company") announced today that ARO Drilling, its 50/50 joint venture with Saudi Aramco, has appointed Mohamed Hegazi as Chief Executive Officer, effective immediately. Mohamed Hegazi previously served as Chief Executive Officer of TGT Diagnostics, a provider of wellbore integrity measurement solutions to the oil and gas industry. Prior to being appointed Chief Executive Officer in 2015, Mr. Hegazi served as Chief Operating Officer and Managing Director from 2012 to 2014. Before joining TGT Diagnostics, Mr. Hegazi held various senior leadership positions at SLB (formerly Schlumberger). Mr. Hegazi replaces Derek Kent as ARO Chief Executive Off
4 - Valaris Ltd (0000314808) (Issuer)
4 - Valaris Ltd (0000314808) (Issuer)
4 - Valaris Ltd (0000314808) (Issuer)
10-Q - Valaris Ltd (0000314808) (Filer)
8-K - Valaris Ltd (0000314808) (Filer)
8-K - Valaris Ltd (0000314808) (Filer)
SC 13D/A - Valaris Ltd (0000314808) (Subject)
SC 13G/A - Valaris Ltd (0000314808) (Subject)
SC 13G/A - Valaris Ltd (0000314808) (Subject)
Valaris Limited (NYSE:VAL) ("Valaris" or the "Company") today reported first quarter 2025 results. President and Chief Executive Officer Anton Dibowitz said, "I'd like to thank the entire Valaris team for delivering another quarter of strong operational and financial performance. We continued our track record of providing safe and efficient operations for our customers, delivering revenue efficiency of 96% as well as meaningful EBITDA and free cash flow during the quarter." Dibowitz added, "We are also successfully executing our commercial strategy by securing attractive, long-term contracts for our high-specification fleet. The recent award for drillship VALARIS DS-10 offshore West Afric
Valaris Limited (NYSE:VAL) ("Valaris" or the "Company") will hold its first quarter 2025 earnings conference call at 9:00 a.m. CDT (10:00 a.m. EDT) on Thursday, May 1, 2025. The earnings release will be issued before the New York Stock Exchange opens that morning. The conference call will be webcast live at www.valaris.com. Alternatively, callers may dial +1-855-239-3215 within the United States or +1-412-542-4130 from outside the U.S. It is recommended that participants call 10 minutes prior to the scheduled start time. A webcast replay and transcript of the call will be available on the Company's website. A replay will also be available through June 1, 2025, by dialing +1-877-344-7529 w
Valaris Limited (NYSE:VAL) ("Valaris" or the "Company") today reported fourth quarter 2024 results. President and Chief Executive Officer Anton Dibowitz said, "We continued to deliver solid operating and financial performance, achieving fleetwide revenue efficiency of 96% in the fourth quarter and 97% for the full year. We also had outstanding safety performance in 2024 and are proud to have been recognized with safety awards by both the IADC and the Center for Offshore Safety. I thank every member of the Valaris team around the world for their dedication, hard work and continued focus on operating safely and efficiently for our customers." Dibowitz added, "The contracting outlook for 202
Evercore ISI downgraded Valaris from Outperform to In-line and set a new price target of $59.00 from $87.00 previously
Barclays downgraded Valaris from Overweight to Equal Weight and set a new price target of $49.00 from $59.00 previously
Citigroup downgraded Valaris from Buy to Neutral and set a new price target of $47.00 from $58.00 previously