Valaris Limited provides offshore contract drilling services in various water depths to oil and gas industry worldwide. Its rig fleet comprise deepwater drillships, versatile semisubmersibles, and shallow-water jackups. The company was incorporated in 2009 and is based in Hamilton, Bermuda.
IPO Year: 2021
Exchange: NYSE
Website: valaris.com
| 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 |
| 11/9/2023 | $84.00 → $106.00 | Equal Weight → Overweight | Barclays |
| 7/5/2023 | $85.00 | Buy | Citigroup |
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Valaris Limited (NYSE:VAL) ("Valaris" or the "Company") today reported second quarter 2025 results. President and Chief Executive Officer Anton Dibowitz said, "I am very proud of the entire Valaris team for delivering another quarter of strong operational and financial performance, with revenue efficiency of 96% contributing to meaningful EBITDA and free cash flow for the quarter." Dibowitz added, "Since reporting our first quarter results, we have secured new contracts with associated revenue backlog of more than $1.0 billion, increasing our total backlog to approximately $4.7 billion. These awards include attractive contracts for three 7th generation drillships, and we have now secure
Valaris Limited (NYSE:VAL) ("Valaris" or the "Company") today issued a 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. About Valaris Limited Valaris Limited (NYSE:VAL) is the industry leader in offshore drilling services across all water depths and geographies. Operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups, Valaris has experience operating in nearly every major offshore basin. Valaris maintains
Valaris Limited (NYSE:VAL) ("Valaris" or the "Company") will hold its second quarter 2025 earnings conference call at 9:00 a.m. CDT (10:00 a.m. EDT) on Thursday, July 31, 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 August 31, 2025, by dialing +1-877-34
Valaris Limited (NYSE:VAL) ("Valaris" or the "Company") announced today that it has been awarded a 940-day contract extension for drillship VALARIS DS-16, starting in June 2026, and a new 914-day contract for drillship VALARIS DS-18, that is expected to start in mid-fourth quarter 2026, with Anadarko Petroleum Corporation, a wholly-owned subsidiary of Occidental, in the Gulf of America. The combined addition to contracted revenue backlog is approximately $760 million. President and Chief Executive Officer Anton Dibowitz said, "We've secured approximately $1.9 billion in new contract backlog so far this year, reflecting solid execution of our commercial strategy and our ability to deliver
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
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") announced today that it has been awarded a two-year contract offshore West Africa for drillship VALARIS DS-10 that is expected to commence late in the second quarter or in the third quarter 2026. The total contract value for the firm term is $352 million. The total contract value does not include the provision of additional services. The contract includes two unpriced options, each with a duration of one year. President and Chief Executive Officer Anton Dibowitz said, "This contract award is a testament to the safety and operational performance of VALARIS DS-10 and its crews, which have an excellent track record of successfully execut
Valaris Limited (NYSE:VAL) ("Valaris" or the "Company") today announced that President and Chief Executive Officer Anton Dibowitz will be a panelist at the DNB Energy & Shipping Conference 2025 in Oslo, Norway on Wednesday, March 5, 2025. Investor materials to be used during the conference will be available on Valaris' website at www.valaris.com prior to the event. About Valaris Limited Valaris Limited (NYSE:VAL) is the industry leader in offshore drilling services across all water depths and geographies. Operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups, Valaris has experience operating in nearly every major off
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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
Analyst initiated coverage of Valaris with a rating of Underweight and set a new price target of $40.00
The Benchmark Company downgraded Valaris from Buy to Hold
Susquehanna initiated coverage of Valaris with a rating of Neutral and set a new price target of $62.00
Pickering Energy Partners downgraded Valaris from Outperform to Neutral
CapitalOne initiated coverage of Valaris with a rating of Overweight and set a new price target of $100.00
Barclays upgraded Valaris from Equal Weight to Overweight and set a new price target of $106.00 from $84.00 previously
Citigroup initiated coverage of Valaris with a rating of Buy and set a new price target of $85.00
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4 - Valaris Ltd (0000314808) (Issuer)
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4 - Valaris Ltd (0000314808) (Issuer)
Live finance-specific insights
Valaris Limited (NYSE:VAL) ("Valaris" or the "Company") today reported second quarter 2025 results. President and Chief Executive Officer Anton Dibowitz said, "I am very proud of the entire Valaris team for delivering another quarter of strong operational and financial performance, with revenue efficiency of 96% contributing to meaningful EBITDA and free cash flow for the quarter." Dibowitz added, "Since reporting our first quarter results, we have secured new contracts with associated revenue backlog of more than $1.0 billion, increasing our total backlog to approximately $4.7 billion. These awards include attractive contracts for three 7th generation drillships, and we have now secure
Valaris Limited (NYSE:VAL) ("Valaris" or the "Company") will hold its second quarter 2025 earnings conference call at 9:00 a.m. CDT (10:00 a.m. EDT) on Thursday, July 31, 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 August 31, 2025, by dialing +1-877-34
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
Valaris Limited (NYSE:VAL) ("Valaris" or the "Company") will hold its fourth quarter 2024 earnings conference call at 9:00 a.m. CST (10:00 a.m. EST) on Thursday, February 20, 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 March 20, 2025, by dialing +1-877
Valaris Limited (NYSE:VAL) ("Valaris" or the "Company") today reported third quarter 2024 results. President and Chief Executive Officer Anton Dibowitz said, "We delivered strong operating performance and financial results in the third quarter, including solid free cash flow generation. Our fleetwide revenue efficiency of 98% included a full quarter of operations for VALARIS DS-7 following its contract startup in the second quarter. Building on our track record of safe, reliable and efficient operations, we are proud to be recognized for the second consecutive year by the Center for Offshore Safety with its Safety Leadership Award for the development of our Restricted Zone Analysis tool."
Valaris Limited (NYSE:VAL) ("Valaris" or the "Company") will hold its third quarter 2024 earnings conference call at 9:00 a.m. CST (10:00 a.m. EST) on Thursday, October 31, 2024. 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 November 30, 2024, by dialing +1-877-
Valaris Limited (NYSE:VAL) ("Valaris" or the "Company") today reported second quarter 2024 results. President and Chief Executive Officer Anton Dibowitz said, "In the second quarter, we built on our excellent start to 2024 with another quarter of strong safety and operating performance, delivering revenue efficiency of 99% without a lost time incident. In addition, we achieved a meaningful improvement in our financial results during the second quarter, driven in part by a successful contract startup for VALARIS DS-7 – our sixth drillship reactivation completed since 2022." Dibowitz added, "In July, we secured a new multi-year contract with Equinor offshore Brazil for VALARIS DS-17, whic
Valaris Limited (NYSE:VAL) ("Valaris" or the "Company") will hold its second quarter 2024 earnings conference call at 9:00 a.m. CDT (10:00 a.m. EDT) on Thursday, August 1, 2024. 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 September 1, 2024, by dialing +1-877
Live Leadership Updates
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
Valaris Limited (NYSE:VAL) ("Valaris" or the "Company") today announced that Catherine J. Hughes has been appointed to the Valaris Board of Directors. Ms. Hughes will also serve on the Board's Environmental, Social and Governance Committee. Ms. Hughes has served as a non-executive director of Shell plc since 2017, including as Chair of the Safety, Environment and Sustainability Committee. She was previously Executive Vice President International at Nexen Inc. from January 2012 until her retirement in April 2013, where she was responsible for all oil and gas activities including exploration, production, development and project activities outside Canada. Ms. Hughes joined Nexen in 2009 as Vi
Valaris Limited (NYSE:VAL) ("Valaris" or the "Company") today announced the appointment of three new members of the Valaris Executive Management Committee. The following appointments have been made after a rigorous internal and external search process and strongly position the Company for continued success moving forward: Chris Weber will join Valaris as Senior Vice President and Chief Financial Officer. Mr. Weber is expected to start in the third quarter of 2022. Matt Lyne will join Valaris as Senior Vice President and Chief Commercial Officer. Mr. Lyne is expected to start in the third quarter of 2022. Davor Vukadin, the Company's Associate General Counsel has been promoted to Senio
Valaris Limited (NYSE:VAL) ("Valaris" or the "Company") today announced that its Board of Directors has appointed Mr. Anton Dibowitz as President and Chief Executive Officer, effective immediately. Mr. Dibowitz, who has been serving as interim President and Chief Executive Officer of Valaris since September 3, 2021, is also a member of the Company's Board of Directors. "Anton has done a tremendous job leading Valaris over the past three months and we are delighted for him to continue building upon this positive momentum in a permanent capacity," said Elizabeth Leykum, Chair of the Board of Valaris. "After a thorough and deliberative search process, the Board unanimously agreed that Anton's
Valaris Limited (NYSE:VAL) ("Valaris" or the "Company") today announced that Mr. Tom Burke will step down from his position as President and Chief Executive Officer and member of the Board of Directors, effective September 2, 2021. The Valaris Board of Directors has appointed Mr. Anton Dibowitz, a current Board member, as interim President and Chief Executive Officer effective September 3, 2021. Mr. Burke will continue to support Valaris for a period to ensure a smooth leadership transition for the Company. He also will remain on the Board of Directors of ARO Drilling, a 50/50 joint venture between Valaris and Saudi Aramco. Further, Valaris announced that Mr. Jon Baksht will step down from
HAMILTON, Bermuda, May 3, 2021 /PRNewswire/ -- Valaris Limited (NYSE:VAL) ("Valaris" or the "Company" and together with its subsidiaries, the "Valaris Group") today announced that, on April 30, 2021, the Valaris Group has successfully completed its financial restructuring and emerged from chapter 11. The Valaris Group's Plan of Reorganization (the "Plan") was approved and confirmed by the United States Bankruptcy Court for the Southern District of Texas on March 3, 2021. Valaris now moves forward with a strengthened capital structure, eliminating $7.1 billion of debt and securing a $520 million capital injection by issuing $550 million of new secured notes maturing in 2028. As of April 30, 2
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