Valaris: Buy Despite Near-Term Jackup Market Headwinds [Seeking Alpha]
Valaris Limited Common Shares (VAL)
Last valaris limited common shares earnings: 4/29 09:50 pm
Check Earnings Report
US:NYSE Investor Relations:
investors.sherwin-williams.com
Company Research
Source: Seeking Alpha
On the conference call, management reiterated expectations for Adjusted EBITDA to increase to a range of $500-$550 million this year, up from a paltry $141 million in 2023. However, material capital expenditure requirements are likely to result in very limited free cash flow generation. Management expects very limited impact from Saudi Arabia's decision to no longer pursue an increase in maximum oil production capacity. With floater dayrates holding up well and impact from recent developments at Saudi Aramco likely to be limited, I continue to expect 2025 being a year of major earnings inflection for Valaris and the industry as a whole. Consequently, I am reiterating my "Buy" rating on the shares with an unchanged price target of $90. Looking for a helping hand in the market? Members of Value Investor's Edge get exclusive ideas and guidance to navigate any climate. Learn More » Note: Valaris Limited NYSE: VAL ) has been covered by me previously, so investors should view t
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VAL
News
- Valaris Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Valaris Reports First Quarter 2024 ResultsBusiness Wire
- Valaris Issues Fleet Status ReportBusiness Wire
- Valaris Limited (NYSE: VAL) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
- Valaris Schedules First Quarter 2024 Earnings Release and Conference CallBusiness Wire
VAL
Earnings
- 5/1/24 - Miss
VAL
Sec Filings
- 5/1/24 - Form 8-K
- 4/17/24 - Form ARS
- 4/17/24 - Form DEF
- VAL's page on the SEC website