Valaris says stacked rigs may be idle for up to two years [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
Energy|On the MoveValaris says stacked rigs may be idle for up to two yearsApr. 30, 2020 3:16 PM ETValaris plc (VAL)Carl SurranOffshore driller Valaris (+6.5%take up to two yearsValaris posted a $3Bnet lossThe company says it will put aside several rigs, including three drillships, a semisubmersible and five jackups for eventual return to service and retire 11 other drillships, prompting nearly $3B in asset impairment charges for the quarter.Valaris says it plans to reactivate the nine rigs when dayrates and contract durations improve, but it does not expect that to happen for two years."This challenging environment is also impacting existing contracts for offshore drillers as operators move to cancel and delay well programs, along with asking for pricing concessions and other modifications to contract terms," CEO Tom Burke says.See all stocks on the move »Now read:Valaris Plc: April Fleet Status Tells The Sad Story »
Show less
Read more
Impact Snapshot
Event Time:
VAL
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
VAL alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
VAL alerts
High impacting Valaris Limited Common Shares news events
Weekly update
A roundup of the hottest topics
VAL
News
- Valaris Limited (VAL): A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
- Valaris (NYSE:VAL) had its "neutral" rating reaffirmed by analysts at Citigroup Inc..MarketBeat
- Valaris (NYSE:VAL) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating.MarketBeat
- Valaris (NYSE:VAL) was given a new $50.00 price target on by analysts at Barclays PLC.MarketBeat
- Valaris Limited: Years Of Underperformance Might Finally Be Over [Seeking Alpha]Seeking Alpha
VAL
Earnings
- 10/29/25 - Beat
VAL
Sec Filings
- 10/30/25 - Form 10-Q
- 10/29/25 - Form 8-K
- 10/23/25 - Form 8-K
- VAL's page on the SEC website