Valaris Limited (VAL) Stock Price & Analysis
Valaris Limited (VAL) closed at USD 92.19 on Thursday, October 22, 2026, up 0.51% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 91.72; the Oct 22, 2026 session ranged USD 87.42–92.78 on volume of 692,950 shares. Market capitalization is $6.40B, with a 52-week range of USD 48.09–114.12 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:49 UTC.
Also available as compact Markdown for AI agents: nexqual.com/VAL.md
Key facts (VAL)
- Last four reported quarters (through Jun 30, 2026): revenue $2.14B, net income $940M (44.0% margin), free cash flow -$24.1M (SEC filings).
- Valuation: P/E 6.8x (avg 6.1x at the last 3 fiscal year-ends), net debt $546M.
- Earnings quality: non-operating income $102M vs operating income $241M over the last four quarters; P/E excluding non-operating income ≈7.6x (estimate: non-operating income taxed at the company's 0% effective rate).
- 1 of 80 tracked superinvestors hold VAL (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Analysts: Hold (mean 3.11 on a 1–5 scale) (9 analysts), mean target USD 69 (range 45–104).
- Total return with dividends: 1Y +63.7% vs S&P 500 +14.9%; 5Y +155.4% vs S&P 500 +80.3%.
- Next earnings: 2026-11-02, EPS estimate USD 1.06, revenue estimate $573M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (VAL)
| USD | FY2020 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.43B | $1.60B | $1.78B | $2.36B | $2.37B | $2.14B |
| Gross profit | — | $219M | $241M | $602M | $739M | — |
| Operating income | -$4.33B | $37.2M | $53.5M | $352M | $477M | $241M |
| Net income | -$4.86B | $177M | $865M | $373M | $983M | $940M |
| EPS (diluted) | -$24.42 | $2.33 | $11.51 | $5.12 | $13.86 | — |
| Free cash flow | -$346M | -$80.0M | -$429M | -$99.7M | $203M | -$24.1M |
| Gross margin | — | 13.7% | 13.5% | 25.5% | 31.2% | — |
| Operating margin | -303.7% | 2.3% | 3.0% | 14.9% | 20.1% | 11.3% |
| Net margin | -340.2% | 11.0% | 48.5% | 15.8% | 41.5% | 44.0% |
| Revenue growth | -30.5% | — | +11.3% | +32.4% | +0.3% | — |
| Cash + short-term investments | — | — | — | $368M | $599M | — |
| Total debt | $0K | $542M | $1.08B | $1.08B | $1.09B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (VAL)
P/E 6.8x · P/E ex non-operating (est.) ≈7.6x · P/S 3.0x · EV/Sales 3.3x · P/B 2.0x · FCF yield -0.38% · Earnings yield 14.68% · Net debt $546M · EV $6.95B
P/E at fiscal year-ends: Dec 2025 3.6x, Dec 2024 8.6x, Dec 2023 6.0x.
Superinvestors (SEC 13F-HR, Q2 2026) (VAL)
1 of 80 tracked investors hold VAL. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Third Avenue Management | 5.99% | $37.5M | Added +1.6% |
Analysts (VAL)
Consensus Hold (mean 3.11 on a 1–5 scale), 9 analysts; mean target USD 69 (low 45, high 104).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-05 | Susquehanna | Target raised | Neutral | $80 → $86 |
| 2026-08-07 | Susquehanna | Target raised | Neutral | $75 → $80 |
| 2026-07-08 | Susquehanna | Target lowered | Neutral | $98 → $75 |
Total return (dividends reinvested) (VAL)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +63.7% | +155.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +64.0% | +20.6% |
| Volatility (annualized) | 56.0% | 48.5% |
| Max drawdown | -36.1% (May 2026→Jul 2026) | -63.0% (Jul 2024→Mar 2025) |
VAL revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Floaters | $290.0M | 53.8% | -11.3% |
| Jackups | $197.2M | 36.6% | -17.1% |
| ARO | $126.9M | 23.5% | -9.3% |
| Other | $52.0M | 9.6% | +3.4% |
| Total revenue | $539.2M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
VAL suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Saudi Aramco | “•our ability to realize the expected benefits of our joint venture with Saudi Aramco, including our ability to fund any required capital contributions or to enforce any payment obligations of the joint venture pursuant to outstanding shareholder notes receivable and benefits of our other joint ventures;” |
| Partner | Financial Services | “Additionally, we are required to pay a quarterly commitment fee to the lenders under the 2028 Credit Agreement with respect to the average daily unutilized commitments thereunder at a rate ranging from 0.375% to 0.75% depending on the credit ratings that are one notch higher than the corporate family ratings provided by S&P and Moody's with respect to Valaris Limited.” |
Quoted from the company's 10-K filed Feb 20, 2026.
VAL customer concentration
In the period ended Jun 30, 2026, 4 direct customers each accounted for at least 10% (16%, 10%, 9%, 5%) of revenue, per the company's 10-Q filed Aug 6, 2026. The company does not name them.
VAL company outlook (results filed Aug 5, 2026)
- “Based on information currently available, we expect these adverse impacts to moderate in the second half of 2026, as VALARIS 250 recommenced its bareboat charter contract in July and VALARIS 116 is expected to recommence its bareboat charter in the third quarter.”
- “In addition, insurance costs to maintain war-related coverage are expected to be lower than those incurred in the first half of the year primarily due to the sale of VALARIS 104 and lower premiums from securing longer term coverage.”
Quoted word-for-word from the SEC 8-K results press release.
VAL analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.06 | $1.37 | -22.2% | $572.8M | 5 |
| Next quarter (ends Dec 2026) | $1.72 | $1.95 | -11.7% | $634.9M | 4 |
| Current fiscal year (ends Dec 2026) | $3.45 | $3.47 | -0.4% | $2.20B | 6 |
| Next fiscal year (ends Dec 2027) | $6.68 | $7.24 | -7.8% | $2.48B | 7 |
VAL options: expected move
Options price a move of about ±11.4% (±$10.55) by Nov 20, 2026, which includes earnings on Nov 2, 2026. Over the last 8 reports the stock moved ±4.1% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 50.9% | ±11.4% |
| Dec 18, 2026 | 56 | 47.9% | ±15.0% |
| Jan 15, 2027 | 84 | 49.1% | ±18.8% |
| Feb 19, 2027 | 119 | 48.9% | ±22.2% |
| May 21, 2027 | 210 | 50.5% | ±30.2% |
30-day implied volatility 48.6% vs 45.8% realized over the last 30 trading days. Put/call ratio (volume) 0.23. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:49 UTC)
| Price | USD 92.19 |
|---|---|
| Change | ▲ 0.51% (up) |
| Previous Close | USD 91.72 |
| Open | USD 92.09 |
| Day Range | USD 87.42 – 92.78 |
| 52-Week Range | USD 48.09 – 114.12 |
| Volume | 692,950 shares |
| Market Cap | $6.40B |
| Exchange | NYQ |
Technical Analysis (VAL)
Nexqual's technical model rates VAL "BUY" based on 5 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 09:49 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 65.25 (neutral) |
| vs SMA50 | Above (USD 84.86) |
| MACD | 1.87 (positive) |
Analyst Ratings (VAL)
Wall Street analysts rate VAL "Hold" based on 9 analysts, with a mean price target of USD 69 (range USD 45–104), per Nexqual as of October 23, 2026 at 09:49 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 9 |
| Mean Target | USD 69 |
| High Target | USD 104 |
| Low Target | USD 45 |
| Buy / Hold / Sell | 1 / 7 / 1 |
Earnings (VAL)
| Next Earnings Date | 2026-11-02 |
|---|---|
| EPS Estimate | USD 1.13 |
| Revenue Estimate | $572.80M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.72 vs est 0.18 ▲ beat |
| 2026-03-31 | USD -0.24 vs est -0.09 ▼ miss |
| 2025-12-31 | USD 10.26 vs est 0.42 ▲ beat |
| 2025-09-30 | USD 2.65 vs est 0.91 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:49 UTC.
Financials & Fundamentals (VAL)
| Total Revenue | $2.14B |
|---|---|
| Revenue Growth (latest quarter, YoY) | -12.40% |
| Gross Margin | +24.78% |
| Operating Margin | +9.79% |
| Profit Margin | +43.95% |
| ROE | +33.62% |
| Debt / Equity | 0.36 |
| Current Ratio | 1.55 |
| Total Cash | $541.20M |
| Total Debt | $1.17B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$24.10M (-1.1% of revenue) |
Source: Nexqual, October 23, 2026 at 09:49 UTC.
Financial Health Score (VAL)
Nexqual rates Valaris Limited's overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:49 UTC.
| Growth | Mixed — Revenue +0.3% YoY (annual), slow |
|---|---|
| Profitability | Mixed — Gross margin 25%, operating 10% (last 12 months) |
| Balance Sheet | Solid — $541M cash and investments vs $1.09B debt (Jun 2026, SEC) |
| Cash Flow | Weak — FCF negative: -$24M (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Strong — ROE 34%, ROA 3.3% |
Ownership (VAL)
| Insider Ownership | +12.06% |
|---|---|
| Institutional Ownership | +92.23% |
| Shares Outstanding | 69.44M |
| Float | 61.05M |
| Short % of Float | +10.67% |
Source: Nexqual, October 23, 2026 at 09:49 UTC.
Leadership (VAL)
Valaris Limited is led by Christopher T. Weber, Senior VP & CFO, per Nexqual as of October 23, 2026 at 09:49 UTC.
| Senior VP & CFO | Christopher T. Weber |
|---|---|
| Senior VP & COO | Gilles Luca |
| Vice President of Strategy & Sustainability | Duke Bajenting |
Major Backers & Investors (VAL)
Notable institutional backers of Valaris Limited include Oak Hill Advisors, L.P., Lingotto Investment Management LLP, Morgan Stanley, according to Nexqual as of October 23, 2026 at 09:49 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Oak Hill Advisors, L.P. | 5.63% |
| Lingotto Investment Management LLP | 3.47% |
| Morgan Stanley | 3.26% |
| Goldman Sachs | 2.74% |
| VanEck ETF Trust-VanEck Oil Services ETF | 1.19% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 11.83% |
| Vanguard Group | 7.93% |
| Dimensional Fund Advisors | 4.9% |
| State Street | 3.63% |
| Geode Capital | 2.97% |
Source: Nexqual, October 23, 2026 at 09:49 UTC.
From Valaris Limited's Latest SEC 10-K Filing (filed 2026-02-20)
Partnerships
- Generally, our insurance program provides third-party liability coverage up to $855.0 million.
Legal & Regulatory Risks (Item 1A, quoted)
- Failure to comply with anti-corruption and anti-bribery statutes, such as the U.S. Foreign Corrupt Practices Act and the U.K. Bribery Act 2010, could result in fines, criminal penalties, drilling contract terminations and materially adversely affect our financial position, operating results or cash flows.
- Increasing regulatory complexity could adversely impact the costs associated with our offshore drilling operations and reduce demand for our services.
- Compliance with or breach of environmental laws can be costly and could limit our operations.
- The IRS may not agree with the conclusion that we should be treated as a foreign corporation for U.S. federal tax purposes.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| RIG | Transocean Ltd (Switzerland) | USD 6.08 | ▲ 0.66% |
| NE | Noble Corporation plc A | USD 43.95 | ▼ 0.14% |
| PTEN | Patterson-UTI Energy, Inc. | USD 11.34 | ▼ 2.91% |
| HP | Helmerich & Payne, Inc. | USD 37.13 | ▼ 2.93% |
| SDRL | Seadrill Limited | USD 49.19 | ▲ 0.04% |
| BORR | Borr Drilling Limited | USD 4.08 | ▼ 3.32% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:49 UTC. This page is informational and not investment advice.
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