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Valaris ( (VAL) ) has provided an announcement.
Valaris Limited announced a significant increase in its contract backlog, rising from approximately $4.2 billion to $4.7 billion since April 30, 2025. This growth is attributed to new contracts and extensions, including a 940-day extension for the drillship VALARIS DS-16 and a new 914-day contract for VALARIS DS-18 with Anadarko Petroleum Corporation. Additionally, Valaris secured a five-well contract offshore West Africa for VALARIS DS-15 and several jackup contract extensions in Qatar and the UK North Sea. The company also plans to sell jackup VALARIS 247 for approximately $108 million, expected to close in the second half of 2025. These developments are poised to enhance Valaris’s operational capacity and market positioning in the offshore drilling sector.
The most recent analyst rating on (VAL) stock is a Sell with a $40.00 price target. To see the full list of analyst forecasts on Valaris stock, see the VAL Stock Forecast page.
Spark’s Take on VAL Stock
According to Spark, TipRanks’ AI Analyst, VAL is a Outperform.
Valaris demonstrates a strong recovery with a solid financial performance, supported by technical analysis indicating a positive trend. The company’s strategic focus on expanding its contract backlog and operational excellence, despite economic uncertainties, contributes to a positive outlook. Valuation metrics suggest potential undervaluation, enhancing the stock’s appeal.
To see Spark’s full report on VAL stock, click here.
More about Valaris
Valaris Limited operates in the offshore drilling industry, providing drilling services through its fleet of drillships, semisubmersibles, and jackups. The company focuses on both harsh and benign environments, catering to major oil and gas companies worldwide.
Average Trading Volume: 1,613,308
Technical Sentiment Signal: Buy
Current Market Cap: $3.6B
For an in-depth examination of VAL stock, go to TipRanks’ Overview page.