Valaris ( (VAL) ) has issued an announcement.
Valaris Limited, a company in the offshore drilling industry, reported an increase in its contract backlog to approximately $4.2 billion as of April 30, 2025, up from $3.6 billion in February 2025. The company secured new contracts and extensions, including a two-year contract for drillship VALARIS DS-10 offshore West Africa and a five-year extension for jackups leased to ARO Drilling in Saudi Arabia. Additionally, Valaris sold three semisubmersibles for recycling, generating $10 million in sales proceeds.
Spark’s Take on VAL Stock
According to Spark, TipRanks’ AI Analyst, VAL is a Neutral.
Valaris shows a strong recovery in financial performance with improved profitability and operational efficiency, contributing to a robust financial score. However, technical analysis indicates bearish momentum, and while the stock appears undervalued with a low P/E ratio, the absence of a dividend yield is a downside. The earnings call suggests a balanced outlook with both strengths and challenges. Overall, the stock presents moderate potential with notable risks.
To see Spark’s full report on VAL stock, click here.
More about Valaris
YTD Price Performance: -27.41%
Average Trading Volume: 2,086,138
Technical Sentiment Signal: Buy
Current Market Cap: $2.32B
For a thorough assessment of VAL stock, go to TipRanks’ Stock Analysis page.