Valaris

VAL · NYSE

$88.35−$1.04 (−1.16%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $89.39

VAL analyst rating

HoldConsensus of 4 analysts over the last 12 months. 0% rate it a buy.

Strong buy0
Buy0
Hold4
Underperform0
Sell0

12-month price target · 10 analysts

Average $82.28 (−6.9% downside)

Low: $50.50
Now: $88.35
High: $109.20

Upgrades and downgrades

The latest rating actions, newest first

VAL analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Susquehanna	Oct 5, 2026	Maintains	Neutral	$80.00 → $86.00	56%
Susquehanna	Aug 7, 2026	Maintains	Neutral	$75.00 → $80.00	56%
Susquehanna	Jul 8, 2026	Maintains	Neutral	$98.00 → $75.00	56%
Susquehanna	Apr 7, 2026	Maintains	Neutral	$96.00 → $98.00	56%
BTIG	Mar 9, 2026	Downgrade	Buy → Neutral	—	45%
Susquehanna	Feb 23, 2026	Maintains	Neutral	$87.00 → $96.00	56%
Citigroup	Dec 22, 2025	Maintains	Neutral	$62.00 → $58.00	48%
Citigroup	Nov 14, 2025	Maintains	Neutral	$55.00 → $62.00	48%
Barclays	Nov 5, 2025	Maintains	Equal-Weight	$43.00 → $50.00	51%
BTIG	Oct 31, 2025	Maintains	Buy	$55.00 → $65.00	45%

The case for and against

Updated Apr 17, 2026

Bull case

Valaris Ltd is well-positioned for growth due to several key factors, including a significant rebound in offshore vessel utilization rates and premium day rates for jackup rigs, demonstrating a strong demand environment in the offshore drilling sector. The anticipated completion of Valaris's acquisition by Transocean is expected to create cost synergies, enhancing the financial performance of both companies and accelerating the deleveraging process for Transocean, contributing to a positive outlook for Valaris. Additionally, several macroeconomic trends, including rising global GDP, increased E&P capital expenditures, and improving conditions for offshore activity, are likely to support higher asset prices and day rates, further bolstering Valaris's market position.

Bear case

The outlook for Valaris Ltd is negatively impacted by declining activity levels across its operational segments, with the working jackup count decreasing approximately 1% month-over-month and 4% year-over-year, alongside a notable reduction in floater activity averaging 110 rigs, which is down 11% compared to the previous October. Revenue estimates have been adjusted downward, with FY2027 projections reduced to $2.5 billion from $2.7 billion, signaling potential long-term revenue challenges. The inability to effectively monetize the ARO segment further exacerbates financial pressures, leading to a substantial decrease in the projected EV/EBITDA multiple for 2027, suggesting diminished shareholder value.

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