Barclays analyst Eddie Kim maintains $Valaris (VAL.US)$ with a buy rating, and adjusts the target price from $61 to $59.
According to TipRanks data, the analyst has a success rate of 42.9% and a total average return of 1.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Valaris (VAL.US)$'s main analysts recently are as follows:
The demand for deepwater rigs in 2026 and beyond is expected to remain stable, but the immediate future outlook for Valaris seems to be less promising.
Floater activity continues to exhibit a downward trend, with approximately 125 floaters operational in October, a slight decrease from the year-to-date average of around 128. The year 2025 is anticipated to be a pivotal year for the transition of offshore drilling activity.
Note:
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