VAL Stock Recent News

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Schedules First Quarter 2025 Earnings Release and Conference Call.

Valaris' jack-up rig is scheduled to undertake a drilling operation at the Montara field.

J.P. Morgan analyst Arun Jayaram reiterated the Underweight rating on Valaris Limited VAL on Monday, lowering the price forecast from $40 to $38.

VAL believes that the new contract award demonstrates the drillship's successful record of completing projects in West Africa and highlights its operational efficiency.

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Announces Two-Year Contract Award for Drillship VALARIS DS-10.

Valaris is poised to reach $61.50 in 24 months due to overblown whitespace fears, improved fleet management, and favorable rig reactivation conditions. The company benefits from increased contract availability, premium fleet positioning, and efficient sales, capturing 42% of the remaining 2025 FIDs. Margin expansion is expected as low-priced contracts end and Valaris shifts to a higher-spec fleet, boosting day rates and profitability.

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") today announced that President and Chief Executive Officer Anton Dibowitz will be a panelist at the DNB Energy & Shipping Conference 2025 in Oslo, Norway on Wednesday, March 5, 2025. Investor materials to be used during the conference will be available on Valaris' website at www.valaris.com prior to the event. About Valaris Limited Valaris Limited (NYSE: VAL) is the industry leader in offshore drill.

VAL plans to retire the VALARIS DPS-5, VALARIS DPS-3 and VALARIS DPS-6 semi-submersible rigs. These rigs may be upcycled for alternative purposes or scrapped entirely.

Valaris Limited (NYSE:VAL ) Q4 2024 Earnings Conference Call February 20, 2025 10:00 AM ET Company Participants Nick Georgas - Vice President, Treasurer and Investor Relations Anton Dibowitz - President and Chief Executive Officer Matt Lyne - Senior Vice President and Chief Commercial Officer Chris Weber - Senior Vice President and Chief Financial Officer Conference Call Participants Eddie Kim - Barclays Fredrik Stene - Clarksons Securities Kurt Hallead - Benchmark David Smith - Pickering Energy Partners Arun Jayaram - JPMorgan Operator Good day, and welcome to the Valaris Fourth Quarter 2024 Results Conference Call. All participants will be in a listen-only mode.

HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") today reported fourth quarter 2024 results. President and Chief Executive Officer Anton Dibowitz said, “We continued to deliver solid operating and financial performance, achieving fleetwide revenue efficiency of 96% in the fourth quarter and 97% for the full year. We also had outstanding safety performance in 2024 and are proud to have been recognized with safety awards by both the IADC and the Center.