Valaris (VAL)
Supplies crewed floaters and jackups for offshore oil and gas drilling.
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Supplies drillships, semisubmersibles, and jackups with crews to offshore oil and gas operators under day-rate contracts. ARO, its Saudi Aramco joint venture, extends the business into Saudi offshore drilling, while results depend on rig utilization, operational performance, offshore spending, and the pending Transocean combination.
Provides offshore contract drilling through Floaters, which deploy drillships and semisubmersibles; Jackups for shallow-water work; ARO, the unconsolidated joint venture with Saudi Aramco; and Other, covering third-party rig management and rigs leased to ARO. Customers include international, state-owned, and independent oil and gas producers across the Americas, Europe, the Middle East, Africa, and Asia Pacific.
Earns primarily through day-rate contracts bundling a rig and crew, making utilization, uptime, safety performance, and contract terms central to revenue. Fleet mobility and technical capability support deepwater and shallow-water programs, while demand tracks offshore spending and commodity cycles. Operations face environmental, safety, permitting, and local-country rules. ARO distributions require both partners' approval, and the pending Transocean combination remains subject to shareholder, regulatory, and court approvals.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 8, 2026 | Susquehanna | Reiterate | Rating: —Target: $96 | Target: $75 |
| Mar 9, 2026 | BTIG | Downgrade | ||
| Feb 23, 2026 | Susquehanna | Reiterate | Rating: —Target: $51 | Target: $96 |
| Nov 5, 2025 | Barclays | Reiterate | Rating: —Target: $98 | Target: $50 |
| Oct 31, 2025 | BTIG | Reiterate | Rating: —Target: — | Target: $65 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $541.2M · Total debt $1.17B · Total assets $5.45B · Shareholders' equity $3.22B
- Revenue
- $539.2M
- Operating income
- $51.1M
- Net income
- $50.4M
No dividends on record.
| Institutions | 91.35% | 63.26M shares | |
|---|---|---|---|
| 360 holders · as of Jun 30, 2026 | |||
| Insiders | 16.87% | 11.68M shares | |
| 12 holders · as of Jul 7, 2026 | |||
| Strategic holders | 24.83% | 17.19M shares | |
| 2 holders · as of Feb 13, 2026 | |||
| Adds to | 133.05% | ||
69.25M company shares as of Aug 21, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 133.05%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Transocean Ltd.Strategic | 18.16% | 12.57M | filed Feb 13, 2026 |
BlackRock, Inc.Institution | 11.86% | 8.21M | as of Jun 30, 2026 |
Steven A. TananbaumInsider | 10.77% | 7.46M | filed Feb 10, 2022 |
Orbis Investment Management Limited ("OIML")Institution | 8.32% | 5.76M | filed Feb 14, 2024 |
Lodbrok Capital LLPStrategic | 6.67% | 4.62M | filed Feb 14, 2022 |
Insider tradesForm 4
No open-market trades in the last 12 months.
- Noble
Broad floater and high-spec jackup overlap.
- Transocean
Ultra-deepwater and harsh-environment floater overlap.
- Seadrill
Deepwater floater overlap in Brazil, Angola, and Asia.
- Borr
Premium jackup overlap in shallow-water basins.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Valaris | $82.58 | +0.97% | $5.66B | 6.1 | 13.5 | 2.6 | −12.4% |
| Noble | $45.12 | +2.07% | $7.06B | 47.5 | 47.3 | 2.3 | −15.2% |
| Transocean | $5.48 | +0.46% | $5.54B | — | 28.8 | 1.3 | −2.2% |
| Seadrill | $47.03 | +0.97% | $2.91B | 1,552.7 | 22.5 | 1.9 | +19.1% |
| Borr | $4.47 | +0.79% | $1.36B | — | — | 1.3 | −13.2% |
| Median | 800.1 | 28.8 | 1.6 | −7.7% |