Valaris Ltd (N:VAL)
Business Focus: Oil & Gas Drilling
Mostly sunny as of April 01, 2024
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Latest 10 SEC Form 4 filings for VAL*US within the last 6 months
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Company News
Apr 11, 2024 16:30 ET
Valaris Schedules First Quarter 2024 Earnings Release and Conference Call
Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") will hold its first quarter 2024 earnings conference call at 9:00 a.m. CDT (10:00 a.m. EDT) on Thursday, May 2, 2024. The earnings release will be issued before the New York Stock Exchange opens that morning.
Apr 04, 2024 16:15 ET
Valaris Announces Contract Suspension for Jackup VALARIS 143
Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) announced today that ARO Drilling (“ARO”), its joint venture in Saudi Arabia, received a notice of suspension from Aramco for one of its 19 contracted rigs, jackup VALARIS 143 (EXL I). The rig’s contract was previously scheduled to end in December 2024. The suspension notice is for a period of up to twelve months and ARO is in discussions with Aramco to determine the effective date of the suspension. During the suspension period, ARO will have the right to terminate the drilling contract with Aramco. Valaris leases VALARIS 143 (EXL I) to
Valuation Ratios
Industry
Sector
Beta
N/A
--
--
Price to Sales - TTM
2.74
0.91
1.70
Price to Book - most recent quarter
2.46
1.04
1.48
Price to Cash Flow per share - TTM
5.05
5.76
6.58
Price to Free Cash Flow per share - TTM
--
14.04
17.70
Business Summary
| Sector: Energy | Industry: Oil & Gas Drilling |
Valaris Limited provides an offshore drilling service. The Company operates a rig fleet of ultra-deepwater drill ships, versatile semisubmersibles and modern shallow water jackups. The Company is engaged in providing offshore contract drilling services to the international oil and gas industry with operations in the offshore market across six continents. The Company operates through four segments: Floaters, which includes its drill ships and semisubmersible rigs; Jackups; ARO, and Other, which consists of management services on rigs owned by third parties and the activities associated with its arrangements with ARO. It provides drilling services across all water depths with unmatched scale, geographic presence and customer relationships. Its customers include many of the offshore exploration and production companies, including integrated energy companies, national oil companies and independent operators.
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