Could Valaris plc (VAL) Recover After Today’s Huge Decline?

The stock of Valaris plc (NYSE:VAL) is a huge mover today! The stock decreased 5.19% or $0.35 during the last trading session, reaching $6.3. About 4.16M shares traded. Valaris plc (NYSE:VAL) has 0.00% since September 13, 2018 and is . It has by 0.00% the S&P500.
The move comes after 5 months negative chart setup for the $1.25B company. It was reported on Sep, 13 by Barchart.com. We have $5.73 PT which if reached, will make NYSE:VAL worth $112.59 million less.

Analysts await Valaris plc (NYSE:VAL) to report earnings on November, 4. They expect $-1.40 EPS, down 6.06 % or $0.08 from last year’s $-1.32 per share. After $-1.32 actual EPS reported by Valaris plc for the previous quarter, Wall Street now forecasts 6.06 % negative EPS growth.

More notable recent Valaris plc (NYSE:VAL) news were published by: Benzinga.com which released: “55 Stocks Moving In Thursday’s Mid-Day Session – Benzinga” on September 05, 2019, also Globenewswire.com with their article: “SHAREHOLDER ALERT – Valaris plc (VAL) – Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Class Action and Lead Plaintiff Deadline: October 21, 2019 – GlobeNewswire” published on September 06, 2019, Prnewswire.com published: “VAL CLASS ACTION ALERT: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Motion for Lead Plaintiff in a Securities Class Action Lawsuit Against Valaris plc. – PRNewswire” on September 05, 2019. More interesting news about Valaris plc (NYSE:VAL) were released by: Businesswire.com and their article: “INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Valaris plc Investors (VAL) – Business Wire” published on September 10, 2019 as well as Globenewswire.com‘s news article titled: “SHAREHOLDER ALERT: EGBN JE GVA VAL: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines – GlobeNewswire” with publication date: September 12, 2019.

Valaris plc provides offshore drilling services in various water depths worldwide. The company has market cap of $1.25 billion. It operates a rig fleet of ultra-deepwater drillships, versatile semisubmersibles, and modern shallow-water jackups. It currently has negative earnings. The company's offshore fleet includes 16 drillships, 12 semisubmersibles, 54 jackups, and 2 deepwater managed units.

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