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VALARIS LIMITED

(VAL)
  Report
Delayed Nyse  -  04:00:02 2023-02-03 pm EST
73.01 USD   +3.63%
01/27Valaris Ltd : Entry into a Material Definitive Agreement, Financial Statements and Exhibits (form 8-K)
AQ
01/24Valaris Schedules Fourth Quarter 2022 Earnings Release and Conference Call
BU
01/19Benchmark Initiates Valaris at Buy With $95 Price Target
MT
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Valaris Announces New Executive Leadership Position

06/02/2022 | 04:31pm EST

Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") today announced that Christophe Raimbault, Vice President and interim Head of Marketing will take on a new role as Vice President - Sustainability and New Energy. Christophe will continue to serve as Vice President and interim Head of Marketing until Matt Lyne joins Valaris as Senior Vice President and Chief Commercial Officer, which is expected to occur in the third quarter of 2022.

President and Chief Executive Officer, Anton Dibowitz said, “The creation of this new position highlights the Company’s continued strategic focus on sustainable business practices that support our purpose of providing responsible solutions that deliver energy to the world. Christophe’s appointment will drive further momentum behind our commitment to reduce emissions from our operations and partner with our customers to support their ESG efforts, as well as identify and progress opportunities within the new energy arena.”

About Valaris Limited

Valaris Limited (NYSE: VAL) is the industry leader in offshore drilling services across all water depths and geographies. Operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups, Valaris has experience operating in nearly every major offshore basin. Valaris maintains an unwavering commitment to safety, operational excellence, and customer satisfaction, with a focus on technology and innovation. Valaris Limited is a Bermuda exempted company (Bermuda No. 56245). To learn more, visit our website at www.valaris.com.

Cautionary Statements

Statements contained in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include words or phrases such as "anticipate," "believe," "estimate," "expect," "intend," “likely,” "plan," "project," "could," "may," "might," “should,” “will” and similar words. The forward-looking statements contained in this press release are subject to numerous risks, uncertainties and assumptions that may cause actual results to vary materially from those indicated, including the COVID-19 outbreak and global pandemic and the related public health measures implemented by governments worldwide; the cancellation, suspension, renegotiation or termination of drilling contracts and programs, including drilling contracts which grant the customer termination rights if final investment decision (FID) is not received with respect to projects for which the drilling rig is contracted; oil and natural gas price volatility, customer demand for drilling rigs; downtime and other risks associated with offshore rig operations; severe weather or hurricanes; changes in worldwide rig supply, competition and technology; risks inherent to shipyard rig reactivation, upgrade, repair or maintenance; our ability to enter into, and the terms of, future drilling contracts; suitability of rigs for future contracts; governmental regulatory, legislative and permitting requirements affecting drilling operations; our ability to obtain financing, fund capital expenditures and pursue other business opportunities; the effects of our emergence from bankruptcy on the Company's business, relationships, comparability of our financial results and ability to access financing sources; actions taken by regulatory authorities or other third parties, including related to the COVID-19 global pandemic; increased scrutiny of Environmental, Social and Governance (“ESG”) practices and reporting responsibilities; changes in customer strategy; future levels of offshore drilling activity; governmental action, civil unrest and political and economic uncertainties; terrorism, piracy and military action; environmental or other liabilities, risks or losses; debt agreement restrictions that may limit our liquidity and flexibility; failure to satisfy our debt obligations; and cybersecurity risks and threats. In addition to the numerous factors described above, you should also carefully read and consider “Item 1A. Risk Factors” in Part I and “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Part II of our most recent annual report on Form 10-K, as updated in our subsequent quarterly reports on Form 10-Q, which are available on the Securities and Exchange Commission’s website at www.sec.gov or on the Investor Relations section of our website at www.valaris.com. Each forward-looking statement speaks only as of the date of the particular statement and we undertake no obligation to update or revise any forward-looking statements, except as required by law.


ę Business Wire 2022
All news about VALARIS LIMITED
01/27Valaris Ltd : Entry into a Material Definitive Agreement, Financial Statements and Exhibit..
AQ
01/24Valaris Schedules Fourth Quarter 2022 Earnings Release and Conference Call
BU
01/19Benchmark Initiates Valaris at Buy With $95 Price Target
MT
01/13Valaris : LimitedFleet Status ReportJanuary 12, 2023 - Form 8-K
PU
01/13Valaris Ltd : Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)
AQ
01/12Valaris Provides Fleet Status Report
BU
01/11Valaris to Present at Fearnley Securities' Offshore Drilling Seminar
AQ
01/10Valaris to Present at Fearnley Securities' Offshore Drilling Seminar
BU
2022Valaris Announces Contract Awards and Extensions
MT
2022Valaris Announces Contract Awards and Fleet Status Updates
BU
More news
Analyst Recommendations on VALARIS LIMITED
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Financials (USD)
Sales 2022 1 587 M - -
Net income 2022 170 M - -
Net cash 2022 161 M - -
P/E ratio 2022 31,2x
Yield 2022 -
Capitalization 5 489 M 5 489 M -
EV / Sales 2022 3,36x
EV / Sales 2023 2,83x
Nbr of Employees 3 400
Free-Float 92,6%
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 6
Last Close Price 73,01 $
Average target price 95,67 $
Spread / Average Target 31,0%
EPS Revisions
Managers and Directors
Anton Dibowitz President, Chief Executive Officer & Director
Christopher T. Weber Chief Financial Officer & Senior Vice President
Elizabeth Darst Leykum Chairman
Gilles Luca Chief Operating Officer & Senior Vice President
Elizabeth Darby Chief Compliance Officer
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