NYSE:VAL - New York Stock Exchange, Inc. - BMG9460G1015 - Common Stock - Currency: USD
Valaris (VAL) delivered earnings and revenue surprises of -148.18% and 8.03%, respectively, for the quarter ended March 2025. Do the numbers hold clues to what lies ahead for the stock?
Mentions: SDRL
Noble Corporation PLC (NE) delivered earnings and revenue surprises of -16.13% and 2.41%, respectively, for the quarter ended March 2025. Do the numbers hold clues to what lies ahead for the stock?
Mentions: NE
RIG is expected to have earned higher revenues than the year-ago level. Despite this revenue growth, it is likely to have faced increased costs and expenses during the first quarter.
Valaris (VAL) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Mentions: NBR
Precision Drilling (PDS) delivered earnings and revenue surprises of -2.55% and 0.85%, respectively, for the quarter ended March 2025. Do the numbers hold clues to what lies ahead for the stock?
Mentions: PDS
J.P. Morgan analyst Arun Jayaram reiterated the Underweight rating on Valaris Limited (NYSE:VAL) on Monday, lowering the price forecast from $40 to $38. The analyst suggests that while the company has made significant fleet rationalization efforts, it may still need to implement further cost-cutting measures to meet the mid-point of its 2025 EBITDA guidance of $530 million. According to Jayaram, despite an incident causing two weeks of downtime on the DS-17 drillship in the first quarter of 2025
The anticipated upcycle in deepwater drilling has been deferred to 2026 or later due to factors like FPSO lead times, regulatory approvals, and capital discipline.
Mentions: NE
The offshore drilling company’s net income more than doubled to $133.7 million, compared to the third quarter.
Mentions: XES
Trump "Drill. baby, drill" initiatives can spark more demand for contract offshore oil drillers. Here are 3 drillers that can benefit from new market demand.
The bearish sentiment that has ruled oil markets in 2024 has taken a toll on the offshore sector as traders worry whether oil prices will remain high enough to support offshore drilling.