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.
VAL is well-positioned to capitalize on the multi-year upcycle due to its fleet size and portfolio approach to contracting. The company's strong balance sheet and undervalued stock price drive my bullish outlook despite recent sector weakness. Valaris's ARO joint venture with Saudi Aramco provides a foothold in one of the most active and stable regions.
Valaris offers strong revenue visibility with contracts covering much of its fleet through 2026-2027, providing predictable cash flows and margin of safety. The company's backlog exceeds its market cap, and recent share buybacks signal management's confidence and shareholder-friendly policies. Offshore drilling's lower breakeven points vs. unconventional oil extraction hedge against weak oil prices, supporting Valaris' stable business model.
15 Mar 2024 Date | | - Cons. EPS | - EPS |
13 Mar 2024 Date | | - Cons. EPS | - EPS |
27 Oct 2023 Date | | - Cons. EPS | - EPS |
1 Oct 2016 Date | | - Cons. EPS | - EPS |
30 Sep 2016 Date | | - Cons. EPS | - EPS |
15 Mar 2024 Date | | - Cons. EPS | - EPS |
13 Mar 2024 Date | | - Cons. EPS | - EPS |
27 Oct 2023 Date | | - Cons. EPS | - EPS |
1 Oct 2016 Date | | - Cons. EPS | - EPS |
30 Sep 2016 Date | | - Cons. EPS | - EPS |
Oil & Gas Equipment & Services Industry | Energy Sector | Anton Dibowitz CPA CEO | ASX Exchange | AU000000VAL6 ISIN |
BM Country | 4,130 Employees | - Last Dividend | - Last Split | 17 Mar 1992 IPO Date |