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Valaris Ltd - VAL STOCK NEWS

Welcome to our dedicated news page for Valaris (Ticker: VAL), a resource for investors and traders seeking the latest updates and insights on Valaris.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Valaris's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Valaris's position in the market.

News
International Seaways, Inc. Announces Nomination of New Independent Directors
Rhea-AI Summary
International Seaways, Inc. (NYSE: INSW) announced the nomination of new independent directors, Kristian K. Johansen and Darron M. Anderson, for election at the 2024 Annual Meeting of Stockholders. The Company will refresh its Board by nominating these directors, with Joseph I. Kronsberg retiring. The nominations follow discussions with Seatankers Group and an independent search process. The Company aims to leverage the new directors' expertise to drive strong earnings and execute its capital allocation strategy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.48%
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none
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News
Valaris Schedules First Quarter 2024 Earnings Release and Conference Call
Rhea-AI Summary
Valaris (VAL) announces its first quarter 2024 earnings conference call scheduled for May 2, 2024. The call will be webcast live on their website, with a replay available. Investors and stakeholders can access the call through various means.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.38%
Tags
earnings
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News
Valaris Announces Contract Suspension for Jackup VALARIS 143
Rhea-AI Summary
Valaris (VAL) joint venture in Saudi Arabia, ARO Drilling, receives suspension notice from Aramco for rig VALARIS 143 (EXL I) for up to twelve months. ARO in talks with Aramco to finalize suspension details.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.1%
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none
News
Valaris Reports Fourth Quarter 2023 Results
Rhea-AI Summary
Valaris Limited (VAL) reported strong fourth-quarter 2023 results with net income of $829 million, adjusted EBITDA of $58 million, and contract backlog exceeding $3.9 billion. The company's focus on operational efficiency and customer relationships led to significant revenue growth and new contract awards. Despite positive financial highlights, Valaris experienced a decrease in cash and cash equivalents due to capital expenditures and share repurchases.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.6%
Tags
earnings
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News
Valaris Issues Fleet Status Report
Rhea-AI Summary
Valaris Limited (VAL) issues Fleet Status Report detailing offshore drilling rigs and contract information.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.26%
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none
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News
Valaris Schedules Fourth Quarter 2023 Earnings Release and Conference Call
Rhea-AI Summary
Valaris Limited (NYSE: VAL) will hold its fourth-quarter 2023 earnings conference call on February 22, 2024. The earnings release will be issued before the New York Stock Exchange opens. Participants can access the call via webcast or phone. The webcast replay and transcript will be available on the Company’s website. Valaris uses its website to disclose material and non-material information to investors, customers, employees, and others interested in the Company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.76%
Tags
earnings
News
Valaris Announces Contract Awards and Fleet Status Updates
Rhea-AI Summary
Valaris Limited (VAL) announces new contracts and extensions with a contract backlog of approximately $1.14 billion, demonstrating positive outlook and attractive economics. The awards include multi-year drillship contracts and jackup contracts across the North Sea, Trinidad, and Australia.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.8%
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none
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News
Valaris Announces Multi-Year Contract Award for Drillship VALARIS DS-4
Rhea-AI Summary
Valaris Limited (VAL) has been awarded a 1,064-day contract for drillship VALARIS DS-4 with Petrobras offshore Brazil, with a total contract value of approximately $519 million. The contract is expected to commence late in the fourth quarter of 2024, following completion of the rig’s current contract with Petrobras, and the rig is expected to be out of service for approximately 90 days for customer-required upgrades. President and CEO Anton Dibowitz expressed delight in securing further work with Petrobras, anticipating increased earnings and cash flow as rigs are recontracted at market rates.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.7%
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none
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News
Valaris Takes Delivery of Newbuild Drillships VALARIS DS-13 and DS-14
Rhea-AI Summary
Valaris Limited (VAL) exercises options and takes delivery of newbuild drillships VALARIS DS-13 and DS-14 for approximately $337 million. President and CEO Anton Dibowitz expresses excitement over the addition of the two rigs, increasing the drillship fleet to 13 and reinforcing its position as one of the most technically capable in the industry. The purchase is expected to increase the Company’s fourth quarter 2023 capital expenditures by approximately $355 million, with an additional $35 million in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.72%
Tags
none
News
Valaris Reports Third Quarter 2023 Results
Rhea-AI Summary
Valaris Limited (NYSE: VAL) reported third quarter 2023 results with net income of $17 million, Adjusted EBITDA of $40 million, and revenue efficiency of 94%. The company was awarded new contracts and extensions worth approximately $465 million during the quarter, and an additional $335 million worth of contracts following quarter end. Valaris remains confident in the strength and duration of the current market upcycle.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.3%
Tags
earnings
Stock VAL logo
Valaris Ltd

NYSE:VAL

VAL Rankings

#1200 Ranked by Market Cap
#2045 Ranked by Stock Gains
N/A Ranked by Dividends

VAL Stock Data

5.13B
62.04M
7.89%
90.92%
5.72%
Drilling Oil and Gas Wells
Mining, Quarrying, and Oil and Gas Extraction
Link
Bermuda
Hamilton

About VAL

ensco brings energy to the world as a global provider of offshore drilling services to the petroleum industry. we own the world’s newest ultra-deep water rig fleet and largest fleet of active premium jackups and are investing billions of dollars in additional drillships and high-specification jackups. across six continents, we operate in the most strategic offshore basins including the u.s. gulf of mexico, mexico, brazil, europe, middle east, africa, asia and the pacific rim. ensco is an s&p 500 company listed on the new york stock exchange (nyse:esv). at ensco, we: •recruit the most talented people to achieve our high operating standards •instill a culture that is centered on our core values, including high ethical standards, a commitment to safety and operational excellence, and a can-do attitude •offer extensive training opportunities including industry-accredited competency assurance programs to ensure our employees are properly equipped to excel •provide visible career adv