|Bid||0.6050 x 1300|
|Ask||0.6199 x 4000|
|Day's range||0.5200 - 0.6135|
|52-week range||0.2900 - 8.9900|
|Beta (5Y monthly)||3.02|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||08 Mar 2019|
|1y target est||N/A|
Global oil markets have collapsed since the beginning of March as the coronavirus pandemic has crushed fuel demand. Expensive offshore drilling projects have been halted or delayed, creating an uncertain outlook for service firms that had hardly recovered from the last oil price crash. London-based Valaris, the result of the 2019 merger of Ensco Plc and Rowan Companies, posted a $2.81 billion (2.23 billion pounds) asset impairment charge in the first quarter.
Valaris (VAL) expects cost-cut efforts to lead to more than $265 million in operating cost savings by the end of the June quarter of 2021.
The U.S. crude benchmark finished sharply lower last week amid speculation that OPEC and its allies are deeply divided over Saudi Arabia's push for deeper production cuts.
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.
The Zacks Analyst Blog Highlights: Halliburton, Noble, Transocean, Diamond Offshore Drilling and Valaris