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Stockchase Opinions

The Panic-Proof Portfolio (Stockchase Research)Valaris LimitedVALTOP PICKJan 16, 2025

Stockchase Research Editor: Michael O'Reilly

We reiterate VAL, the world's largest offshore rig operator, as a TOP PICK.  Its size makes it the go to offshore rig provider during periods of drilling revival -- which we think may be underway again.  It trades at 10x earnings, 1.6x book and supports a robust 32% ROE.  We continue to recommend a stop at $40, looking to achieve $60 -- upside potential of 23%.  Yield 0%

(Analysts’ price target is $60.36)
$48.48

Stock price when the opinion was issued

$89.95

As of Jun 12, 2026. Market Open.

oilgas
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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Jan 16/25, Down 17.5%)Stockchase Research Editor: Michael O’Reilly

Our PAST TOP PICK with VAL has triggered its stop at $40.  To remain disciplined, we recommend covering the position at this time.  When combined with our previous guidance, this will result in a net investment loss of 22%.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly

The largest offshore oil and gas driller, operating 53 rigs worldwide.  They beat 2nd quarter guidance as drilling contracts have extended longer -- they now hold over $4 billion in contract backlogs.  We like that it trades at 5x earnings, under 2x book and supports a ROE of 59%.  We recommend setting a stop-loss at $40, looking to achieve $69 -- upside potential of 27%.  Yield 0%  

(Analysts’ price target is $87.45)