OverviewSuggest Edit

Valaris (formerly known as Ensco Rowan) is a company that provides offshore-drilling services to the petroleum industry. Its fleet includes drillships, semisubmersibles, moored semisubmersibles, and premium jackups. The company also provides drilling management services for customer-owned platforms. The company was formed as a result of a merger between Ensco and Rowan Companies.

TypePublic
HQLondon, GB
Websitevalaris.com

Latest Updates

Employees (est.) (Aug 2020)5,800
Revenue (FY, 2018)£1.3 B(-7%)
Share Price (Jan 2021)$0.1 (-2%)
Cybersecurity ratingCMore

Key People/Management at Valaris

Thomas Burke

Thomas Burke

President and Chief Executive Officer
Jonathan Baksht

Jonathan Baksht

Executive Vice President and Chief Financial Officer
Gilles Luca

Gilles Luca

Senior Vice President and Chief Operating Officer
Alan Quintero

Alan Quintero

Senior Vice President, Business Development
Michael T. McGuinty

Michael T. McGuinty

Senior Vice President, General Counsel and Secretary
Jack Winton

Jack Winton

Vice President, Human Resources and Transformation
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Valaris Office Locations

Valaris has offices in London, Houston, Ciudad del Carmen, Stavanger and in 2 other locations
London, GB (HQ)
6 Chesterfield Gardens, Mayfair
London, GB
110 Cannon St
Ciudad del Carmen, MX
Oriente, Puerto Pesquero
Stavanger, NO
Veritasveien 25
Singapore, SG
5 Temasek Blvd
Houston, TX, US
1415 S Voss Rd Ste 110
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Valaris Financials and Metrics

Valaris Revenue

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Valaris's revenue was reported to be £1.31 b in FY, 2018
GBP

Revenue (FY, 2018)

1.3b

Gross profit (FY, 2018)

(60.7m)

Gross profit margin (FY, 2018), %

(4.6%)

Net income (FY, 2018)

(252.4m)

EBIT (FY, 2018)

(135.7m)

Market capitalization (28-Jan-2021)

65.8m

Closing stock price (28-Jan-2021)

0.1

Cash (31-Dec-2018)

210.8m

EV

3.7b
Valaris's current market capitalization is $65.8 m.
GBPFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

3.4b3.2b2.0b1.4b1.3b

Cost of goods sold

2.5b2.4b1.3b1.4b1.4b

Gross profit

849.6m799.4m712.7m7.6m(60.7m)

Gross profit Margin, %

25%25%36%1%(5%)
GBPFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

456.2m93.8m826.4m341.3m210.8m

Accounts Receivable

606.2m449.8m257.3m263.5m264.2m

Inventories

164.9m181.9m160.5m213.7m205.5m

Current Assets

1.9b1.8b2.4b1.2b1.0b
GBPFY, 2014

Financial Leverage

2.2 x
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Valaris Cybersecurity Score

Cybersecurity ratingPremium dataset

C

77/100

SecurityScorecard logo

Valaris Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Valaris Online and Social Media Presence

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Valaris News and Updates

Valaris plc Executes $500 Million DIP Term Loan Credit Agreement

LONDON, Sept. 28, 2020 /PRNewswire/ -- Valaris plc (OTC: VALPQ) ("Valaris" or the "Company") today announced that, on September 25, 2020, the Company entered into a $500 million Debtor-in-Possession ("DIP") term loan agreement with certain of its noteholders. This agreement was executed...

Valaris plc Announces Additional Support for Restructuring and Extension of Joinder Period

LONDON, Sept. 11, 2020 /PRNewswire/ -- Valaris plc (OTC: VALPQ) ("Valaris" or the "Company") today announced that holders of over 70% in aggregate principal amount of its senior notes (the "Consenting Noteholders") have now executed the Restructuring Support Agreement (the "RSA") and...

Thinking about buying stock in Valaris PLC, T2 Biosystems, Seanergy Maritime, Global Eagle Entertainment, or Penn National Gaming?

NEW YORK, June 12, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for VAL, TTOO, SHIP, ENT, and PENN. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....

Thinking about buying stock in Tailored Brands, IZEA Worldwide, Valaris PLC, Jiayin Group, or Denbury Resources?

NEW YORK, June 11, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for TLRD, IZEA, VAL, JFIN, and DNR. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....

Thinking about buying stock in Lonestar Resources, Valaris, Whiting Petroleum, Electrameccanica Vehicles, or Funko Inc?

NEW YORK, June 8, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for LONE, VAL, WLL, SOLO, and FNKO. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....

Valaris Provides Update on Operations, Contracts and Guidance

LONDON, March 26, 2020 /PRNewswire/ -- Valaris plc (NYSE: VAL) ("Valaris" or the "Company") announced today that the Company continues actively working to recover or replace the blowout preventer (BOP) stack on VALARIS DS-8 following a non-drilling incident earlier this month. On March...
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Valaris Frequently Asked Questions

  • Who are Valaris key executives?

    Valaris's key executives are Thomas Burke, Jonathan Baksht and Gilles Luca.

  • How many employees does Valaris have?

    Valaris has 5,800 employees.

  • What is Valaris revenue?

    Latest Valaris annual revenue is £1.3 b.

  • What is Valaris revenue per employee?

    Latest Valaris revenue per employee is £225.3 k.

  • Who are Valaris competitors?

    Competitors of Valaris include Peerless, Mobile Drill and GEFCO.

  • Where is Valaris headquarters?

    Valaris headquarters is located at 6 Chesterfield Gardens, Mayfair, London.

  • Where are Valaris offices?

    Valaris has offices in London, Houston, Ciudad del Carmen, Stavanger and in 2 other locations.

  • How many offices does Valaris have?

    Valaris has 10 offices.