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.
| Type | Public | |
| HQ | London, GB | Map |
| Website | valaris.com |
Recent NewsAll News
- Valaris plc Executes $500 Million DIP Term Loan Credit Agreement
- Valaris plc Announces Additional Support for Restructuring and Extension of Joinder Period
- Thinking about buying stock in Valaris PLC, T2 Biosystems, Seanergy Maritime, Global Eagle Entertainment, or Penn National Gaming?
- Thinking about buying stock in Tailored Brands, IZEA Worldwide, Valaris PLC, Jiayin Group, or Denbury Resources?
Key People/Management at Valaris
Thomas Burke
President and Chief Executive Officer
Jonathan Baksht
Executive Vice President and Chief Financial Officer
Gilles Luca
Senior Vice President and Chief Operating Officer
Alan Quintero
Senior Vice President, Business Development
Michael T. McGuinty
Senior Vice President, General Counsel and Secretary
Jack Winton
Vice President, Human Resources and Transformation
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
Valaris Financials and Metrics
Valaris Revenue
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.
| GBP | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
|---|---|---|---|---|---|
Revenue | 3.4b | 3.2b | 2.0b | 1.4b | 1.3b |
Cost of goods sold | 2.5b | 2.4b | 1.3b | 1.4b | 1.4b |
Gross profit | 849.6m | 799.4m | 712.7m | 7.6m | (60.7m) |
Gross profit Margin, % | 25% | 25% | 36% | 1% | (5%) |
| GBP | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
|---|---|---|---|---|---|
Cash | 456.2m | 93.8m | 826.4m | 341.3m | 210.8m |
Accounts Receivable | 606.2m | 449.8m | 257.3m | 263.5m | 264.2m |
Inventories | 164.9m | 181.9m | 160.5m | 213.7m | 205.5m |
Current Assets | 1.9b | 1.8b | 2.4b | 1.2b | 1.0b |
| GBP | FY, 2014 |
|---|---|
Financial Leverage | 2.2 x |
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Valaris Environment, Social & Governance (ESG) Ratings
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Valaris's Trends
Valaris News and Updates
September 28, 2020
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...
September 11, 2020
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...
June 12, 2020
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....
June 11, 2020
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....
June 08, 2020
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....
March 27, 2020
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...
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.
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