Why These Energy Stocks are Gaining This Week

3. Valaris Limited (NYSE:VAL)

Share Price Gains Between Mar. 3 and Mar. 10: 12.57%

Valaris Limited (NYSE:VAL), together with its subsidiaries, provides offshore contract drilling services in Brazil, the United Kingdom, the US Gulf of Mexico, Australia, Angola, and internationally.

Valaris Limited (NYSE:VAL) reported an EPS of $1.88 in Q4 of 2024, beating analysts’ estimates by $0.86. The company’s revenue of $584.4 million was also up 20.8% YoY and above market expectations by over $6.8 million. Valaris has emerged stronger from a prolonged downturn in the offshore drilling industry, with less debt, improved management, and aggressive share repurchases. These factors, along with increasing demand for offshore drilling, have positioned the company as a competitive player with significant upside potential.