Why These Energy Stocks are Losing This Week

7. Valaris Limited (NYSE:VAL)

Share Price Decline Between Feb. 24 and Mar. 3: 19.66%

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) recently revealed its Q4 2024 results, with total earnings of $133.7 million. The figure beat market expectations but was far below the net income of $835.2 million in the same period of 2023.

Valaris Limited (NYSE:VAL) expects growth to slow down in Q1 of 2025, with total revenues in the range of $586 to $600 million compared to $584 million in Q4 2024. Revenues for the first quarter are expected to be flat to slightly higher as more operating days for Valaris DS-4 are largely offset by fewer operating days for DS-12. Moreover, the company announced that it has planned the retirement of semisubmersibles VALARIS DPS-3, DPS-5, and DPS-6, and the sale of jackup VALARIS 75 for $24 million in the first quarter of 2025.