|Bid||0.3600 x 1000|
|Ask||0.3880 x 800|
|Day's range||0.3009 - 0.3800|
|52-week range||0.0500 - 7.7600|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||28 Oct 2020 - 02 Nov 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||1.74|
Valaris (NYSE: VAL) has filed for Chapter 11 bankruptcy. The world's largest offshore drilling contractor is the latest company in that sector to go this route because of this year's steep decline in oil prices, following earlier filings by Noble Energy and Diamond Offshore Drilling. The company recently warned that bankruptcy was "imminent," so this official announcement comes as no surprise.
Valaris (VAL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Investors need to pay close attention to Valaris (VAL) stock based on the movements in the options market lately.