Valaris Ltd (NYSE: VAL) stock reached an all-time high of $96.55, currently trading at $97.55, marking a 129% surge over the past year. The company’s robust performance is attributed to the rising demand for oil and gas exploration services, with InvestingPro analysis indicating the stock remains undervalued despite its recent surge. This milestone comes as Valaris is set to be acquired by Transocean Ltd in an all-stock transaction valued at approximately $5.8 billion, creating a significant entity in the offshore drilling industry.
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Valaris stock hits all-time high at 96.55 USD
Valaris Ltd (NYSE: VAL) stock reached an all-time high of $96.55, currently trading at $97.55, marking a 129% surge over the past year. The company’s robust performance is attributed to the rising demand for oil and gas exploration services, with InvestingPro analysis indicating the stock remains undervalued despite its recent surge. This milestone comes as Valaris is set to be acquired by Transocean Ltd in an all-stock transaction valued at approximately $5.8 billion, creating a significant entity in the offshore drilling industry.