| Valaris is an offshore contract drilling company engaged in providing offshore contract drilling services to the international oil and gas industry. The markets in which Co. operates include the Gulf of Mexico, the North Sea, the Middle East, West Africa, Australia and Southeast Asia. Co. provides drilling services on a day rate contract basis. Under day rate contracts, Co. provides an integrated service that includes the provision of a drilling rig and rig crews for which it receives a daily rate that may vary between the full rate and zero rate throughout the duration of the contractual term, depending on the operations of the rig. We show 8 historical shares outstanding datapoints in our VAL shares outstanding history coverage, used to compute VAL market cap on those dates.|
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing VAL market cap history over the course of time is important for investors
interested in comparing VAL's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of VAL versus a peer is one thing; comparing
VAL market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like VAL can fluctuate over the course of history.
With this page we aim to empower investors researching VAL by allowing them to research the VAL market cap history.