5 Very Cheap Energy Stocks Ready To Explode

3. Valaris Limited (NYSE:VAL)

Average Analyst Share Price Upside: 55.63%

Valaris Limited (NYSE:VAL) is a Bermuda based offshore oil drilling products and services provider that owns and operates several different kinds of rigs. Business was booming during its third quarter as the firm won new contracts and had a backlog of $465 million.

As of September 2023, 48 out of the 910 hedge funds profiled by Insider Monkey had bought and owned Valaris Limited (NYSE:VAL)’s shares. Among these, William B. Gray’s Orbis Investment Management was the biggest investor through its $378 million stake.

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