Valaris Limited (VAL) Gained Over 17% This Week. Here is Why.

The share price of Valaris Limited (NYSE:VAL) surged by 17.28% between October 17 and October 24, 2025, putting it among the Energy Stocks that Gained the Most This Week.

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) released its latest fleet status report on October 23, in which the company reported new contracts and extensions, adding $190 million to its backlog. This includes a five-well contract with BP in Egypt worth $140 million, a 194-day contract extension with Shell for VALARIS 121, two 28-day contract extensions for jackup VALARIS 122 with Shell in the UK North Sea, and a 120-day contract for VALARIS 248 with GE Vernova in the UK North Sea. As a result, the energy services provider’s total contract backlog stands at approximately $4.5 billion as of October 23, 2025.

Moreover, Valaris Limited (NYSE:VAL) has benefited strongly from global crude oil prices recently bouncing back following the freshly imposed sanctions by the White House on Russia’s two largest oil companies.

While we acknowledge the potential of VAL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 12 Best Utility Stocks to Buy for Dividends and 12 Best LNG Stocks to Buy According to Hedge Funds.

Disclosure: None.