6,089 Shares in Valaris Limited $VAL Purchased by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd acquired a new position in Valaris Limited (NYSE:VALFree Report) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 6,089 shares of the company’s stock, valued at approximately $307,000.

Other hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. lifted its stake in Valaris by 50.5% in the 3rd quarter. UMB Bank n.a. now owns 778 shares of the company’s stock worth $38,000 after acquiring an additional 261 shares in the last quarter. Wexford Capital LP purchased a new stake in Valaris in the 3rd quarter worth about $41,000. Signaturefd LLC lifted its stake in Valaris by 22.1% in the 4th quarter. Signaturefd LLC now owns 1,133 shares of the company’s stock worth $57,000 after acquiring an additional 205 shares in the last quarter. Strs Ohio lifted its stake in Valaris by 100.0% in the 3rd quarter. Strs Ohio now owns 1,200 shares of the company’s stock worth $59,000 after acquiring an additional 600 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Valaris by 240.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock worth $78,000 after acquiring an additional 1,308 shares in the last quarter. 96.74% of the stock is owned by hedge funds and other institutional investors.

Valaris Stock Up 7.5%

VAL opened at $113.31 on Tuesday. Valaris Limited has a fifty-two week low of $35.20 and a fifty-two week high of $114.12. The business has a 50-day moving average of $96.14 and a 200-day moving average of $74.38. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.55 and a quick ratio of 1.55. The company has a market capitalization of $7.85 billion, a PE ratio of 7.94 and a beta of 0.97.

Valaris (NYSE:VALGet Free Report) last posted its quarterly earnings results on Monday, May 4th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.19). Valaris had a return on equity of 12.31% and a net margin of 45.37%.The firm had revenue of $465.40 million for the quarter, compared to analysts’ expectations of $443.75 million. During the same period last year, the business earned ($0.53) earnings per share. The firm’s revenue for the quarter was down 25.0% on a year-over-year basis. Equities research analysts forecast that Valaris Limited will post 3.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on VAL shares. Pareto Securities downgraded Valaris from a “hold” rating to a “sell” rating and set a $80.00 price objective for the company. in a research note on Monday, February 23rd. Susquehanna increased their price objective on Valaris from $96.00 to $98.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 7th. Zacks Research downgraded Valaris from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Weiss Ratings downgraded Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Finally, BTIG Research downgraded Valaris from a “buy” rating to a “hold” rating in a research note on Monday, March 9th. Nine investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $63.19.

View Our Latest Research Report on VAL

Valaris Profile

(Free Report)

Valaris PLC is a leading provider of offshore drilling services to the global energy industry. The company operates a diverse fleet of mobile offshore drilling units, including drillships, semisubmersibles and jackup rigs, designed to support exploration and production activities in deepwater, ultra-deepwater and harsh‐environment settings. Valaris serves a wide range of international oil and gas customers, offering turnkey drilling solutions, project management and advanced technology integration to enhance operational efficiency and safety.

Headquartered in Houston, Texas, Valaris maintains a significant presence in key offshore basins around the world.

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Institutional Ownership by Quarter for Valaris (NYSE:VAL)

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