Valaris (NYSE:VAL – Get Free Report) announced its earnings results on Wednesday. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.41, FiscalAI reports. Valaris had a net margin of 43.95% and a return on equity of 9.48%. The company had revenue of $539.20 million during the quarter, compared to analyst estimates of $488.52 million. During the same quarter last year, the firm posted $1.61 earnings per share. Valaris’s revenue was down 12.4% compared to the same quarter last year.
Valaris Price Performance
VAL stock traded up $1.58 on Friday, reaching $78.79. 63,437 shares of the company’s stock were exchanged, compared to its average volume of 1,209,142. The stock has a fifty day moving average of $80.36 and a 200-day moving average of $86.15. Valaris has a twelve month low of $43.53 and a twelve month high of $114.12. The firm has a market cap of $5.46 billion, a PE ratio of 5.88 and a beta of 0.94. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.34.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in Valaris by 6.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,234,713 shares of the company’s stock worth $163,031,000 after purchasing an additional 206,305 shares in the last quarter. Schf GPE LLC purchased a new stake in shares of Valaris during the second quarter worth about $77,675,000. FIL Ltd raised its position in shares of Valaris by 10.4% in the fourth quarter. FIL Ltd now owns 1,220,279 shares of the company’s stock valued at $61,502,000 after buying an additional 114,967 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Valaris by 11.3% in the fourth quarter. Van ECK Associates Corp now owns 825,833 shares of the company’s stock valued at $41,622,000 after buying an additional 83,928 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Valaris by 7.6% during the fourth quarter. Invesco Ltd. now owns 510,426 shares of the company’s stock valued at $25,725,000 after buying an additional 36,001 shares during the period. 96.74% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
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About Valaris
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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