Marnell Management LLC acquired a new stake in Valaris Limited (NYSE:VAL – Free Report) during the 4th quarter, Holdings Channel.com reports. The firm acquired 18,647 shares of the company’s stock, valued at approximately $940,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Wexford Capital LP purchased a new stake in shares of Valaris in the third quarter valued at $41,000. Signaturefd LLC lifted its position in Valaris by 22.1% during the fourth quarter. Signaturefd LLC now owns 1,133 shares of the company’s stock worth $57,000 after buying an additional 205 shares during the period. EverSource Wealth Advisors LLC lifted its position in Valaris by 240.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock worth $78,000 after buying an additional 1,308 shares during the period. Leonteq Securities AG purchased a new position in Valaris during the fourth quarter worth about $109,000. Finally, Stifel Financial Corp purchased a new position in Valaris during the fourth quarter worth about $206,000. 96.74% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on VAL. Susquehanna increased their target price on Valaris from $96.00 to $98.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 7th. Weiss Ratings downgraded Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. BTIG Research downgraded Valaris from a “buy” rating to a “hold” rating in a research report on Monday, March 9th. Finally, Pareto Securities downgraded Valaris from a “hold” rating to a “sell” rating and set a $80.00 target price on the stock. in a research report on Monday, February 23rd. Nine investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $63.19.
Valaris Stock Performance
Valaris stock opened at $90.02 on Monday. The stock’s 50-day moving average is $96.06 and its 200-day moving average is $79.64. The company has a market cap of $6.23 billion, a price-to-earnings ratio of 6.30 and a beta of 0.91. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.55 and a quick ratio of 1.55. Valaris Limited has a 12 month low of $41.03 and a 12 month high of $114.12.
Valaris (NYSE:VAL – Get Free Report) last released its quarterly earnings data on Monday, May 4th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.19). The firm had revenue of $465.40 million during the quarter, compared to analysts’ expectations of $443.75 million. Valaris had a return on equity of 12.31% and a net margin of 45.37%.The business’s revenue for the quarter was down 25.0% compared to the same quarter last year. During the same quarter last year, the business earned ($0.53) earnings per share. Equities analysts anticipate that Valaris Limited will post 3.18 earnings per share for the current year.
Valaris Profile
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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