Balyasny Asset Management L.P. Purchases Shares of 9,081 Valaris Limited (NYSE:VAL)

Balyasny Asset Management L.P. bought a new position in shares of Valaris Limited (NYSE:VAL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 9,081 shares of the company's stock, valued at approximately $402,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in VAL. Quarry LP grew its holdings in shares of Valaris by 51.7% during the 4th quarter. Quarry LP now owns 684 shares of the company's stock valued at $30,000 after purchasing an additional 233 shares during the last quarter. Sterling Capital Management LLC boosted its position in Valaris by 518.3% in the fourth quarter. Sterling Capital Management LLC now owns 742 shares of the company's stock valued at $33,000 after buying an additional 622 shares in the last quarter. Signaturefd LLC boosted its position in Valaris by 395.0% in the fourth quarter. Signaturefd LLC now owns 1,475 shares of the company's stock valued at $65,000 after buying an additional 1,177 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Valaris by 41.0% during the fourth quarter. Blue Trust Inc. now owns 1,758 shares of the company's stock worth $78,000 after buying an additional 511 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in shares of Valaris by 326.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,874 shares of the company's stock worth $83,000 after buying an additional 1,435 shares in the last quarter. Institutional investors own 96.74% of the company's stock.

Valaris Trading Down 2.2%

Valaris stock traded down $0.79 during mid-day trading on Thursday, hitting $35.59. 188,285 shares of the stock were exchanged, compared to its average volume of 1,546,288. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 6.94 and a beta of 1.09. Valaris Limited has a 12 month low of $27.15 and a 12 month high of $84.20. The company has a quick ratio of 1.61, a current ratio of 1.59 and a debt-to-equity ratio of 0.48. The firm's fifty day simple moving average is $35.48 and its two-hundred day simple moving average is $41.47.

Valaris (NYSE:VAL - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported ($0.53) earnings per share for the quarter, missing analysts' consensus estimates of $1.10 by ($1.63). The firm had revenue of $620.70 million for the quarter, compared to the consensus estimate of $582.87 million. Valaris had a return on equity of 17.40% and a net margin of 15.81%. Valaris's revenue was up 6.2% compared to the same quarter last year. Analysts forecast that Valaris Limited will post 3.96 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on VAL. Evercore ISI cut their price objective on Valaris from $55.00 to $50.00 and set an "in-line" rating on the stock in a report on Friday, May 2nd. Barclays increased their target price on Valaris from $35.00 to $37.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Susquehanna lowered their price objective on Valaris from $47.00 to $34.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Citigroup dropped their price objective on shares of Valaris from $48.00 to $44.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Finally, StockNews.com raised shares of Valaris to a "sell" rating in a report on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company's stock. Based on data from MarketBeat.com, Valaris presently has a consensus rating of "Hold" and an average target price of $49.17.

Valaris Company Profile

Valaris Limited, together with its subsidiaries, provides offshore contract drilling services Gulf of Mexico, South America, North Sea, the Middle East, Africa, and the Asia Pacific. The company operates through four segments: Floaters, Jackups, ARO, and Other. It owns an offshore drilling rig fleet, which include drillships, dynamically positioned semisubmersible rigs, moored semisubmersible rig, and jackup rigs.