Balyasny Asset Management L.P. Takes $402,000 Position in Valaris Limited (NYSE:VAL)

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

A number of other institutional investors have also recently added to or reduced their stakes in the business. Lingotto Investment Management LLP lifted its holdings in shares of Valaris by 2.5% during the fourth quarter. Lingotto Investment Management LLP now owns 3,637,207 shares of the company's stock worth $160,910,000 after purchasing an additional 87,420 shares during the period. Aigen Investment Management LP bought a new position in Valaris during the 4th quarter worth $611,000. Hosking Partners LLP raised its position in Valaris by 33.6% during the 4th quarter. Hosking Partners LLP now owns 341,842 shares of the company's stock worth $15,123,000 after purchasing an additional 85,891 shares during the last quarter. Waverton Investment Management Ltd lifted its holdings in Valaris by 12.7% during the 4th quarter. Waverton Investment Management Ltd now owns 756,135 shares of the company's stock worth $33,451,000 after buying an additional 85,250 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Valaris by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 6,454,159 shares of the company's stock valued at $285,532,000 after buying an additional 23,509 shares during the last quarter. 96.74% of the stock is owned by institutional investors.

Valaris Trading Up 0.2%

Shares of Valaris stock traded up $0.08 on Tuesday, reaching $37.42. 1,068,542 shares of the company's stock were exchanged, compared to its average volume of 1,546,395. The company has a market capitalization of $2.66 billion, a P/E ratio of 7.28 and a beta of 1.09. Valaris Limited has a 52 week low of $27.15 and a 52 week high of $84.20. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.61 and a current ratio of 1.59. The firm's 50-day moving average is $35.50 and its two-hundred day moving average is $41.53.

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

Wall Street Analysts Forecast Growth

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

Valaris 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.