EntryPoint Capital LLC Boosts Stake in Valaris Limited $VAL

Key Points

• EntryPoint Capital LLC significantly increased its stake in Valaris Limited by 256.3%, acquiring an additional 14,273 shares to reach a total of 19,841 shares worth $779,000.
• Valaris Limited recently reported earnings of $1.61 per share, exceeding analyst expectations of $1.16, and achieving revenue of $615.20 million for the quarter.
• Multiple analysts have recently adjusted their ratings on Valaris, with the current consensus being a "Hold" rating and an average price target of $46.20.

EntryPoint Capital LLC lifted its holdings in shares of Valaris Limited (NYSE:VAL - Free Report) by 256.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,841 shares of the company's stock after buying an additional 14,273 shares during the period. Valaris comprises 0.4% of EntryPoint Capital LLC's investment portfolio, making the stock its 17th biggest holding. EntryPoint Capital LLC's holdings in Valaris were worth $779,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Lowe Wealth Advisors LLC purchased a new position in Valaris in the 1st quarter valued at approximately $28,000. Quarry LP increased its stake in Valaris by 51.7% in the 4th quarter. Quarry LP now owns 684 shares of the company's stock valued at $30,000 after purchasing an additional 233 shares in the last quarter. Sterling Capital Management LLC increased its stake in Valaris by 518.3% in the 4th quarter. Sterling Capital Management LLC now owns 742 shares of the company's stock valued at $33,000 after purchasing an additional 622 shares in the last quarter. UMB Bank n.a. purchased a new position in Valaris in the 1st quarter valued at approximately $44,000. Finally, GAMMA Investing LLC increased its stake in Valaris by 1,027.5% in the 1st quarter. GAMMA Investing LLC now owns 1,353 shares of the company's stock valued at $53,000 after purchasing an additional 1,233 shares in the last quarter. 96.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on VAL shares. Barclays raised their price objective on Valaris from $37.00 to $39.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. BTIG Research reiterated a "buy" rating on shares of Valaris in a report on Monday, July 14th. Fearnley Fonds cut Valaris from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. Evercore ISI lowered their target price on Valaris from $55.00 to $50.00 and set an "in-line" rating on the stock in a report on Friday, May 2nd. Finally, Susquehanna increased their target price on Valaris from $46.00 to $52.00 and gave the company a "neutral" rating in a report on Friday, August 1st. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $46.20.

Valaris Trading Up 6.4%

Shares of NYSE:VAL traded up $2.9730 during midday trading on Friday, reaching $49.1530. The company's stock had a trading volume of 1,757,495 shares, compared to its average volume of 1,374,593. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 12.80 and a beta of 1.17. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.46. Valaris Limited has a 1 year low of $27.15 and a 1 year high of $65.68. The business has a 50 day moving average price of $46.68 and a 200 day moving average price of $40.92.

Valaris (NYSE:VAL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $1.61 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.45. The business had revenue of $615.20 million during the quarter, compared to the consensus estimate of $582.70 million. Valaris had a return on equity of 12.36% and a net margin of 11.18%.The business's revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.03 earnings per share. Research analysts forecast that Valaris Limited will post 3.96 EPS for the current year.

About Valaris

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.