EntryPoint Capital LLC Purchases 14,273 Shares of 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 grew its stake in shares of Valaris Limited (NYSE:VAL - Free Report) by 256.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,841 shares of the company's stock after purchasing an additional 14,273 shares during the quarter. Valaris makes up approximately 0.4% of EntryPoint Capital LLC's portfolio, making the stock its 17th biggest position. EntryPoint Capital LLC's holdings in Valaris were worth $779,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Lowe Wealth Advisors LLC bought a new stake in Valaris in the 1st quarter worth $28,000. Quarry LP raised its position in 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 raised its position in Valaris by 518.3% during 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 during the last quarter. UMB Bank n.a. bought a new stake in shares of Valaris in the 1st quarter worth approximately $44,000. Finally, GAMMA Investing LLC increased its stake in shares of Valaris by 1,027.5% during the first quarter. GAMMA Investing LLC now owns 1,353 shares of the company's stock valued at $53,000 after buying an additional 1,233 shares during the period. Institutional investors own 96.74% of the company's stock.

Valaris Stock Down 0.1%

VAL stock traded down $0.0360 during trading on Monday, hitting $49.1340. 303,524 shares of the stock traded hands, compared to its average volume of 1,747,047. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.81 and a quick ratio of 1.81. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of 12.80 and a beta of 1.17. Valaris Limited has a 1 year low of $27.15 and a 1 year high of $65.68. The firm's 50 day moving average is $46.68 and its two-hundred day moving average is $40.84.

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

Analysts Set New Price Targets

VAL has been the topic of several recent analyst reports. Barclays lifted their price target on shares of Valaris from $37.00 to $39.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Citigroup restated a "neutral" rating and issued a $50.00 price objective (up from $47.00) on shares of Valaris in a report on Thursday, July 10th. BTIG Research reissued a "buy" rating on shares of Valaris in a research report on Monday, July 14th. Fearnley Fonds cut Valaris from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Finally, Wall Street Zen upgraded shares of Valaris to a "sell" rating in a report on Tuesday, May 13th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $46.20.

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.