Janney Montgomery Scott LLC Invests $1.41 Million in Valaris Limited (NYSE:VAL)

Janney Montgomery Scott LLC bought a new stake in shares of Valaris Limited (NYSE:VAL - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 35,937 shares of the company's stock, valued at approximately $1,411,000. Janney Montgomery Scott LLC owned 0.05% of Valaris as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Lowe Wealth Advisors LLC acquired a new stake in shares of Valaris during the 1st quarter valued at about $28,000. Quarry LP grew its position 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 acquiring an additional 233 shares during the period. Sterling Capital Management LLC grew its position in shares of 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 acquiring an additional 622 shares during the period. UMB Bank n.a. acquired a new stake in shares of Valaris during the 1st quarter valued at about $44,000. Finally, GAMMA Investing LLC grew its position in shares of Valaris by 1,027.5% during the 1st quarter. GAMMA Investing LLC now owns 1,353 shares of the company's stock valued at $53,000 after acquiring an additional 1,233 shares during the period. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Valaris Price Performance

VAL traded down $0.22 during trading on Friday, reaching $41.94. The company's stock had a trading volume of 2,630,459 shares, compared to its average volume of 1,601,331. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.49. The firm has a fifty day simple moving average of $38.99 and a two-hundred day simple moving average of $40.35. Valaris Limited has a 1 year low of $27.15 and a 1 year high of $84.20. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 9.84 and a beta of 1.13.

Valaris (NYSE:VAL - Get Free Report) last released 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). Valaris had a return on equity of 14.14% and a net margin of 12.61%. The business had revenue of $620.70 million during the quarter, compared to analysts' expectations of $582.87 million. Valaris's revenue for the quarter was up 6.2% on a year-over-year basis. As a group, analysts anticipate that Valaris Limited will post 3.96 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Evercore ISI dropped their target price on Valaris from $55.00 to $50.00 and set an "in-line" rating on the stock in a research report on Friday, May 2nd. Wall Street Zen upgraded Valaris to a "sell" rating in a research report on Tuesday, May 13th. Susquehanna decreased their price target on shares of Valaris from $47.00 to $34.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Citigroup reaffirmed a "neutral" rating and issued a $47.00 price target (up from $44.00) on shares of Valaris in a research note on Wednesday, June 18th. Finally, Barclays raised their price target on shares of Valaris from $35.00 to $37.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat, Valaris has a consensus rating of "Hold" and a consensus target price of $49.67.

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.