Kapitalo Investimentos Ltda Makes New Investment in Valaris Limited $VAL

Key Points

• Kapitalo Investimentos acquired 23,760 Valaris shares worth approximately $1.87 million in the third quarter, while other institutions also initiated or increased positions. Institutional investors and hedge funds own 96.74% of the stock.
• Valaris reported quarterly EPS of $0.72, beating consensus estimates of $0.31, and revenue of $539.2 million versus expectations of $488.5 million. However, revenue declined 12.4% year over year.
• Valaris trades around $88.30, above analysts’ average price target of $67.80; coverage remains cautious, with six Hold ratings and one Sell rating, producing an overall “Reduce” consensus.

Kapitalo Investimentos Ltda acquired a new stake in Valaris Limited (NYSE:VAL - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm acquired 23,760 shares of the company's stock, valued at approximately $1,866,000.

A number of other institutional investors have also made changes to their positions in the stock. Merrion Investment Management Co LLC bought a new position in Valaris in the third quarter valued at approximately $1,649,000. Milestone Asset Management LLC acquired a new stake in Valaris in the third quarter valued at $212,000. V Square Quantitative Management LLC grew its holdings in Valaris by 59.6% during the third quarter. V Square Quantitative Management LLC now owns 838 shares of the company's stock worth $66,000 after purchasing an additional 313 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Valaris by 34.7% during the 3rd quarter. State of Alaska Department of Revenue now owns 8,503 shares of the company's stock worth $666,000 after acquiring an additional 2,192 shares during the period. Finally, GAMMA Investing LLC boosted its position in Valaris by 6.9% during the third quarter. GAMMA Investing LLC now owns 3,162 shares of the company's stock worth $248,000 after purchasing an additional 203 shares during the period. 96.74% of the stock is owned by institutional investors and hedge funds.

Valaris Stock Performance

VAL opened at $88.30 on Wednesday. The business has a fifty day simple moving average of $84.66 and a 200 day simple moving average of $86.66. The company has a market capitalization of $6.13 billion, a PE ratio of 6.59 and a beta of 1.04. Valaris Limited has a 1 year low of $48.08 and a 1 year high of $114.12. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.55 and a quick ratio of 1.55.

Valaris (NYSE:VAL - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.41. Valaris had a return on equity of 9.25% and a net margin of 43.95%. The firm had revenue of $539.20 million for the quarter, compared to analyst estimates of $488.52 million. During the same period in the prior year, the firm posted $1.61 EPS. The company's revenue for the quarter was down 12.4% on a year-over-year basis. Research analysts expect that Valaris Limited will post 3.25 EPS for the current year.

Wall Street Analysts Forecast Growth

VAL has been the subject of a number of research reports. Wall Street Zen upgraded shares of Valaris to a "hold" rating in a research note on Saturday. Weiss Ratings raised shares of Valaris from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, August 17th. Finally, Susquehanna increased their price target on shares of Valaris from $80.00 to $86.00 and gave the company a "neutral" rating in a report on Monday, October 5th. Six analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce" and an average price target of $67.80.

Valaris Company Profile

Valaris plc is an offshore contract drilling company that provides drilling services to oil and gas operators worldwide. The company works with customers to support offshore exploration, appraisal and development programs in shallow-water and deepwater environments.

Valaris operates a fleet that includes drillships, semisubmersible rigs and jackup rigs. Its services include mobile offshore drilling, well construction support and related rig-management and operational services. The company's fleet is designed to serve a range of offshore projects, from conventional shelf developments to technically demanding deepwater wells.

With operations spanning major offshore energy regions, Valaris has served customers in areas including the Gulf of Mexico, the North Sea, Brazil, West Africa, the Middle East and the Asia-Pacific region.

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