Sprott Inc. Buys New Position in Valaris Limited $VAL

Key Points

• Sprott Inc. has acquired a new stake in Valaris Limited (NYSE:VAL) by purchasing 5,500 shares valued at approximately $216,000 in the first quarter.
• Institutional ownership of Valaris has soared, with 96.74% of the stock now owned by **institutional investors**, including significant increases from firms like EntryPoint Capital and Nations Financial Group.
• Valaris recently reported quarterly earnings exceeding expectations, with $1.61 earnings per share, significantly above the consensus estimate of $1.16, and a year-over-year revenue growth of 0.8%.

Sprott Inc. bought a new position in shares of Valaris Limited (NYSE:VAL - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,500 shares of the company's stock, valued at approximately $216,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VAL. EntryPoint Capital LLC lifted its position in shares of Valaris by 256.3% during the 1st quarter. EntryPoint Capital LLC now owns 19,841 shares of the company's stock valued at $779,000 after acquiring an additional 14,273 shares during the period. Third Avenue Management LLC lifted its position in shares of Valaris by 33.6% during the 1st quarter. Third Avenue Management LLC now owns 569,839 shares of the company's stock valued at $22,372,000 after acquiring an additional 143,231 shares during the period. Dalal Street LLC bought a new stake in shares of Valaris during the 1st quarter worth $56,046,000. Nations Financial Group Inc. IA ADV lifted its position in shares of Valaris by 398.5% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 86,149 shares of the company's stock worth $3,382,000 after buying an additional 68,867 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Valaris by 244.2% during the 1st quarter. American Century Companies Inc. now owns 115,211 shares of the company's stock worth $4,523,000 after buying an additional 81,737 shares during the last quarter. 96.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on VAL shares. Susquehanna upped their price objective on Valaris from $46.00 to $52.00 and gave the stock a "neutral" rating in a research report on Friday, August 1st. Wall Street Zen upgraded Valaris to a "sell" rating in a research report on Tuesday, May 13th. Citigroup restated a "neutral" rating and set a $50.00 price objective (up from $47.00) on shares of Valaris in a research report on Thursday, July 10th. BTIG Research restated a "buy" rating on shares of Valaris in a research report on Monday, July 14th. Finally, Fearnley Fonds downgraded Valaris from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $46.20.

Valaris Stock Down 0.6%

Valaris stock traded down $0.29 during mid-day trading on Thursday, reaching $49.00. The stock had a trading volume of 224,836 shares, compared to its average volume of 1,730,502. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.81 and a current ratio of 1.81. Valaris Limited has a fifty-two week low of $27.15 and a fifty-two week high of $61.60. The stock's 50-day simple moving average is $46.85 and its 200-day simple moving average is $40.97. The firm has a market capitalization of $3.49 billion, a PE ratio of 12.76 and a beta of 1.17.

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. Valaris had a return on equity of 12.36% and a net margin of 11.18%.The firm had revenue of $615.20 million during the quarter, compared to analysts' expectations of $582.70 million. During the same quarter last year, the firm posted $2.03 earnings per share. The company's revenue for the quarter was up .8% compared to the same quarter last year. On average, sell-side analysts forecast that Valaris Limited will post 3.96 EPS for the current fiscal year.

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.