Teza Capital Management LLC Buys Shares of 20,854 Valaris Limited (NYSE:VAL)

Teza Capital Management LLC acquired a new position in Valaris Limited (NYSE:VAL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 20,854 shares of the company's stock, valued at approximately $923,000.

Several other hedge funds and other institutional investors have also modified their holdings of VAL. Systrade AG grew its stake in shares of Valaris by 100.0% in the fourth quarter. Systrade AG now owns 40,000 shares of the company's stock worth $1,770,000 after acquiring an additional 20,000 shares during the last quarter. Drive Wealth Management LLC lifted its position in Valaris by 26.4% in the fourth quarter. Drive Wealth Management LLC now owns 9,054 shares of the company's stock worth $401,000 after purchasing an additional 1,893 shares during the period. Blue Trust Inc. lifted its position in Valaris by 41.0% in the fourth quarter. Blue Trust Inc. now owns 1,758 shares of the company's stock worth $78,000 after purchasing an additional 511 shares during the period. KBC Group NV lifted its position in Valaris by 63.3% in the fourth quarter. KBC Group NV now owns 2,929 shares of the company's stock worth $130,000 after purchasing an additional 1,135 shares during the period. Finally, Deane Retirement Strategies Inc. lifted its position in Valaris by 6.1% in the fourth quarter. Deane Retirement Strategies Inc. now owns 42,984 shares of the company's stock worth $1,902,000 after purchasing an additional 2,480 shares during the period. Institutional investors and hedge funds own 96.74% of the company's stock.

Valaris Price Performance

Shares of NYSE VAL traded up $0.21 during midday trading on Friday, reaching $36.27. 1,037,241 shares of the company traded hands, compared to its average volume of 1,559,268. The firm has a market cap of $2.58 billion, a PE ratio of 7.06 and a beta of 1.09. The stock's 50-day simple moving average is $35.36 and its 200-day simple moving average is $41.21. Valaris Limited has a 12 month low of $27.15 and a 12 month high of $84.20. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.61 and a current ratio of 1.59.

Valaris (NYSE:VAL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.10 by ($1.63). The company had revenue of $620.70 million for the quarter, compared to the consensus estimate of $582.87 million. Valaris had a net margin of 15.81% and a return on equity of 17.40%. Valaris's revenue was up 6.2% compared to the same quarter last year. As a group, equities analysts anticipate that Valaris Limited will post 3.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on VAL. Wall Street Zen raised Valaris to a "sell" rating in a research report on Tuesday, May 13th. Susquehanna reduced their target price on Valaris from $47.00 to $34.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Evercore ISI reduced their target price on Valaris from $55.00 to $50.00 and set an "in-line" rating for the company in a research report on Friday, May 2nd. Barclays raised their target price on Valaris from $35.00 to $37.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Finally, Citigroup reduced their target price on Valaris from $48.00 to $44.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $49.17.

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.