Valueworks LLC Has $15.70 Million Position in Valaris Limited $VAL

Key Points

• Valueworks LLC increased its stake in Valaris Limited by 21.2%, owning approximately 399,784 shares valued at around $15.7 million, making it the firm's 4th largest position.
• Valaris reported $1.61 EPS for the last quarter, surpassing analyst estimates of $1.16, and achieved a revenue of $615.20 million, slightly above the consensus of $582.70 million.
• Analyst ratings for Valaris vary, with one buy, six holds, and one sell, while the average price target is $46.20, indicating cautious optimism among market experts.

Valueworks LLC raised its holdings in shares of Valaris Limited (NYSE:VAL - Free Report) by 21.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 399,784 shares of the company's stock after buying an additional 69,862 shares during the period. Valaris comprises approximately 5.9% of Valueworks LLC's investment portfolio, making the stock its 4th biggest position. Valueworks LLC owned approximately 0.56% of Valaris worth $15,696,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Quarry LP boosted its holdings in Valaris by 51.7% during the fourth quarter. Quarry LP now owns 684 shares of the company's stock worth $30,000 after buying an additional 233 shares in the last quarter. Lowe Wealth Advisors LLC bought a new stake in Valaris during the first quarter worth approximately $28,000. Sterling Capital Management LLC boosted its holdings in Valaris by 518.3% during the fourth quarter. Sterling Capital Management LLC now owns 742 shares of the company's stock worth $33,000 after buying an additional 622 shares in the last quarter. UMB Bank n.a. bought a new stake in Valaris during the first quarter worth approximately $44,000. Finally, GAMMA Investing LLC boosted its holdings in Valaris by 1,027.5% during the first quarter. GAMMA Investing LLC now owns 1,353 shares of the company's stock worth $53,000 after buying an additional 1,233 shares in the last quarter. 96.74% of the stock is currently owned by institutional investors.

Valaris Stock Up 6.4%

VAL stock opened at $49.1530 on Friday. Valaris Limited has a 12-month low of $27.15 and a 12-month high of $65.68. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.46. The company has a market cap of $3.50 billion, a price-to-earnings ratio of 12.80 and a beta of 1.17. The company has a 50 day moving average of $46.68 and a two-hundred day moving average of $40.92.

Valaris (NYSE:VAL - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $1.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 in the prior year, the firm earned $2.03 EPS. The company's revenue was up .8% compared to the same quarter last year. On average, equities analysts anticipate that Valaris Limited will post 3.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

VAL has been the subject of a number of recent analyst reports. Evercore ISI decreased their price objective on shares of Valaris from $55.00 to $50.00 and set an "in-line" rating for the company in a research note on Friday, May 2nd. Fearnley Fonds lowered shares of Valaris from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Barclays raised their price objective on shares of Valaris from $37.00 to $39.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. Wall Street Zen raised shares of Valaris to a "sell" rating in a research note on Tuesday, May 13th. Finally, Susquehanna raised their price objective on shares of Valaris from $46.00 to $52.00 and gave the stock a "neutral" rating in a research note on Friday, August 1st. One 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. Based on data from MarketBeat.com, Valaris presently has an average rating of "Hold" and a consensus price target 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.

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