MQS Management LLC Makes New Investment in Valaris Limited $VAL

MQS Management LLC purchased a new position in Valaris Limited (NYSE:VAL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 9,333 shares of the company’s stock, valued at approximately $470,000.

Several other hedge funds have also recently added to or reduced their stakes in VAL. UMB Bank n.a. grew its position in Valaris by 50.5% in the third quarter. UMB Bank n.a. now owns 778 shares of the company’s stock worth $38,000 after buying an additional 261 shares during the last quarter. Wexford Capital LP acquired a new position in Valaris in the third quarter worth approximately $41,000. Signaturefd LLC grew its position in Valaris by 22.1% in the fourth quarter. Signaturefd LLC now owns 1,133 shares of the company’s stock worth $57,000 after buying an additional 205 shares during the last quarter. Strs Ohio grew its position in Valaris by 100.0% in the third quarter. Strs Ohio now owns 1,200 shares of the company’s stock worth $59,000 after buying an additional 600 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Valaris by 240.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock worth $78,000 after buying an additional 1,308 shares during the last quarter. Institutional investors and hedge funds own 96.74% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Zacks Research cut shares of Valaris from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. BTIG Research cut shares of Valaris from a “buy” rating to a “hold” rating in a research report on Monday, March 9th. Susquehanna lifted their price objective on shares of Valaris from $96.00 to $98.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 7th. Pareto Securities cut shares of Valaris from a “hold” rating to a “sell” rating and set a $80.00 price objective on the stock. in a research report on Monday, February 23rd. Finally, Weiss Ratings cut shares of Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Nine investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $63.19.

Valaris Trading Down 0.3%

NYSE VAL opened at $101.16 on Friday. Valaris Limited has a twelve month low of $35.20 and a twelve month high of $114.12. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.55 and a current ratio of 1.55. The stock has a market cap of $7.01 billion, a price-to-earnings ratio of 7.08 and a beta of 0.97. The firm’s 50 day moving average price is $97.35 and its two-hundred day moving average price is $75.63.

Valaris (NYSE:VAL) last posted its quarterly earnings data on Monday, May 4th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.19). Valaris had a return on equity of 12.31% and a net margin of 45.37%.The firm had revenue of $465.40 million for the quarter, compared to analysts’ expectations of $443.75 million. During the same quarter in the previous year, the firm posted ($0.53) earnings per share. The company’s revenue for the quarter was down 25.0% on a year-over-year basis. Equities analysts anticipate that Valaris Limited will post 3.41 EPS for the current year.

About Valaris

Valaris PLC is a leading provider of offshore drilling services to the global energy industry. The company operates a diverse fleet of mobile offshore drilling units, including drillships, semisubmersibles and jackup rigs, designed to support exploration and production activities in deepwater, ultra-deepwater and harsh‐environment settings. Valaris serves a wide range of international oil and gas customers, offering turnkey drilling solutions, project management and advanced technology integration to enhance operational efficiency and safety.

Headquartered in Houston, Texas, Valaris maintains a significant presence in key offshore basins around the world.