GSA Capital Partners LLP Invests $1.21 Million in Valaris Limited $VAL

GSA Capital Partners LLP acquired a new position in Valaris Limited (NYSE:VAL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 24,702 shares of the company’s stock, valued at approximately $1,205,000.

A number of other institutional investors also recently bought and sold shares of VAL. PNC Financial Services Group Inc. grew its stake in shares of Valaris by 2.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 31,490 shares of the company’s stock valued at $1,536,000 after purchasing an additional 739 shares during the period. Allegheny Financial Group purchased a new position in shares of Valaris in the third quarter worth approximately $222,000. Old West Investment Management LLC grew its position in Valaris by 9.5% during the third quarter. Old West Investment Management LLC now owns 73,960 shares of the company’s stock valued at $3,607,000 after buying an additional 6,391 shares during the period. Savant Capital LLC increased its holdings in Valaris by 35.5% during the third quarter. Savant Capital LLC now owns 10,500 shares of the company’s stock valued at $512,000 after buying an additional 2,752 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Valaris by 17.3% during the third quarter. Envestnet Asset Management Inc. now owns 37,180 shares of the company’s stock valued at $1,813,000 after buying an additional 5,475 shares during the last quarter. Institutional investors own 96.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VAL. Zacks Research downgraded shares of Valaris from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. BTIG Research boosted their price target on Valaris from $55.00 to $65.00 and gave the company a “buy” rating in a report on Friday, October 31st. Weiss Ratings restated a “hold (c)” rating on shares of Valaris in a research report on Wednesday, January 21st. Barclays lifted their price objective on Valaris from $43.00 to $50.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 5th. Finally, Citigroup reduced their target price on shares of Valaris from $62.00 to $58.00 and set a “neutral” rating for the company in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $53.56.

Valaris Price Performance

Shares of Valaris stock opened at $91.02 on Thursday. The company has a market capitalization of $6.33 billion, a price-to-earnings ratio of 16.22 and a beta of 1.18. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.44. The stock’s 50-day simple moving average is $59.44 and its 200-day simple moving average is $54.63. Valaris Limited has a 52 week low of $27.15 and a 52 week high of $96.40.

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.