Louisiana State Employees Retirement System Invests $1.83 Million in Valaris Limited $VAL

Louisiana State Employees Retirement System purchased a new position in shares of Valaris Limited (NYSE:VAL) in the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 18,700 shares of the company’s stock, valued at approximately $1,833,000.

Other large investors have also recently added to or reduced their stakes in the company. Longview Financial Advisors Inc. purchased a new position in shares of Valaris during the 1st quarter valued at $105,000. Tactive Advisors LLC acquired a new stake in Valaris during the first quarter valued at $264,000. Asset Allocation & Management Company LLC acquired a new stake in Valaris during the first quarter valued at $372,000. Corient Private Wealth LLC grew its stake in Valaris by 85.3% in the fourth quarter. Corient Private Wealth LLC now owns 14,426 shares of the company’s stock valued at $718,000 after purchasing an additional 6,641 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in Valaris in the 4th quarter worth about $580,000. Institutional investors and hedge funds own 96.74% of the company’s stock.

Valaris Price Performance

Shares of Valaris stock opened at $72.74 on Wednesday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $91.86 and a 200-day simple moving average of $81.40. The stock has a market capitalization of $5.04 billion, a price-to-earnings ratio of 5.09 and a beta of 0.91. Valaris Limited has a 1-year low of $41.88 and a 1-year high of $114.12.

Valaris (NYSE:VAL) last posted its earnings results on Monday, May 4th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.19). The firm had revenue of $465.40 million during the quarter, compared to analyst estimates of $443.75 million. Valaris had a net margin of 45.37% and a return on equity of 12.31%. The business’s quarterly revenue was down 25.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.53) earnings per share. On average, sell-side analysts expect that Valaris Limited will post 3.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

VAL has been the subject of several research reports. Susquehanna lifted their price target on Valaris from $96.00 to $98.00 and gave the company a “neutral” rating in a report on Tuesday, April 7th. Weiss Ratings downgraded Valaris from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Finally, BTIG Research lowered shares of Valaris from a “buy” rating to a “hold” rating in a research report on Monday, March 9th. Nine analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $63.19.

Valaris Profile

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.