MQS Management LLC Buys Shares of 9,333 Valaris Limited $VAL

MQS Management LLC bought a new stake in shares of Valaris Limited (NYSE:VAL) in the fourth quarter, Holdings Channel reports. The firm bought 9,333 shares of the company’s stock, valued at approximately $470,000.

A number of other institutional investors also recently modified their holdings of VAL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Valaris by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,689 shares of the company’s stock valued at $1,440,000 after buying an additional 1,605 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Valaris by 3.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,662 shares of the company’s stock valued at $5,797,000 after buying an additional 4,263 shares during the period. Prudential Financial Inc. boosted its stake in shares of Valaris by 4.1% during the 2nd quarter. Prudential Financial Inc. now owns 5,885 shares of the company’s stock valued at $248,000 after buying an additional 230 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Valaris by 17.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 13,539 shares of the company’s stock valued at $570,000 after buying an additional 1,996 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of Valaris during the 2nd quarter valued at $249,000. Institutional investors and hedge funds own 96.74% of the company’s stock.

Wall Street Analyst Weigh In

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

Valaris Stock Down 0.3%

VAL stock opened at $101.16 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.34. Valaris Limited has a 1 year low of $35.20 and a 1 year high of $114.12. The company has a fifty day simple moving average of $97.35 and a 200 day simple moving average of $75.63. The firm has a market cap of $7.01 billion, a PE ratio of 7.08 and a beta of 0.97.

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

Valaris Company 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.