Gallacher Capital Management LLC Acquires New Position in Valaris Limited $VAL

Gallacher Capital Management LLC acquired a new stake in shares of Valaris Limited (NYSE:VAL) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 13,098 shares of the company’s stock, valued at approximately $1,284,000.

Several other large investors have also bought and sold shares of the company. Bessemer Group Inc. lifted its stake in shares of Valaris by 60.8% in the first quarter. Bessemer Group Inc. now owns 84,917 shares of the company’s stock worth $8,325,000 after buying an additional 32,100 shares in the last quarter. Goehring & Rozencwajg Associates LLC increased its position in shares of Valaris by 24.2% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 1,319,351 shares of the company’s stock valued at $129,349,000 after acquiring an additional 257,281 shares in the last quarter. State of Michigan Retirement System increased its position in shares of Valaris by 1.3% during the first quarter. State of Michigan Retirement System now owns 15,500 shares of the company’s stock valued at $1,520,000 after acquiring an additional 200 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Valaris by 31.4% in the 1st quarter. Principal Financial Group Inc. now owns 184,082 shares of the company’s stock worth $18,047,000 after acquiring an additional 44,016 shares during the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new position in Valaris in the 1st quarter worth approximately $326,000. 96.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on VAL. Weiss Ratings downgraded Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Susquehanna decreased their price target on Valaris from $98.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, July 8th. Nine equities research 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, Valaris presently has an average rating of “Reduce” and a consensus price target of $60.31.

Valaris Stock Performance

Shares of VAL stock opened at $76.41 on Friday. The company has a 50 day moving average price of $87.49 and a 200-day moving average price of $83.53. Valaris Limited has a 52 week low of $43.53 and a 52 week high of $114.12. The firm has a market capitalization of $5.29 billion, a PE ratio of 5.35 and a beta of 0.93. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.34.

Valaris (NYSE:VAL) last released 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). The company had revenue of $465.40 million for the quarter, compared to analysts’ expectations of $443.75 million. Valaris had a net margin of 45.37% and a return on equity of 12.31%. The firm’s revenue for the quarter was down 25.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.53) earnings per share. As a group, equities research analysts expect that Valaris Limited will post 3.18 earnings per share for the current year.

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.