De Lisle Partners LLP Increases Stake in Valaris Limited $VAL

De Lisle Partners LLP increased its position in shares of Valaris Limited (NYSE:VAL) by 17.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 68,321 shares of the company’s stock after purchasing an additional 10,000 shares during the period. De Lisle Partners LLP’s holdings in Valaris were worth $3,444,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in VAL. Wexford Capital LP purchased a new position in shares of Valaris during the third quarter valued at $41,000. Signaturefd LLC grew its stake in Valaris by 22.1% in the fourth quarter. Signaturefd LLC now owns 1,133 shares of the company’s stock valued at $57,000 after purchasing an additional 205 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Valaris by 240.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock valued at $78,000 after purchasing an additional 1,308 shares during the last quarter. Leonteq Securities AG purchased a new position in Valaris in the fourth quarter valued at about $109,000. Finally, Hantz Financial Services Inc. grew its stake in Valaris by 57.2% in the fourth quarter. Hantz Financial Services Inc. now owns 4,460 shares of the company’s stock valued at $225,000 after purchasing an additional 1,623 shares during the last quarter. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Valaris Price Performance

VAL opened at $90.02 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a market capitalization of $6.23 billion, a PE ratio of 6.30 and a beta of 0.91. The business’s 50-day moving average is $96.06 and its two-hundred day moving average is $79.47. Valaris Limited has a 1 year low of $41.03 and a 1 year high of $114.12.

Valaris (NYSE:VAL) last issued its quarterly earnings results 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 business had revenue of $465.40 million during the quarter, compared to analyst estimates of $443.75 million. Valaris had a return on equity of 12.31% and a net margin of 45.37%.Valaris’s revenue was down 25.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.53) EPS. Research analysts anticipate that Valaris Limited will post 3.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VAL has been the topic of several analyst reports. Pareto Securities lowered Valaris from a “hold” rating to a “sell” rating and set a $80.00 target price on the stock. in a research note on Monday, February 23rd. Weiss Ratings lowered Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. BTIG Research lowered Valaris from a “buy” rating to a “hold” rating in a research note on Monday, March 9th. Finally, Susquehanna lifted their target price on Valaris from $96.00 to $98.00 and gave the company a “neutral” rating in a research note on Tuesday, April 7th. Nine investment 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.com, the stock currently has a consensus rating of “Reduce” and an average price target of $63.19.

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.