Whitebox Advisors LLC Takes Position in Valaris Limited $VAL

Whitebox Advisors LLC bought a new stake in Valaris Limited (NYSE:VAL) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 583,937 shares of the company’s stock, valued at approximately $57,249,000. Valaris makes up 0.7% of Whitebox Advisors LLC’s holdings, making the stock its 20th biggest position. Whitebox Advisors LLC owned about 0.84% of Valaris as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Hosking Partners LLP grew its position in shares of Valaris by 21.1% in the 4th quarter. Hosking Partners LLP now owns 299,669 shares of the company’s stock valued at $15,103,000 after acquiring an additional 52,278 shares during the period. Hussman Strategic Advisors Inc. bought a new stake in shares of Valaris in the 4th quarter valued at about $1,058,000. Denali Advisors LLC bought a new stake in shares of Valaris in the 4th quarter valued at about $1,618,000. Jennison Associates LLC acquired a new stake in Valaris in the 4th quarter valued at about $908,000. Finally, Dimensional Fund Advisors LP grew its holdings in Valaris by 3.5% during the first quarter. Dimensional Fund Advisors LP now owns 3,349,443 shares of the company’s stock worth $328,382,000 after purchasing an additional 114,730 shares during the period. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Valaris Price Performance

Shares of VAL opened at $79.63 on Monday. The company’s 50-day moving average is $84.90 and its 200-day moving average is $84.66. 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 $5.51 billion, a PE ratio of 5.58 and a beta of 0.93. Valaris Limited has a fifty-two week low of $43.53 and a fifty-two week high of $114.12.

Valaris (NYSE:VAL) last announced its earnings results on Monday, May 4th. The company reported ($0.24) EPS 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 the consensus estimate of $443.75 million. Valaris had a return on equity of 12.31% and a net margin of 45.37%.The business’s quarterly revenue was down 25.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.53) EPS. Equities analysts forecast that Valaris Limited will post 3.18 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on VAL shares. Susquehanna lowered their price target on Valaris from $98.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 8th. Weiss Ratings cut Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Nine investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $60.31.

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.