TLS Advisors LLC Acquires New Position in Valaris Limited (NYSE:VAL)

TLS Advisors LLC acquired a new stake in Valaris Limited (NYSE:VAL - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 28,000 shares of the company's stock, valued at approximately $1,239,000. Valaris comprises about 2.8% of TLS Advisors LLC's holdings, making the stock its 9th largest position.

Other institutional investors also recently bought and sold shares of the company. Arizona State Retirement System raised its stake in shares of Valaris by 1.3% during the 4th quarter. Arizona State Retirement System now owns 19,002 shares of the company's stock worth $841,000 after buying an additional 237 shares in the last quarter. Quarry LP acquired a new position in Valaris during the third quarter worth $25,000. Xponance Inc. raised its position in Valaris by 5.5% in the fourth quarter. Xponance Inc. now owns 9,273 shares of the company's stock worth $410,000 after acquiring an additional 487 shares in the last quarter. State of Michigan Retirement System lifted its holdings in Valaris by 3.3% in the fourth quarter. State of Michigan Retirement System now owns 15,500 shares of the company's stock valued at $686,000 after acquiring an additional 500 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of Valaris by 41.0% during the 4th quarter. Blue Trust Inc. now owns 1,758 shares of the company's stock worth $78,000 after purchasing an additional 511 shares in the last quarter. 96.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VAL. StockNews.com upgraded shares of Valaris to a "sell" rating in a report on Thursday, February 20th. JPMorgan Chase & Co. assumed coverage on shares of Valaris in a report on Friday, December 6th. They issued an "underweight" rating and a $40.00 target price for the company. Susquehanna decreased their price target on Valaris from $50.00 to $47.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st. Barclays lowered their price target on Valaris from $49.00 to $46.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 25th. Finally, Evercore ISI cut Valaris from an "outperform" rating to an "in-line" rating and reduced their price objective for the stock from $87.00 to $59.00 in a report on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $54.33.

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Valaris Price Performance

Shares of Valaris stock traded down $0.79 during trading on Wednesday, hitting $39.85. 458,178 shares of the company were exchanged, compared to its average volume of 1,819,530. Valaris Limited has a fifty-two week low of $31.15 and a fifty-two week high of $84.20. The company has a quick ratio of 1.61, a current ratio of 1.59 and a debt-to-equity ratio of 0.48. The firm has a 50 day moving average price of $41.91 and a 200 day moving average price of $46.30. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 7.75 and a beta of 1.16.

Valaris (NYSE:VAL - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $1.88 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.68. Valaris had a return on equity of 17.40% and a net margin of 15.81%. The company had revenue of $584.40 million during the quarter, compared to analysts' expectations of $578.01 million. On average, equities analysts expect that Valaris Limited will post 3.96 earnings per share for the current fiscal year.

About Valaris

Valaris Limited, together with its subsidiaries, provides offshore contract drilling services Gulf of Mexico, South America, North Sea, the Middle East, Africa, and the Asia Pacific. The company operates through four segments: Floaters, Jackups, ARO, and Other. It owns an offshore drilling rig fleet, which include drillships, dynamically positioned semisubmersible rigs, moored semisubmersible rig, and jackup rigs.