Diametric Capital LP Acquires New Holdings in Valaris Limited (NYSE:VAL)

Diametric Capital LP bought a new position in Valaris Limited (NYSE:VAL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,241 shares of the company's stock, valued at approximately $320,000.

A number of other large investors have also modified their holdings of the stock. Quarry LP acquired a new position in Valaris during the 3rd quarter worth approximately $25,000. Signaturefd LLC lifted its position in shares of Valaris by 395.0% during the fourth quarter. Signaturefd LLC now owns 1,475 shares of the company's stock worth $65,000 after purchasing an additional 1,177 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Valaris by 41.0% in the fourth quarter. Blue Trust Inc. now owns 1,758 shares of the company's stock valued at $78,000 after purchasing an additional 511 shares during the period. KBC Group NV grew its holdings in Valaris by 63.3% during the 4th quarter. KBC Group NV now owns 2,929 shares of the company's stock valued at $130,000 after purchasing an additional 1,135 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in Valaris during the 4th quarter worth $176,000. Institutional investors and hedge funds own 96.74% of the company's stock.

Valaris Stock Performance

Shares of VAL stock traded down $5.01 on Friday, hitting $29.49. 5,780,783 shares of the stock traded hands, compared to its average volume of 1,391,333. The company's fifty day moving average is $41.07 and its 200 day moving average is $45.92. Valaris Limited has a 1-year low of $29.40 and a 1-year high of $84.20. The company has a market capitalization of $2.09 billion, a PE ratio of 5.74 and a beta of 1.06. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.59 and a quick ratio of 1.61.

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Evercore ISI cut shares of Valaris from an "outperform" rating to an "in-line" rating and decreased their price objective for the company from $87.00 to $59.00 in a research report on Wednesday, January 15th. Citigroup reduced their price target on Valaris from $48.00 to $44.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Barclays dropped their price objective on Valaris from $49.00 to $46.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 25th. Susquehanna decreased their price target on shares of Valaris from $50.00 to $47.00 and set a "neutral" rating for the company in a research report on Friday, February 21st. Finally, StockNews.com upgraded shares of Valaris to a "sell" rating in a research note on Thursday, February 20th. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $54.33.

Valaris Company Profile

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.