Old West Investment Management LLC Acquires New Shares in Valaris Limited (NYSE:VAL)

Old West Investment Management LLC acquired a new stake in shares of Valaris Limited (NYSE:VAL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 35,535 shares of the company's stock, valued at approximately $1,572,000.

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

Valaris Price Performance

Shares of NYSE:VAL traded down $3.10 during midday trading on Thursday, reaching $30.18. 2,089,776 shares of the company were exchanged, compared to its average volume of 1,431,689. The stock has a market cap of $2.14 billion, a PE ratio of 5.82 and a beta of 1.06. The business's fifty day moving average is $39.38 and its two-hundred day moving average is $45.14. Valaris Limited has a one year low of $27.15 and a one year high of $84.20. The company has a current ratio of 1.59, a quick ratio of 1.61 and a debt-to-equity ratio of 0.48.

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Valaris (NYSE:VAL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $1.88 earnings per share for the quarter, beating 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 firm had revenue of $584.40 million during the quarter, compared to analyst estimates of $578.01 million. As a group, analysts predict that Valaris Limited will post 3.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Barclays decreased their price target on shares of Valaris from $46.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Monday. Susquehanna decreased their target price on Valaris from $50.00 to $47.00 and set a "neutral" rating on the stock in a report on Friday, February 21st. Evercore ISI lowered Valaris from an "outperform" rating to an "in-line" rating and cut their price target for the company from $87.00 to $59.00 in a report on Wednesday, January 15th. StockNews.com raised Valaris to a "sell" rating in a research report on Thursday, February 20th. Finally, Citigroup cut their price objective on Valaris from $48.00 to $44.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $52.50.

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.