AdvisorShares Investments LLC Makes New Investment in Valaris Limited $VAL

AdvisorShares Investments LLC bought a new position in Valaris Limited (NYSE:VAL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 9,540 shares of the company’s stock, valued at approximately $481,000.

Other large investors have also recently added to or reduced their stakes in the company. ANTIPODES PARTNERS Ltd increased its position in Valaris by 8,034.0% in the third quarter. ANTIPODES PARTNERS Ltd now owns 580,198 shares of the company’s stock worth $28,298,000 after buying an additional 573,065 shares during the period. GSA Capital Partners LLP acquired a new stake in Valaris in the third quarter worth $1,205,000. Hosking Partners LLP increased its position in Valaris by 21.1% in the fourth quarter. Hosking Partners LLP now owns 299,669 shares of the company’s stock worth $15,103,000 after buying an additional 52,278 shares during the period. American Century Companies Inc. increased its position in Valaris by 87.1% in the third quarter. American Century Companies Inc. now owns 1,274,038 shares of the company’s stock worth $62,135,000 after buying an additional 592,971 shares during the period. Finally, Goehring & Rozencwajg Associates LLC increased its position in Valaris by 108.9% in the third quarter. Goehring & Rozencwajg Associates LLC now owns 902,440 shares of the company’s stock worth $44,012,000 after buying an additional 470,419 shares during the period. 96.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on VAL. Weiss Ratings lowered Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. BTIG Research lowered Valaris from a “buy” rating to a “hold” rating in a research report on Monday, March 9th. Pareto Securities lowered Valaris from a “hold” rating to a “sell” rating and set a $80.00 price target on the stock. in a report on Monday, February 23rd. Finally, Susquehanna raised their price target on Valaris from $96.00 to $98.00 and gave the company a “neutral” rating in a report on Tuesday, April 7th. Nine analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Valaris currently has a consensus rating of “Reduce” and a consensus target price of $63.19.

Valaris Price Performance

Shares of VAL opened at $92.57 on Friday. The firm has a market capitalization of $6.41 billion, a price-to-earnings ratio of 6.48 and a beta of 0.97. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.55 and a current ratio of 1.55. Valaris Limited has a one year low of $37.50 and a one year high of $114.12. The stock’s fifty day moving average is $97.48 and its 200-day moving average is $77.04.

Valaris (NYSE:VAL) last issued its quarterly earnings results on Monday, May 4th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.19). The business had revenue of $465.40 million for the quarter, compared to analyst estimates of $443.75 million. Valaris had a net margin of 45.37% and a return on equity of 12.31%. Valaris’s revenue for the quarter was down 25.0% on a year-over-year basis. During the same period last year, the business posted ($0.53) earnings per share. Equities analysts anticipate that Valaris Limited will post 3.41 EPS for the current year.

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.