Black Swift Group LLC Takes Position in Valaris Limited $VAL

Black Swift Group LLC acquired a new stake in Valaris Limited (NYSE:VAL) in the fourth quarter, HoldingsChannel reports. The fund acquired 20,000 shares of the company’s stock, valued at approximately $1,008,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. AdvisorShares Investments LLC bought a new position in shares of Valaris in the 4th quarter valued at about $481,000. Norges Bank bought a new position in shares of Valaris in the 4th quarter valued at about $23,581,000. Hantz Financial Services Inc. grew its position in shares of Valaris by 57.2% in the 4th quarter. Hantz Financial Services Inc. now owns 4,460 shares of the company’s stock valued at $225,000 after acquiring an additional 1,623 shares during the period. MQS Management LLC bought a new stake in shares of Valaris during the 4th quarter worth about $470,000. Finally, Leonteq Securities AG bought a new stake in shares of Valaris during the 4th quarter worth about $109,000. Institutional investors own 96.74% of the company’s stock.

Valaris Stock Performance

NYSE VAL opened at $92.57 on Monday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $6.41 billion, a P/E ratio of 6.48 and a beta of 0.91. Valaris Limited has a 12-month low of $37.50 and a 12-month high of $114.12. The firm has a 50-day moving average price of $97.48 and a two-hundred day moving average price of $77.18.

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

Wall Street Analyst Weigh In

VAL has been the subject of several research analyst reports. BTIG Research downgraded shares of Valaris from a “buy” rating to a “hold” rating in a report on Monday, March 9th. Susquehanna lifted their target price on shares of Valaris from $96.00 to $98.00 and gave the stock a “neutral” rating in a report on Tuesday, April 7th. Weiss Ratings downgraded shares of Valaris from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Finally, Pareto Securities downgraded shares of Valaris from a “hold” rating to a “sell” rating and set a $80.00 target price for the company. in a report on Monday, February 23rd. Nine research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $63.19.

Valaris Company 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.