Deane Retirement Strategies Inc. Has $1.90 Million Holdings in Valaris Limited (NYSE:VAL)

Deane Retirement Strategies Inc. grew its stake in Valaris Limited (NYSE:VAL) by 6.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 42,984 shares of the company’s stock after buying an additional 2,480 shares during the period. Deane Retirement Strategies Inc.’s holdings in Valaris were worth $1,902,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Quarry LP acquired a new stake in Valaris during the third quarter worth about $25,000. Blue Trust Inc. grew its holdings 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. KBC Group NV increased its position in shares of Valaris by 63.3% during the fourth 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 during the period. Scientech Research LLC acquired a new position in shares of Valaris in the second quarter valued at $211,000. Finally, Oppenheimer & Co. Inc. bought a new position in Valaris in the third quarter worth $244,000. Institutional investors own 96.74% of the company’s stock.

Valaris Price Performance

Valaris stock opened at $47.50 on Wednesday. The business’s fifty day moving average is $45.33 and its two-hundred day moving average is $54.22. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.61 and a current ratio of 1.61. The firm has a market cap of $3.38 billion, a P/E ratio of 3.26 and a beta of 1.10. Valaris Limited has a 52 week low of $39.90 and a 52 week high of $84.20.

Valaris (NYSE:VAL) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.36 by ($0.48). The company had revenue of $643.10 million for the quarter, compared to analyst estimates of $588.00 million. Valaris had a return on equity of 13.67% and a net margin of 47.52%. During the same quarter last year, the company earned $0.17 EPS. Equities research analysts forecast that Valaris Limited will post 4.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on VAL shares. Barclays reissued an “equal weight” rating and issued a $49.00 price target (down previously from $59.00) on shares of Valaris in a report on Wednesday, December 18th. Benchmark cut shares of Valaris from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Evercore ISI cut shares of Valaris from an “outperform” rating to an “in-line” rating and cut their price target for the stock from $87.00 to $59.00 in a research note on Wednesday, January 15th. Citigroup lowered Valaris from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $58.00 to $47.00 in a research note on Monday, December 9th. Finally, Susquehanna dropped their price objective on Valaris from $61.00 to $55.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat.com, Valaris presently has a consensus rating of “Hold” and an average price target of $56.67.

Valaris 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.