Panview Capital Ltd Purchases New Stake in Valaris Limited $VAL

Panview Capital Ltd acquired a new position in shares of Valaris Limited (NYSE:VAL) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 155,000 shares of the company’s stock, valued at approximately $6,527,000. Valaris accounts for 2.1% of Panview Capital Ltd’s portfolio, making the stock its 9th biggest holding.

Several other hedge funds have also recently bought and sold shares of VAL. Bluefin Capital Management LLC bought a new position in Valaris in the first quarter valued at about $232,000. South Dakota Investment Council lifted its holdings in shares of Valaris by 33.1% in the first quarter. South Dakota Investment Council now owns 47,456 shares of the company’s stock worth $1,863,000 after acquiring an additional 11,800 shares during the last quarter. Dalal Street LLC acquired a new stake in shares of Valaris in the 1st quarter valued at approximately $56,046,000. LPL Financial LLC boosted its stake in shares of Valaris by 76.5% in the 1st quarter. LPL Financial LLC now owns 37,629 shares of the company’s stock valued at $1,477,000 after purchasing an additional 16,307 shares in the last quarter. Finally, Entropy Technologies LP bought a new stake in shares of Valaris during the 1st quarter valued at approximately $438,000. 96.74% of the stock is owned by institutional investors.

Valaris Stock Up 0.4%

Shares of VAL opened at $54.29 on Friday. The stock’s 50-day moving average price is $51.73 and its two-hundred day moving average price is $46.14. Valaris Limited has a 12 month low of $27.15 and a 12 month high of $58.39. The company has a market capitalization of $3.78 billion, a PE ratio of 9.68 and a beta of 1.16. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.44.

Valaris (NYSE:VAL) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $1.00 by $1.65. The company had revenue of $595.70 million during the quarter, compared to analysts’ expectations of $568.41 million. Valaris had a return on equity of 17.27% and a net margin of 16.51%.The company’s revenue was down 7.4% on a year-over-year basis. On average, analysts anticipate that Valaris Limited will post 3.96 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on VAL. Capital One Financial set a $55.00 price objective on shares of Valaris in a research note on Monday, September 15th. Clarkson Capital downgraded shares of Valaris from a “buy” rating to a “neutral” rating and set a $54.00 price target for the company. in a report on Tuesday, September 2nd. Zacks Research upgraded Valaris from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Valaris in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Valaris from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. One investment analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $51.72.

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.