Valaris Limited (NYSE:VAL) Short Interest Update

Valaris Limited (NYSE:VAL) saw a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 5,691,867 shares, a decrease of 13.7% from the January 29th total of 6,593,107 shares. Based on an average daily trading volume, of 3,666,239 shares, the days-to-cover ratio is presently 1.6 days. Currently, 8.2% of the company’s shares are sold short. Currently, 8.2% of the company’s shares are sold short. Based on an average daily trading volume, of 3,666,239 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Trading of Valaris

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. WINTON GROUP Ltd increased its position in shares of Valaris by 0.5% during the fourth quarter. WINTON GROUP Ltd now owns 27,510 shares of the company’s stock valued at $1,387,000 after acquiring an additional 146 shares during the last quarter. Signaturefd LLC grew its position in shares of Valaris by 22.1% during the fourth quarter. Signaturefd LLC now owns 1,133 shares of the company’s stock worth $57,000 after buying an additional 205 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of Valaris by 1.4% in the 3rd quarter. Quadrant Capital Group LLC now owns 15,301 shares of the company’s stock valued at $746,000 after purchasing an additional 214 shares during the last quarter. Prudential Financial Inc. raised its stake in Valaris by 4.1% in the second quarter. Prudential Financial Inc. now owns 5,885 shares of the company’s stock valued at $248,000 after buying an additional 230 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in Valaris by 50.5% during the 3rd quarter. UMB Bank n.a. now owns 778 shares of the company’s stock worth $38,000 after buying an additional 261 shares during the last quarter. 96.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on VAL. Pareto Securities cut Valaris from a “hold” rating to a “sell” rating and set a $80.00 price objective on the stock. in a research report on Monday, February 23rd. Barclays increased their price target on shares of Valaris from $43.00 to $50.00 and gave the company an “equal weight” rating in a report on Wednesday, November 5th. Citigroup dropped their price target on Valaris from $62.00 to $58.00 and set a “neutral” rating on the stock in a research note on Monday, December 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Valaris in a research report on Wednesday, January 21st. Finally, Zacks Research downgraded Valaris from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. One investment analyst has rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Valaris currently has an average rating of “Hold” and an average target price of $56.50.

Valaris Stock Performance

Shares of NYSE:VAL traded down $4.01 during trading on Thursday, hitting $90.44. The stock had a trading volume of 532,587 shares, compared to its average volume of 1,841,330. The stock has a 50-day simple moving average of $67.95 and a two-hundred day simple moving average of $57.93. The stock has a market capitalization of $6.26 billion, a price-to-earnings ratio of 6.46 and a beta of 1.07. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.34. Valaris has a 12-month low of $27.15 and a 12-month high of $102.19.

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.