Valaris Limited (NYSE:VAL) Short Interest Update

Valaris Limited (NYSE:VAL) was the target of a large increase in short interest in February. As of February 27th, there was short interest totaling 7,087,982 shares, an increase of 24.5% from the February 12th total of 5,691,867 shares. Approximately 10.3% of the company’s stock are short sold. Based on an average daily volume of 1,877,606 shares, the short-interest ratio is currently 3.8 days. Based on an average daily volume of 1,877,606 shares, the short-interest ratio is currently 3.8 days. Approximately 10.3% of the company’s stock are short sold.

Valaris Stock Performance

NYSE:VAL traded up $6.26 during midday trading on Tuesday, reaching $97.80. 1,511,084 shares of the company traded hands, compared to its average volume of 1,707,709. Valaris has a twelve month low of $27.15 and a twelve month high of $102.19. The firm has a market capitalization of $6.77 billion, a price-to-earnings ratio of 6.99 and a beta of 1.06. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.77 and a quick ratio of 1.77. The company has a fifty day moving average price of $74.49 and a 200 day moving average price of $60.48.

Institutional Trading of Valaris

A number of large investors have recently modified their holdings of VAL. Corient Private Wealth LLC lifted its holdings in Valaris by 85.3% in the fourth quarter. Corient Private Wealth LLC now owns 14,426 shares of the company’s stock worth $718,000 after purchasing an additional 6,641 shares during the period. Virtu Financial LLC bought a new stake in shares of Valaris during the 4th quarter worth about $580,000. Invesco Ltd. raised its position in shares of Valaris by 7.6% during the 4th quarter. Invesco Ltd. now owns 510,426 shares of the company’s stock worth $25,725,000 after buying an additional 36,001 shares in the last quarter. Mackenzie Financial Corp acquired a new stake in shares of Valaris in the 4th quarter worth approximately $202,000. Finally, Empowered Funds LLC bought a new position in shares of Valaris in the fourth quarter valued at approximately $1,324,000. Institutional investors and hedge funds own 96.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VAL. Weiss Ratings reissued a “hold (c)” rating on shares of Valaris in a research report on Wednesday, January 21st. Pareto Securities cut Valaris from a “hold” rating to a “sell” rating and set a $80.00 target price for the company. in a research note on Monday, February 23rd. Zacks Research downgraded shares of Valaris from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. BTIG Research downgraded Valaris from a “buy” rating to a “hold” rating in a report on Monday, March 9th. Finally, Citigroup reduced their price objective on Valaris from $62.00 to $58.00 and set a “neutral” rating on the stock in a research note on Monday, December 22nd. Ten research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $56.50.

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.