Whitebox Advisors LLC Makes New Investment in Valaris Limited $VAL

Whitebox Advisors LLC acquired a new stake in Valaris Limited (NYSE:VAL) in the first quarter, Holdings Channel reports. The fund acquired 583,937 shares of the company’s stock, valued at approximately $57,249,000. Valaris accounts for 0.7% of Whitebox Advisors LLC’s investment portfolio, making the stock its 20th biggest position.

A number of other institutional investors and hedge funds have also recently made changes to their positions in VAL. Hosking Partners LLP raised its position in shares of Valaris by 21.1% in the fourth quarter. Hosking Partners LLP now owns 299,669 shares of the company’s stock valued at $15,103,000 after buying an additional 52,278 shares in the last quarter. Hussman Strategic Advisors Inc. bought a new stake in shares of Valaris in the fourth quarter valued at approximately $1,058,000. Denali Advisors LLC acquired a new stake in Valaris during the fourth quarter worth approximately $1,618,000. Jennison Associates LLC acquired a new stake in Valaris during the fourth quarter worth approximately $908,000. Finally, Dimensional Fund Advisors LP increased its stake in Valaris by 3.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,349,443 shares of the company’s stock worth $328,382,000 after acquiring an additional 114,730 shares during the period. Institutional investors and hedge funds own 96.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Susquehanna cut their target price on Valaris from $98.00 to $75.00 and set a “neutral” rating for the company in a research report on Wednesday, July 8th. Weiss Ratings cut Valaris from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Nine research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Valaris currently has a consensus rating of “Reduce” and a consensus target price of $60.31.

Valaris Stock Performance

Shares of NYSE:VAL opened at $79.63 on Monday. The company’s 50 day simple moving average is $84.90 and its 200 day simple moving average is $84.66. The stock has a market capitalization of $5.51 billion, a price-to-earnings ratio of 5.58 and a beta of 0.93. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.55 and a quick ratio of 1.55. Valaris Limited has a 1 year low of $43.53 and a 1 year high of $114.12.

Valaris (NYSE:VAL) last issued its earnings results on Monday, May 4th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.19). The business had revenue of $465.40 million for the quarter, compared to analyst estimates of $443.75 million. Valaris had a return on equity of 12.31% and a net margin of 45.37%.The firm’s revenue was down 25.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.53) EPS. As a group, research analysts predict that Valaris Limited will post 3.18 EPS for the current fiscal year.

Valaris 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.