Mangrove Partners IM LLC Purchases Shares of 21,461 Valaris Limited $VAL

Mangrove Partners IM LLC purchased a new stake in shares of Valaris Limited (NYSE:VAL) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 21,461 shares of the company’s stock, valued at approximately $1,082,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VAL. Schf GPE LLC acquired a new position in Valaris during the second quarter valued at approximately $77,675,000. American Century Companies Inc. grew its holdings in Valaris by 87.1% during the third quarter. American Century Companies Inc. now owns 1,274,038 shares of the company’s stock valued at $62,135,000 after purchasing an additional 592,971 shares during the last quarter. ANTIPODES PARTNERS Ltd grew its holdings in Valaris by 8,034.0% during the third quarter. ANTIPODES PARTNERS Ltd now owns 580,198 shares of the company’s stock valued at $28,298,000 after purchasing an additional 573,065 shares during the last quarter. Goehring & Rozencwajg Associates LLC grew its holdings in Valaris by 108.9% during the third quarter. Goehring & Rozencwajg Associates LLC now owns 902,440 shares of the company’s stock valued at $44,012,000 after purchasing an additional 470,419 shares during the last quarter. Finally, Norges Bank acquired a new position in Valaris during the fourth quarter valued at approximately $23,581,000. Institutional investors and hedge funds own 96.74% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. BTIG Research downgraded Valaris from a “buy” rating to a “hold” rating in a report on Monday, March 9th. Pareto Securities downgraded Valaris from a “hold” rating to a “sell” rating and set a $80.00 price target on the stock. in a report on Monday, February 23rd. Weiss Ratings downgraded Valaris from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Finally, Susquehanna increased their price objective on Valaris from $96.00 to $98.00 and gave the company a “neutral” rating in a research report on Tuesday, April 7th. Nine analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $63.19.

Valaris Stock Down 4.5%

VAL opened at $82.80 on Wednesday. Valaris Limited has a 1-year low of $41.03 and a 1-year high of $114.12. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $5.73 billion, a price-to-earnings ratio of 5.80 and a beta of 0.91. The business has a 50 day moving average of $95.53 and a 200-day moving average of $80.04.

Valaris (NYSE:VAL) last posted its quarterly earnings data on Monday, May 4th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.19). Valaris had a net margin of 45.37% and a return on equity of 12.31%. The business had revenue of $465.40 million during the quarter, compared to the consensus estimate of $443.75 million. During the same period in the prior year, the company posted ($0.53) earnings per share. The firm’s revenue was down 25.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Valaris Limited will post 3.18 earnings per share for the current 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.