49,413 Shares in Valaris Limited (NYSE:VAL) Bought by Zacks Investment Management

Zacks Investment Management purchased a new stake in shares of Valaris Limited (NYSE:VAL) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 49,413 shares of the company’s stock, valued at approximately $2,186,000.

Several other institutional investors have also bought and sold shares of the stock. Evergreen Capital Management LLC bought a new position in shares of Valaris in the fourth quarter valued at approximately $3,285,000. Bridgewater Associates LP increased its holdings in Valaris by 3,482.7% during the fourth quarter. Bridgewater Associates LP now owns 132,487 shares of the company’s stock worth $5,861,000 after buying an additional 128,789 shares during the last quarter. Guggenheim Capital LLC raised its position in Valaris by 64.8% in the fourth quarter. Guggenheim Capital LLC now owns 31,088 shares of the company’s stock worth $1,375,000 after acquiring an additional 12,223 shares during the period. Mariner LLC boosted its stake in Valaris by 110.4% in the fourth quarter. Mariner LLC now owns 19,843 shares of the company’s stock valued at $878,000 after acquiring an additional 10,410 shares during the last quarter. Finally, Sterling Capital Management LLC grew its position in shares of Valaris by 518.3% during the 4th quarter. Sterling Capital Management LLC now owns 742 shares of the company’s stock valued at $33,000 after acquiring an additional 622 shares during the period. Institutional investors own 96.74% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on VAL. StockNews.com upgraded Valaris to a “sell” rating in a research note on Thursday, February 20th. Barclays cut their price target on Valaris from $46.00 to $35.00 and set an “equal weight” rating for the company in a research note on Monday, April 7th. Susquehanna dropped their price objective on shares of Valaris from $47.00 to $34.00 and set a “neutral” rating on the stock in a report on Monday. Evercore ISI downgraded shares of Valaris from an “outperform” rating to an “in-line” rating and reduced their target price for the stock from $87.00 to $59.00 in a research note on Wednesday, January 15th. Finally, Citigroup dropped their price target on shares of Valaris from $48.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat, Valaris presently has a consensus rating of “Hold” and a consensus price target of $50.33.

Valaris Trading Up 6.0 %

Shares of VAL opened at $31.90 on Friday. Valaris Limited has a twelve month low of $27.15 and a twelve month high of $84.20. The stock has a market cap of $2.27 billion, a PE ratio of 6.21 and a beta of 1.06. The company has a quick ratio of 1.61, a current ratio of 1.59 and a debt-to-equity ratio of 0.48. The business’s 50-day moving average price is $37.44 and its 200-day moving average price is $44.19.

Valaris (NYSE:VAL) last posted its earnings results on Wednesday, February 19th. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.68. Valaris had a net margin of 15.81% and a return on equity of 17.40%. The business had revenue of $584.40 million for the quarter, compared to analyst estimates of $578.01 million. On average, equities analysts forecast that Valaris Limited will post 3.96 EPS for the current fiscal year.

Valaris Profile

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.