SkyView Investment Advisors LLC Takes Position in Valaris Limited (NYSE:VAL)

SkyView Investment Advisors LLC bought a new position in Valaris Limited (NYSE:VAL) in the 2nd quarter, Holdings Channel.com reports. The firm bought 3,000 shares of the company’s stock, valued at approximately $224,000.

Other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its stake in shares of Valaris by 180.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock valued at $27,000 after purchasing an additional 235 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Valaris during the first quarter valued at about $149,000. Choreo LLC bought a new position in shares of Valaris during the second quarter valued at about $204,000. Evergreen Capital Management LLC purchased a new stake in Valaris during the 2nd quarter valued at about $204,000. Finally, Scientech Research LLC bought a new position in Valaris during the 2nd quarter worth approximately $211,000. Institutional investors own 96.74% of the company’s stock.

Insider Transactions at Valaris

In related news, SVP Davor Vukadin sold 15,403 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $56.64, for a total transaction of $872,425.92. Following the completion of the transaction, the senior vice president now owns 13,334 shares of the company’s stock, valued at approximately $755,237.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, COO Gilles Luca sold 30,000 shares of Valaris stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $56.86, for a total value of $1,705,800.00. Following the completion of the transaction, the chief operating officer now owns 108,342 shares of the company’s stock, valued at approximately $6,160,326.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Davor Vukadin sold 15,403 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $56.64, for a total transaction of $872,425.92. Following the sale, the senior vice president now directly owns 13,334 shares in the company, valued at $755,237.76. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

Valaris Stock Performance

Shares of Valaris stock opened at $56.06 on Monday. The business has a fifty day simple moving average of $62.84 and a two-hundred day simple moving average of $69.40. The firm has a market capitalization of $4.06 billion, a P/E ratio of 4.90 and a beta of 1.17. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.49. Valaris Limited has a 12 month low of $53.06 and a 12 month high of $84.20.

Valaris (NYSE:VAL) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $2.03 EPS for the quarter, topping the consensus estimate of $0.96 by $1.07. Valaris had a net margin of 49.33% and a return on equity of 12.58%. The business had revenue of $610.10 million for the quarter, compared to analyst estimates of $545.00 million. On average, equities analysts forecast that Valaris Limited will post 4.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on VAL. Benchmark reiterated a “buy” rating and set a $90.00 target price on shares of Valaris in a report on Monday, August 5th. Susquehanna started coverage on Valaris in a research report on Tuesday, September 24th. They issued a “neutral” rating and a $62.00 price objective on the stock. Barclays decreased their target price on Valaris from $98.00 to $91.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Citigroup cut their price target on shares of Valaris from $95.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. Finally, Pickering Energy Partners lowered shares of Valaris from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Valaris currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.50.

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.