2,736 Shares in Valaris Limited (NYSE:VAL) Purchased by Evergreen Capital Management LLC

Evergreen Capital Management LLC purchased a new position in Valaris Limited (NYSE:VAL) in the second quarter, HoldingsChannel reports. The institutional investor purchased 2,736 shares of the company’s stock, valued at approximately $204,000.

A number of other institutional investors have also added to or reduced their stakes in VAL. EverSource Wealth Advisors LLC raised its holdings in shares of Valaris by 180.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 365 shares of the company’s stock valued at $27,000 after buying an additional 235 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Valaris during the first quarter worth approximately $149,000. Choreo LLC bought a new stake in shares of Valaris in the 2nd quarter worth approximately $204,000. Fermata Advisors LLC purchased a new stake in shares of Valaris in the 2nd quarter valued at $237,000. Finally, nVerses Capital LLC bought a new position in shares of Valaris during the 2nd quarter valued at $298,000. Institutional investors own 96.74% of the company’s stock.

Valaris Price Performance

Shares of Valaris stock opened at $56.06 on Friday. The business has a 50 day moving average of $62.84 and a 200 day moving average of $69.41. Valaris Limited has a 52 week low of $53.06 and a 52 week high of $84.20. The company has a market cap of $4.08 billion, a PE ratio of 4.90 and a beta of 1.17. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.49.

Valaris (NYSE:VAL) last issued 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. The business had revenue of $610.10 million during the quarter, compared to analyst estimates of $545.00 million. Valaris had a net margin of 49.33% and a return on equity of 12.58%. As a group, equities research analysts forecast that Valaris Limited will post 4.37 earnings per share for the current year.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

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

Valaris Company 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.