Olympiad Research LP Makes New $247,000 Investment in Valaris Limited (NYSE:VAL)

Olympiad Research LP purchased a new position in shares of Valaris Limited (NYSE:VAL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,573 shares of the company’s stock, valued at approximately $247,000.

A number of other large investors also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in Valaris during the third quarter worth $25,000. Blue Trust Inc. lifted its stake in Valaris by 41.0% during the fourth quarter. Blue Trust Inc. now owns 1,758 shares of the company’s stock worth $78,000 after purchasing an additional 511 shares in the last quarter. Saturna Capital Corp lifted its stake in Valaris by 4.8% during the third quarter. Saturna Capital Corp now owns 13,290 shares of the company’s stock worth $741,000 after purchasing an additional 604 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in Valaris by 4.0% during the third quarter. Thrivent Financial for Lutherans now owns 15,651 shares of the company’s stock worth $873,000 after purchasing an additional 604 shares in the last quarter. Finally, Sigma Planning Corp lifted its stake in Valaris by 16.5% during the third quarter. Sigma Planning Corp now owns 4,728 shares of the company’s stock worth $264,000 after purchasing an additional 670 shares in the last quarter. 96.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on VAL shares. Citigroup upped their price target on Valaris from $47.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Barclays reaffirmed an “equal weight” rating and set a $49.00 price objective (down previously from $59.00) on shares of Valaris in a research report on Wednesday, December 18th. StockNews.com raised Valaris to a “sell” rating in a research report on Thursday. Susquehanna cut their price objective on Valaris from $50.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, JPMorgan Chase & Co. assumed coverage on Valaris in a research report on Friday, December 6th. They set an “underweight” rating and a $40.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, Valaris currently has a consensus rating of “Hold” and a consensus price target of $55.50.

Valaris Stock Performance

NYSE:VAL opened at $41.80 on Monday. The firm has a market capitalization of $2.97 billion, a PE ratio of 8.13 and a beta of 1.10. The business’s fifty day moving average price is $45.42 and its 200 day moving average price is $50.53. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.59 and a quick ratio of 1.61. Valaris Limited has a 12 month low of $39.90 and a 12 month high of $84.20.

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

About Valaris

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.