Hantz Financial Services Inc. Raises Position in Valaris Limited $VAL

Hantz Financial Services Inc. grew its holdings in shares of Valaris Limited (NYSE:VAL) by 13,400.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,215 shares of the company’s stock after purchasing an additional 1,206 shares during the quarter. Hantz Financial Services Inc.’s holdings in Valaris were worth $51,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Blume Capital Management Inc. lifted its stake in shares of Valaris by 56.5% during the 2nd quarter. Blume Capital Management Inc. now owns 665 shares of the company’s stock worth $28,000 after purchasing an additional 240 shares during the period. Fifth Third Bancorp lifted its stake in shares of Valaris by 77.9% during the 2nd quarter. Fifth Third Bancorp now owns 822 shares of the company’s stock worth $35,000 after purchasing an additional 360 shares during the period. Signaturefd LLC lifted its stake in shares of Valaris by 45.4% during the 2nd quarter. Signaturefd LLC now owns 916 shares of the company’s stock worth $39,000 after purchasing an additional 286 shares during the period. GAMMA Investing LLC lifted its stake in shares of Valaris by 1,027.5% during the 1st quarter. GAMMA Investing LLC now owns 1,353 shares of the company’s stock worth $53,000 after purchasing an additional 1,233 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Valaris during the 2nd quarter worth $56,000. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Analyst Upgrades and Downgrades

VAL has been the topic of a number of recent analyst reports. Capital One Financial set a $55.00 price target on Valaris in a research note on Monday, September 15th. Barclays increased their target price on Valaris from $43.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Clarkson Capital lowered Valaris from a “buy” rating to a “neutral” rating and set a $54.00 target price on the stock. in a research report on Tuesday, September 2nd. Fearnley Fonds lowered Valaris from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Finally, Citigroup increased their target price on Valaris from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Valaris presently has a consensus rating of “Reduce” and an average target price of $51.72.

Valaris Stock Down 2.9%

Shares of Valaris stock opened at $53.15 on Thursday. The business has a 50-day moving average of $51.54 and a 200-day moving average of $45.92. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.87 and a quick ratio of 1.87. The company has a market capitalization of $3.70 billion, a PE ratio of 9.47 and a beta of 1.16. Valaris Limited has a 1-year low of $27.15 and a 1-year high of $58.39.

Valaris (NYSE:VAL) last announced its earnings results on Wednesday, October 29th. The company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $1.00 by $1.65. The company had revenue of $595.70 million during the quarter, compared to the consensus estimate of $568.41 million. Valaris had a return on equity of 17.27% and a net margin of 16.51%.The firm’s quarterly revenue was down 7.4% compared to the same quarter last year. As a group, equities analysts forecast that Valaris Limited will post 3.96 EPS for the current fiscal year.

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.