Blackhawk Capital Partners LLC Takes $782,000 Position in Valaris Limited $VAL

Blackhawk Capital Partners LLC bought a new position in shares of Valaris Limited (NYSE:VAL) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 16,040 shares of the company’s stock, valued at approximately $782,000.

A number of other large investors have also recently bought and sold shares of VAL. Prudential Financial Inc. raised its stake in shares of Valaris by 4.1% in the second quarter. Prudential Financial Inc. now owns 5,885 shares of the company’s stock valued at $248,000 after acquiring an additional 230 shares during the last quarter. Blume Capital Management Inc. raised its position in Valaris by 56.5% in the 2nd quarter. Blume Capital Management Inc. now owns 665 shares of the company’s stock valued at $28,000 after purchasing an additional 240 shares during the last quarter. Retirement Systems of Alabama boosted its stake in Valaris by 0.4% in the second quarter. Retirement Systems of Alabama now owns 79,913 shares of the company’s stock worth $3,365,000 after purchasing an additional 279 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Valaris by 11.8% during the third quarter. GAMMA Investing LLC now owns 2,660 shares of the company’s stock worth $130,000 after purchasing an additional 281 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in shares of Valaris by 45.4% during the second quarter. Signaturefd LLC now owns 916 shares of the company’s stock worth $39,000 after purchasing an additional 286 shares during the last quarter. 96.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VAL has been the topic of several research reports. Barclays upped their price target on shares of Valaris from $43.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 5th. BTIG Research raised their price target on shares of Valaris from $55.00 to $65.00 and gave the company a “buy” rating in a report on Friday, October 31st. Weiss Ratings restated a “hold (c)” rating on shares of Valaris in a research report on Wednesday. Citigroup decreased their price objective on Valaris from $62.00 to $58.00 and set a “neutral” rating on the stock in a research report on Monday, December 22nd. Finally, Susquehanna lifted their target price on Valaris from $49.00 to $51.00 and gave the company a “neutral” rating in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Valaris has a consensus rating of “Hold” and a consensus price target of $53.56.

Valaris Price Performance

Shares of VAL stock opened at $54.27 on Friday. Valaris Limited has a 52-week low of $27.15 and a 52-week high of $61.70. The stock has a market cap of $3.78 billion, a PE ratio of 9.67 and a beta of 1.17. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.87 and a current ratio of 1.87. The firm’s 50 day moving average price is $53.91 and its two-hundred day moving average price is $51.64.

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

Valaris Profile

Valaris PLC is a leading provider of offshore drilling services to the global energy industry. The company operates a diverse fleet of mobile offshore drilling units, including drillships, semisubmersibles and jackup rigs, designed to support exploration and production activities in deepwater, ultra-deepwater and harsh‐environment settings. Valaris serves a wide range of international oil and gas customers, offering turnkey drilling solutions, project management and advanced technology integration to enhance operational efficiency and safety.

Headquartered in Houston, Texas, Valaris maintains a significant presence in key offshore basins around the world.