Valaris Limited (NYSE:VAL) Short Interest Down 13.7% in February

Valaris Limited (NYSE:VAL) was the recipient of a large decline in short interest in February. As of February 13th, there was short interest totaling 5,691,867 shares, a decline of 13.7% from the January 29th total of 6,593,107 shares. Currently, 8.2% of the shares of the stock are short sold. Based on an average trading volume of 3,666,239 shares, the short-interest ratio is presently 1.6 days. Based on an average trading volume of 3,666,239 shares, the short-interest ratio is presently 1.6 days. Currently, 8.2% of the shares of the stock are short sold.

Institutional Trading of Valaris

Several institutional investors and hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Valaris by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,689 shares of the company’s stock valued at $1,440,000 after acquiring an additional 1,605 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Valaris by 3.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,662 shares of the company’s stock valued at $5,797,000 after purchasing an additional 4,263 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Valaris by 106.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,780 shares of the company’s stock valued at $75,000 after purchasing an additional 919 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of Valaris by 3.7% during the 2nd quarter. Teacher Retirement System of Texas now owns 9,720 shares of the company’s stock worth $409,000 after purchasing an additional 348 shares during the period. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Valaris by 13,400.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,215 shares of the company’s stock worth $51,000 after buying an additional 1,206 shares during the last quarter. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Valaris Stock Down 3.8%

VAL stock opened at $90.82 on Friday. The company has a market cap of $6.29 billion, a P/E ratio of 6.49 and a beta of 1.07. Valaris has a fifty-two week low of $27.15 and a fifty-two week high of $102.19. The stock’s 50 day simple moving average is $68.78 and its 200 day simple moving average is $58.16. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.77 and a current ratio of 1.77.

Analyst Ratings Changes

VAL has been the subject of a number of research analyst reports. Zacks Research lowered shares of Valaris from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Pareto Securities downgraded shares of Valaris from a “hold” rating to a “sell” rating and set a $80.00 price target for the company. in a report on Monday, February 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Valaris in a report on Wednesday, January 21st. Finally, Citigroup reduced 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. One research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $56.50.

Valaris Company 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.