Valaris Limited (NYSE:VAL) Short Interest Update
by Amy Steele · The Cerbat GemValaris Limited (NYSE:VAL – Get Free Report) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 7,087,982 shares, an increase of 24.5% from the February 12th total of 5,691,867 shares. Approximately 10.3% of the shares of the company are sold short. Based on an average daily trading volume, of 1,877,606 shares, the short-interest ratio is presently 3.8 days. Based on an average daily trading volume, of 1,877,606 shares, the short-interest ratio is presently 3.8 days. Approximately 10.3% of the shares of the company are sold short.
Valaris Stock Up 6.2%
VAL traded up $5.69 on Tuesday, reaching $97.23. 2,395,687 shares of the company traded hands, compared to its average volume of 1,726,433. The company has a market cap of $6.73 billion, a price-to-earnings ratio of 6.95 and a beta of 1.06. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.77 and a quick ratio of 1.77. The stock’s 50 day moving average price is $74.49 and its 200-day moving average price is $60.48. Valaris has a 52-week low of $27.15 and a 52-week high of $102.19.
Analysts Set New Price Targets
VAL has been the subject of several research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Valaris in a report on Wednesday, January 21st. Zacks Research cut shares of Valaris from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Citigroup reduced their price target on shares of Valaris from $62.00 to $58.00 and set a “neutral” rating for the company in a research report on Monday, December 22nd. Pareto Securities cut shares of Valaris from a “hold” rating to a “sell” rating and set a $80.00 price target for the company. in a research note on Monday, February 23rd. Finally, BTIG Research downgraded shares of Valaris from a “buy” rating to a “hold” rating in a research report on Monday, March 9th. Ten equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $56.50.
Get Our Latest Report on Valaris
Hedge Funds Weigh In On Valaris
A number of hedge funds have recently modified their holdings of the stock. UMB Bank n.a. raised its holdings in Valaris by 50.5% during the third quarter. UMB Bank n.a. now owns 778 shares of the company’s stock valued at $38,000 after buying an additional 261 shares in the last quarter. Wexford Capital LP bought a new stake in shares of Valaris during the 3rd quarter worth about $41,000. Signaturefd LLC increased its holdings in shares of Valaris by 22.1% during the 4th quarter. Signaturefd LLC now owns 1,133 shares of the company’s stock valued at $57,000 after acquiring an additional 205 shares during the last quarter. Strs Ohio increased its holdings in shares of Valaris by 100.0% during the 3rd quarter. Strs Ohio now owns 1,200 shares of the company’s stock valued at $59,000 after acquiring an additional 600 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Valaris by 240.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,853 shares of the company’s stock valued at $78,000 after acquiring an additional 1,308 shares in the last quarter. 96.74% of the stock is owned by institutional investors and hedge funds.
About Valaris
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.