Valaris
About: Valaris Ltd is the industry leader in offshore drilling services across all water depths and geographies. It is a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups. It operates in Floaters, Jackups, ARO and Others. Its majority of the revenue comes from Floaters segment which includes drillships and semisubmersible rigs.
Employees: 5,985
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
73% more call options, than puts
Call options by funds: $64.8M | Put options by funds: $37.4M
34% more repeat investments, than reductions
Existing positions increased: 117 | Existing positions reduced: 87
9% more capital invested
Capital invested by funds: $4.84B [Q1] → $5.3B (+$457M) [Q2]
9.37% more ownership
Funds ownership: 88.95% [Q1] → 98.32% (+9.37%) [Q2]
5% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 39
1% more funds holding
Funds holding: 290 [Q1] → 292 (+2) [Q2]
5% less funds holding in top 10
Funds holding in top 10: 20 [Q1] → 19 (-1) [Q2]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Susquehanna Charles Minervino 40% 1-year accuracy 19 / 48 met price target | 21%upside $61 | Neutral Maintained | 11 Oct 2024 |
Susquehanna Charles Minervino 40% 1-year accuracy 19 / 48 met price target | 23%upside $62 | Neutral Initiated | 24 Sept 2024 |
Citigroup Nikhil Gupta 0 / 0 met price target | 41%upside $71 | Buy Maintained | 12 Sept 2024 |
Barclays Eddie Kim 20% 1-year accuracy 1 / 5 met price target | 81%upside $91 | Overweight Maintained | 9 Aug 2024 |
Benchmark Kurt Hallead 16% 1-year accuracy 5 / 31 met price target | 79%upside $90 | Buy Reiterated | 5 Aug 2024 |