ValarisVAL
Market Cap: 5.79B
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 Q1 SEC filings by fund managers ($100M+ AUM)
9% more capital invested
Capital invested by funds: $4.41B [Q4 2023] → $4.81B (+$398M) [Q1 2024]
7% more call options, than puts
Call options by funds: $66.5M | Put options by funds: $62M
4% more repeat investments, than reductions
Existing positions increased: 102 | Existing positions reduced: 98
0.04% more ownership
Funds ownership: 88.25% [Q4 2023] → 88.29% (+0.04%) [Q1 2024]
0% more funds holding
Funds holding: 286 [Q4 2023] → 286 (+0) [Q1 2024]
0% more funds holding in top 10
Funds holding in top 10: 20 [Q4 2023] → 20 (+0) [Q1 2024]
0% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 45
Research analyst outlook
6 Wall Street Analysts provided 1 year price forecasts over the past 6 months
6 analyst ratings
Barclays Eddie Kim | 23%upside $98 | Overweight Maintained | 10 May 2024 |
Benchmark Kurt Hallead | 13%upside $90 | Buy Reiterated | 6 May 2024 |
Benchmark Kurt Hallead | 13%upside $90 | Buy Reiterated | 2 May 2024 |
Barclays David Anderson | 28%upside $102 | Overweight Maintained | 5 Mar 2024 |
Evercore ISI Group James West | 31%upside $105 | Outperform Maintained | 23 Feb 2024 |