|Bid||0.4457 x 1400|
|Ask||0.4460 x 3200|
|Day's Range||0.4106 - 0.4500|
|52 Week Range||0.3900 - 17.3500|
|Beta (5Y Monthly)||2.74|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar 07, 2019|
|1y Target Est||N/A|
Moody's Investors Service, ("Moody's") affirmed the A3 senior unsecured debt rating of Booking Holdings, Inc. (Booking) and changed the outlook to negative from stable. The negative outlook reflects Moody's expectation that Booking will report significantly depressed operating results for at least the first half of 2020 combined with the uncertainties regarding the depth and duration of the severe disruptions across the global travel sector due to the coronavirus (COVID-19) outbreak. Earlier this month, Booking withdrew financial guidance for 1Q2020 as a result of the worsening impact of the COVID-19 outbreak on travel demand.
Offshore oil driller Valaris PLC is exploring debt restructuring options as it grapples with a rig accident and a broader collapse in energy prices, people familiar with the matter said on Friday. Valaris has tapped debt restructuring attorneys at law firm Kirkland & Ellis LLP for advice on ways to rework its roughly $6.5 billion debt pile, and is exploring enlisting a turnaround firm that specializes in urgently addressing stressed finances to bolster its roster of advisers, the sources said. The London-based company had already been working with investment bank Lazard Ltd on options for addressing its debt, in addition to a series of cost-cutting measures already underway.
North American oil-field services and drilling companies will need to refinance $32 billion of debt this year through 2024, a big worry even before oil prices collapsed to $22 a barrel and the coronavirus grew into a pandemic.
Oil drilling firm Valaris PLC reached a settlement with Luminus Management and said on Monday that it has appointed one of the hedge fund's partners to its board. Luminus' Adam Weitzman, an expert in offshore oil drilling who has experience in debt and equity capital markets and risk management, will join Valaris' 11-member board as a 12th director, the company said. The New York-based hedge fund, which owns roughly 18.7% of Valaris' shares, promised to hold on to a certain number of shares in order to keep the board seat and to support Valaris' slate at this year's annual meeting.
Valaris (VAL) expects cost-cut efforts to lead to more than $265 million in operating cost savings by the end of the June quarter of 2021.
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the third quarter. You can find articles about an individual hedge fund's trades on numerous financial […]
The U.S. crude benchmark finished sharply lower last week amid speculation that OPEC and its allies are deeply divided over Saudi Arabia's push for deeper production cuts.
Valaris plc (NYSE: VAL) ("Valaris" or the "Company") today announced that, in connection with the Board's ongoing refreshment program, Frederick Arnold has been appointed to the Valaris Board of Directors, effective immediately.
Hedge fund Luminus Management said on Monday that it plans to call a special shareholder meeting at Valaris PLC and press for broader improvements at the offshore contract drilling services company which promised its own changes two weeks ago. Valaris' stock price surged 12% on Monday to trade at $4.40 after Luminus publicly called on the company to improve operations, refresh the board and shore up governance. The hedge fund also wants management to "take a holistic and balanced approach to managing (it's) capital structure, with a specific focus on ensuring liquidity, pushing out debt maturities and effectively monetizing debt discounts," according to a regulatory filing.
The latest round of 13F filings from institutional investors is out, revealing to the world the stocks that some of the richest and most successful investors have been buying and selling. Takeaways From ...
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Sherwin-Williams Company (The) and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Billionaire David Einhorn recently had a lot to say on a number of prominent stocks in Greenlight Capital’s 2019 Q3 investor letter. You can download a copy of it here. Greenlight Capital finished with a return of 24% during the first 3 quarters of 2019, beating the S&P 500 Index ETFs by 3.5 percentage points. Our calculations indicate the top 20 […]