3.0500 0.00 (0.00%)
After hours: 7:53PM EST
|Bid||3.0600 x 2900|
|Ask||3.1300 x 4000|
|Day's Range||2.7800 - 3.2000|
|52 Week Range||2.7800 - 18.4000|
|Beta (5Y Monthly)||2.76|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 28, 2020 - May 03, 2020|
|Forward Dividend & Yield||0.16 (4.98%)|
|Ex-Dividend Date||Mar 07, 2019|
|1y Target Est||6.95|
Valaris plc (NYSE: VAL) ("Valaris" or the "Company") today reported a net loss attributable to the Company of $216 million, or $1.09 per share, for fourth quarter 2019 compared to a net loss of $197 million, or $1.00 per share, in third quarter 2019. The Company reported adjusted EBITDA of $22 million in fourth quarter 2019 compared to $35 million in third quarter 2019, and an adjusted loss of $1.55 per share in fourth quarter 2019 versus an adjusted loss of $1.27 per share in the prior quarter.
Valaris plc (NYSE: VAL) ("Valaris" or the "Company") today issued a quarterly Fleet Status Report that provides the current status of the Company's fleet of offshore drilling rigs along with certain contract information for these assets. The Fleet Status Report can be found on the "Investors" section of the Company's website www.valaris.com.
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 plc (NYSE: VAL) ("Valaris" or the "Company") today announced that, as part of the Board's comprehensive refreshment program, it has agreed to appoint Adam Weitzman to its Board of Directors. Mr. Weitzman will also serve on the Finance Committee, to assist in the Board's oversight of the Company's capital structure and financial strategies, as well as the Compensation Committee. With this appointment, the Valaris Board of Directors will be comprised of 12 directors, 11 of whom will stand for re-election at the Company's 2020 Annual General Meeting of Shareholders.
Valaris plc (NYSE: VAL) ("Valaris" or the "Company") will hold its fourth quarter and full-year 2019 earnings conference call at 9:00 a.m. CST (10:00 a.m. EST and 3:00 p.m. London) on Friday, February 21, 2020. The earnings release will be issued before the New York Stock Exchange opens that morning.
Valaris plc (NYSE: VAL) ("Valaris" or the "Company") announced today that ARO Drilling, its 50/50 joint venture with Saudi Aramco, has ordered two newbuild jackup rigs from International Maritime Industries. Upon delivery, each rig is expected to commence an eight-year contract with Saudi Aramco and operate at a day rate determined by a six-year EBITDA payback.
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.
Valaris plc (NYSE: VAL) ("Valaris" or the "Company") today announced that it has received a $200 million cash payment upon the conclusion of previously disclosed arbitration proceedings, and provided an update on contracting for its rig fleet and the Company's cost savings plans.
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 […]
Valaris plc (NYSE: VAL) ("Valaris" or the "Company") today confirmed that Luminus Management, LLC ("Luminus") has stated that it intends to call an Ordinary Meeting of shareholders and nominate individuals to stand for election to the Company's Board of Directors.
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 ...