ensco brings energy to the world as a global provider of offshore drilling services to the petroleum industry. we own the world’s newest ultra-deep water rig fleet and largest fleet of active premium jackups and are investing billions of dollars in additional drillships and high-specification jackups. across six continents, we operate in the most strategic offshore basins including the u.s. gulf of mexico, mexico, brazil, europe, middle east, africa, asia and the pacific rim. ensco is an s&p 500 company listed on the new york stock exchange (nyse:esv). at ensco, we: •recruit the most talented people to achieve our high operating standards •instill a culture that is centered on our core values, including high ethical standards, a commitment to safety and operational excellence, and a can-do attitude •offer extensive training opportunities including industry-accredited competency assurance programs to ensure our employees are properly equipped to excel •provide visible career adv
![Valaris logo](/files/LOGO/314808-VAL.png)
Company profile
Ticker
VAL
Exchange
Website
CEO
Thomas Burke
Employees
Location
Fiscal year end
Industry (SIC)
Former names
ENERGY SERVICE COMPANY INC, ENSCO INTERNATIONAL INC, Ensco International plc, Ensco plc, Ensco Rowan plc, Valaris plc
SEC CIK
Corporate docs
Subsidiaries
Alpha Achiever Company • Alpha Admiral Company • Alpha Archer Company • Alpha International Drilling Company • Alpha Leasing Drilling Limited • Alpha Manta Company • Alpha Offshore Drilling (S) Pte. Ltd. • Alpha Offshore Drilling Services Company (Ghana) Limited • Atlantic Maritime Services LLC • Atwood Australian Waters Drilling Pty Ltd ...
IRS number
980635229
VAL stock data
Latest filings (excl ownership)
8-K
Departure of Directors or Certain Officers
19 Jul 24
8-K
Submission of Matters to a Vote of Security Holders
17 Jun 24
10-Q
2024 Q1
Quarterly report
2 May 24
8-K
Valaris Reports First Quarter 2024 Results
2 May 24
8-K
Regulation FD Disclosure
1 May 24
ARS
2023 FY
Annual report to shareholders
17 Apr 24
DEFA14A
Additional proxy soliciting materials
17 Apr 24
DEF 14A
Definitive proxy
17 Apr 24
10-K
2023 FY
Annual report
22 Feb 24
8-K
Valaris Reports Fourth Quarter 2023 Results
22 Feb 24
Transcripts
VAL
Earnings call transcript
2024 Q1
2 May 24
VAL
Earnings call transcript
2023 Q4
22 Feb 24
VAL
Earnings call transcript
2023 Q3
7 Nov 23
VAL
Earnings call transcript
2023 Q2
2 Aug 23
VAL
Earnings call transcript
2023 Q1
2 May 23
VAL
Earnings call transcript
2022 Q4
21 Feb 23
VAL
Earnings call transcript
2022 Q3
1 Nov 22
VAL
Earnings call transcript
2022 Q2
2 Aug 22
VAL
Earnings call transcript
2022 Q1
3 May 22
VAL
Earnings call transcript
2021 Q4
22 Feb 22
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 509.10 mm | 509.10 mm | 509.10 mm | 509.10 mm | 509.10 mm | 509.10 mm |
Cash burn (monthly) | 42.20 mm | 27.91 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 163.19 mm | 107.92 mm | n/a | n/a | n/a | n/a |
Cash remaining | 345.91 mm | 401.18 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 8.2 | 14.4 | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2024
13F holders | Current |
---|---|
Total holders | 286 |
Opened positions | 108 |
Closed positions | 28 |
Increased positions | 74 |
Reduced positions | 69 |
13F shares | Current |
---|---|
Total value | 4.52 tn |
Total shares | 74.03 mm |
Total puts | 823.30 k |
Total calls | 883.40 k |
Total put/call ratio | 0.9 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 7.19 mm | $540.84 bn |
Orbis Allan Gray | 5.78 mm | $434.78 bn |
Orbis Investment Management | 5.76 mm | $0.00 |
Famatown Finance | 5.39 mm | $334.24 mm |
Oak Hill Advisors | 4.78 mm | $359.83 bn |
FMR | 4.52 mm | $339.82 bn |
Exor Investments | 3.00 mm | $226.06 bn |
STT State Street | 2.35 mm | $176.67 bn |
Lodbrok Capital | 1.96 mm | $147.71 bn |
Vanguard | 1.89 mm | $142.44 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
19 Jul 24 | Christopher T Weber | Common Shares | Payment of exercise | Dispose F | No | No | 76.47 | 5,710 | 436.64 k | 19,581 |
19 Jul 24 | Davor Vudakin | Common Shares | Payment of exercise | Dispose F | No | No | 76.47 | 3,241 | 247.84 k | 15,877 |
19 Jul 24 | Gilles Luca | Common Shares | Payment of exercise | Dispose F | No | No | 76.47 | 15,234 | 1.16 mm | 36,034 |
19 Jul 24 | Matthew Lyne | Common Shares | Payment of exercise | Dispose F | No | No | 76.47 | 7,164 | 547.83 k | 18,357 |
19 Jul 24 | Anton Dibowitz | Common Shares | Payment of exercise | Dispose F | No | No | 76.47 | 38,227 | 2.92 mm | 104,414 |
News
Barclays Maintains Overweight on Valaris, Lowers Price Target to $98
10 May 24
What Analysts Are Saying About Valaris Stock
6 May 24
Benchmark Reiterates Buy on Valaris, Maintains $90 Price Target
6 May 24
Benchmark Reiterates Buy on Valaris, Maintains $90 Price Target
2 May 24
Valaris Q1 2024 GAAP EPS $0.35 Beats $0.02 Estimate, Sales $525.000M Beat $498.214M Estimate
2 May 24