VAL Valaris Plc
Valaris Plc engages in the provision of offshore contract drilling services to the international oil and gas industry. It operates its through the following segments: Floaters, Jackups and Others. The Floaters segment includes drill ships and semisubmersible rigs. The Jackups segment offers contract drilling service. The Others segment consists of management services on rigs owned by third-parties. The company was founded on July 3, 1905 and is headquartered in London, the United Kingdom.
Company profile
Ticker
VAL
Exchange
Website
CEO
Thomas Peter Burke
Employees
Location
Fiscal year end
Sector
Industry (SEC)
Former names
Energy Service Company Inc, Ensco International Inc, Ensco International plc, Ensco plc, Ensco Rowan plc
SEC CIK
Corporate docs
IRS number
980635229
VAL stock data
()
Calendar
30 Apr 20
11 Jul 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | 456.6M | 512.1M | 551.3M | 583.9M | |
| Net income | -3.01B | -214M | -197.5M | 407.3M | |
| Diluted EPS | -1.09 | -1 | 2.09 | ||
| Net profit margin | -659% | -41.79% | -35.82% | 69.76% | |
| Operating income | -3.05B | -193.1M | -236.2M | -157.4M | |
| Net change in cash | 87.7M | -32.3M | -829.6M | 660.7M | |
| Cash on hand | 184.9M | 97.2M | 129.5M | 959.1M | |
| Cost of revenue | 476.6M | 496.5M | 500.3M |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 2.05B | 1.71B | 1.84B | 2.78B | |
| Net income | -192.2M | -636.6M | -304.2M | 897.1M | |
| Diluted EPS | -1.14 | -5.9 | -3.66 | 3.13 | |
| Net profit margin | -9.36% | -37.33% | -16.51% | 32.31% | |
| Operating income | -668M | -235.9M | -132M | 929.3M | |
| Net change in cash | -177.9M | -170.3M | -714.3M | 1.04B | |
| Cash on hand | 97.2M | 275.1M | 445.4M | 1.16B | |
| Cost of revenue | 1.81B | 1.32B | 1.19B |
Financial data from Valaris earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|
| 15 Jun 20 | Keith O Rattie | Class A Ordinary Shares | Payment of exercise | Dispose F | No | 1.01 | 261 | 263.61 | 42,880 |
| 15 Jun 20 | Keith O Rattie | Restricted Share Units Class A Ordinary Shares | Sale back to company | Dispose D | No | 0 | 2,533 | 0 | 0 |
| 15 Jun 20 | Keith O Rattie | Class A Ordinary Shares | Option exercise | Aquire M | No | 0 | 2,533 | 0 | 43,141 |
| 3 Jun 20 | Keith O Rattie | Class A Ordinary Shares | Payment of exercise | Dispose F | No | 0.35 | 2,350 | 822.5 | 40,608 |
| 3 Jun 20 | Keith O Rattie | Class A Ordinary Shares | Option exercise | Aquire M | No | 0 | 22,806 | 0 | 42,958 |
| 3 Jun 20 | Keith O Rattie | Restricted Share Units Class A Ordinary Shares | Sale back to company | Dispose D | No | 0 | 22,806 | 0 | 0 |
| 3 Jun 20 | Colleen Grable | Class A Ordinary Shares | Payment of exercise | Dispose F | No | 0.35 | 741 | 259.35 | 4,285 |
| 3 Jun 20 | Francis Mary | Restricted Share Units Class A Ordinary Shares | Sale back to company | Dispose D | No | 0 | 22,806 | 0 | 0 |
| 3 Jun 20 | Colleen Grable | Restricted Share Units Class A Ordinary Shares | Sale back to company | Dispose D | No | 0 | 3,041 | 0 | 6,082 |
| 3 Jun 20 | Suzanne P Nimocks | Class A Ordinary Shares | Payment of exercise | Dispose F | No | 0.35 | 2,350 | 822.5 | 39,576 |
Institutional ownership Q1 2020
83.4% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 171 |
| Opened positions | 29 |
| Closed positions | 61 |
| Increased positions | 39 |
| Reduced positions | 50 |
13F shares |
Current |
|---|---|
| Total value | 85.2M |
| Total shares | 171.76M |
| Total puts | 12.51M |
| Total calls | 2.2M |
| Total put/call ratio | 5.7 |
Largest owners |
Shares | Value |
|---|---|---|
| Luminus Management | 36.98M | $16.65M |
| Vanguard | 21.48M | $9.67M |
| BLK BlackRock | 20.67M | $9.3M |
| Contrarius Investment Management | 19.27M | $8.67M |
| Dimensional Fund Advisors | 9.17M | $4.13M |
| Shah Capital Management | 7.7M | $3.47M |
| Odey Asset Management | 6.64M | $2.99M |
| STT State Street | 4.6M | $2.07M |
| PZN Pzena Investment Management | 4.26M | $1.92M |
| Millennium Management | 4.07M | $1.83M |
Financial report summary
?Competition
Atwood Oceanics
Content analysis
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| Legalese | ||
| Litigous | ||
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H.S. sophomore Avg
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New words:
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Removed:
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Financial reports
10-Q
2020 Q2
Quarterly report
30 Apr 20
10-K
2019 FY
Annual report
21 Feb 20
10-Q
2019 Q3
Quarterly report
31 Oct 19
10-Q
2019 Q2
Quarterly report
1 Aug 19
10-Q
2019 Q1
Quarterly report
2 May 19
10-K
2018 FY
Annual report
28 Feb 19
10-Q
2018 Q3
Quarterly report
30 Oct 18
10-Q
2018 Q2
Quarterly report
26 Jul 18
10-Q
2018 Q1
Quarterly report
26 Apr 18
10-K
2017 FY
Annual report
27 Feb 18
Current reports
8-K
Entry into a Material Definitive Agreement
30 Jun 20
8-K
Submission of Matters to a Vote of Security Holders
15 Jun 20
8-K
Regulation FD Disclosure
15 Jun 20
8-K
Entry into a Material Definitive Agreement
1 Jun 20
8-K
Departure of Directors or Certain Officers
11 May 20
8-K
Departure of Directors or Certain Officers
6 May 20
8-K
Valaris plc Reports First Quarter 2020 Results
30 Apr 20
8-K
Fleet Status Report
23 Apr 20
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
21 Apr 20
8-K
Other Events
10 Mar 20
Registration and prospectus
S-8 POS
Registration of securities for employees (post-effective amendment)
4 May 20
S-8 POS
Registration of securities for employees (post-effective amendment)
4 May 20
8-A12B
Registration of securities on exchange
25 Feb 20
S-8
Registration of securities for employees
11 Apr 19
S-8
Registration of securities for employees
23 May 18
8-A12B
Registration of securities on exchange
26 Jan 18
424B2
Prospectus for primary offering
16 Jan 18
FWP
Free writing prospectus
12 Jan 18
FWP
Free writing prospectus
12 Jan 18
424B5
Prospectus supplement for primary offering
10 Jan 18
Proxies
DEFA14A
Additional proxy soliciting materials
26 May 20
DEFA14A
Additional proxy soliciting materials
8 May 20
DEFA14A
Additional proxy soliciting materials
27 Apr 20
DEF 14A
Definitive proxy
27 Apr 20
DEFA14A
Additional proxy soliciting materials
27 Jan 20
DEFA14A
Additional proxy soliciting materials
5 Dec 19
DFAN14A
Additional proxy materials by non-management
4 Dec 19
DEFA14A
Additional proxy soliciting materials
4 Dec 19
DEFA14A
Additional proxy soliciting materials
26 Nov 19
DEFA14A
Additional proxy soliciting materials
12 Nov 19
Other
EFFECT
Notice of effectiveness
18 Aug 17
UPLOAD
Letter from SEC
18 Aug 17
CORRESP
Correspondence with SEC
16 Aug 17
CORRESP
Correspondence with SEC
8 Aug 17
UPLOAD
Letter from SEC
3 Aug 17
CORRESP
Correspondence with SEC
20 Jul 17
UPLOAD
Letter from SEC
14 Jul 17
CERTNYS
Certification of approval for NYSE listing
6 Apr 17
EFFECT
Notice of effectiveness
13 Feb 17
CORRESP
Correspondence with SEC
9 Feb 17
Ownership
4
Valaris / KEITH O RATTIE ownership change
17 Jun 20
SC 13G
Valaris / AZVALOR ASSET MANAGEMENT SGIIC ownership change
10 Jun 20
4
Valaris / CHARLES L SZEWS ownership change
5 Jun 20
4
Valaris / Suzanne P Nimocks ownership change
5 Jun 20
4
Valaris / Mary Francis ownership change
5 Jun 20
4
Valaris / PAUL E ROWSEY III ownership change
5 Jun 20
4
Valaris / Colleen Grable ownership change
5 Jun 20
4
Valaris / KEITH O RATTIE ownership change
5 Jun 20
4
Valaris / KEITH O RATTIE ownership change
3 Jun 20
4
Valaris / Mary Francis ownership change
3 Jun 20
Patents
APP
Utility
Vertical Lift Rotary Table
18 Jun 20
A system, includes a movable platform slidingly coupled to one or more supports and configured to be selectively moved towards a drill floor and away from the drill floor.
GRANT
Utility
Removable drill floor
2 Jun 20
Techniques and systems to remove a portion of a drill floor from an offshore vessel.
GRANT
Utility
Pipe retaining structure
2 Jun 20
A device includes a base configured to be coupled to a storage segment of a pipe support assembly.
GRANT
Utility
System and method for remote crane operations on offshore unit
19 May 20
A system and computer-implemented method is used for operating a crane on an offshore unit on which entities (e.g., personnel and/or equipment) operate.
APP
Utility
Expandable Fairing of Weathervaning Riser Joint
30 Apr 20
Techniques and systems to reduce deflection of a riser extending from an offshore vessel.