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INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of Valaris plc Investors

Valaris Limited Common Shares (VAL) 
Last valaris limited common shares earnings: 4/29 09:50 pm Check Earnings Report
US:NYSE Investor Relations: investors.sherwin-williams.com
Company Research Source: Business Wire
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Valaris plc (“Valaris” or the “Company”) (NYSE: VAL) investors concerning the Company and its officers’ possible violations of federal securities laws.On April 11, 2019, Ensco plc and Rowan Companies plc combined to form Ensco Rowan plc, which was later renamed Valaris plc.On July 31, 2019, the Company announced its second quarter 2019 financial results, its first earnings report since the merger, which missed market expectations. As noted by Seeking Alpha in an article published on August 2, 2019, Valaris’ results “shock[ed] investors with massive cash usage [and] . . . surprisingly weak outlook for the ultra-deepwater segment with further dayrate recovery likely delayed until at least the second half of next year.”On this news, Valaris’ stock price fell $1.50, or over 18%, to close at $6.77 on August 1, 2019, thereby injuring investors.If you purchased Valaris securities, have Show less Read more
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