Bank of America Boosts Venture Global (NYSE:VG) Price Target to $16.00

Venture Global (NYSE:VG) had its price target upped by equities researchers at Bank of America from $13.00 to $16.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Bank of America‘s price objective would suggest a potential upside of 3.86% from the company’s previous close.

VG has been the subject of several other research reports. JPMorgan Chase & Co. downgraded shares of Venture Global from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $10.00 to $11.00 in a research report on Tuesday, January 27th. Wells Fargo & Company raised their price objective on shares of Venture Global from $8.00 to $10.00 and gave the company an “equal weight” rating in a research note on Thursday, March 5th. Zacks Research raised Venture Global from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. Scotiabank upped their target price on shares of Venture Global from $9.00 to $11.00 and gave the stock a “sector perform” rating in a research note on Tuesday. Finally, Weiss Ratings raised Venture Global from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. Seven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Venture Global currently has a consensus rating of “Hold” and a consensus price target of $13.57.

Venture Global Stock Up 7.8%

NYSE:VG traded up $1.12 on Friday, hitting $15.41. The stock had a trading volume of 30,213,983 shares, compared to its average volume of 18,351,930. The business’s fifty day moving average is $10.11 and its 200 day moving average is $9.70. The company has a market cap of $37.71 billion, a PE ratio of 18.06 and a beta of 5.70. The company has a quick ratio of 0.87, a current ratio of 0.93 and a debt-to-equity ratio of 3.24. Venture Global has a 52 week low of $5.72 and a 52 week high of $19.50.

Venture Global (NYSE:VG) last released its quarterly earnings data on Monday, March 2nd. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.35 by $0.06. Venture Global had a return on equity of 27.96% and a net margin of 18.38%.The firm had revenue of $4.45 billion during the quarter. The business’s revenue for the quarter was up 191.7% compared to the same quarter last year. On average, equities research analysts expect that Venture Global will post 0.52 EPS for the current fiscal year.

Insider Buying and Selling at Venture Global

In related news, insider Thomas Earl sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $11.83, for a total value of $11,830,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Sarah Blake sold 300,000 shares of Venture Global stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $11.85, for a total transaction of $3,555,000.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 5,872,223 shares of company stock worth $82,002,870 over the last three months. Company insiders own 86.73% of the company’s stock.

Institutional Investors Weigh In On Venture Global

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rockefeller Capital Management L.P. boosted its holdings in shares of Venture Global by 218.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,421 shares of the company’s stock worth $30,000 after acquiring an additional 3,031 shares during the period. Corient Private Wealth LLC bought a new position in Venture Global in the 4th quarter worth about $104,000. Caitong International Asset Management Co. Ltd raised its stake in Venture Global by 1,614.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 33,631 shares of the company’s stock valued at $229,000 after purchasing an additional 31,669 shares in the last quarter. Alpine Global Management LLC bought a new stake in shares of Venture Global during the 4th quarter worth $531,000. Finally, Pacer Advisors Inc. lifted its stake in Venture Global by 53.1% during the fourth quarter. Pacer Advisors Inc. now owns 263,799 shares of the company’s stock worth $1,799,000 after purchasing an additional 91,524 shares during the last quarter.

Key Stories Impacting Venture Global

Here are the key news stories impacting Venture Global this week:

• Positive Sentiment: Analyst upgrade lifted sentiment and contributed to intraday buying pressure. Read More.
• Positive Sentiment: Company reportedly secured a large financing package (~$8.6B) to fund projects, which reduces near‑term funding risk and supports growth plans. Read More.
• Positive Sentiment: Geopolitical supply disruption risk (attacks affecting Qatar LNG) tightened the global LNG supply outlook, boosting the value proposition for U.S. exporters including VG. Read More.
• Positive Sentiment: Coverage notes that the company’s next major LNG project is advancing, underpinning longer‑term revenue potential for contract sales. Read More.
• Neutral Sentiment: Some market commentary flagged the recent sharp intraday moves and suggested earnings/estimate revisions could limit immediate further upside. Read More.
• Negative Sentiment: Substantial insider selling by senior executives (CFO Jonathan Thayer sold multi‑million and multi‑million‑share blocks; CAO Sarah Blake sold 200,000 shares and had earlier sales) is a clear near‑term headwind — it can increase supply in the market and raise investor governance/intent questions. See SEC filings and coverage. Read More. Read More.

Venture Global Company Profile

Venture Global (NYSE: VG) is a Houston-based energy company that develops, constructs and operates large-scale liquefied natural gas (LNG) export facilities in the United States. The company focuses on converting domestically produced natural gas into LNG for shipment to international markets, positioning itself as a supplier of pipeline-quality gas in vessel-ready form for global customers.

Venture Global’s core activities include site development, engineering and construction of liquefaction and export terminals, commissioning and ongoing operations of those facilities, and commercial marketing of LNG under both long-term and short-term contracts.