Sanford C. Bernstein Upgrades Venture Global (NYSE:VG) to Hold

Venture Global (NYSE:VG) was upgraded by Sanford C. Bernstein to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

VG has been the subject of several other research reports. The Goldman Sachs Group set a $18.00 price objective on Venture Global in a report on Thursday, May 14th. Raymond James Financial reissued an “outperform” rating and set a $16.00 price objective on shares of Venture Global in a report on Wednesday, May 20th. Bank of America boosted their price objective on Venture Global from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, March 20th. US Capital Advisors set a $13.00 price objective on Venture Global in a report on Friday, May 29th. Finally, New Street Research set a $15.00 price objective on Venture Global in a report on Tuesday, March 3rd. Nine investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Venture Global has a consensus rating of “Moderate Buy” and a consensus price target of $15.94.

Venture Global Stock Down 0.4%

VG stock opened at $11.05 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 0.87 and a debt-to-equity ratio of 3.40. The firm has a market capitalization of $27.44 billion, a PE ratio of 12.27, a PEG ratio of 0.48 and a beta of 0.27. Venture Global has a twelve month low of $5.72 and a twelve month high of $19.50. The stock has a 50-day simple moving average of $12.77 and a two-hundred day simple moving average of $10.83.

Venture Global (NYSE:VG) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.12 by $0.07. Venture Global had a return on equity of 26.90% and a net margin of 16.94%.The company had revenue of $4.60 billion during the quarter. Venture Global’s revenue for the quarter was up 58.9% compared to the same quarter last year. On average, equities analysts predict that Venture Global will post 1.46 EPS for the current fiscal year.

Insider Transactions at Venture Global

In other Venture Global news, COO Brian Cothran sold 31,910 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $14.33, for a total value of $457,270.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jonathan W. Thayer sold 111,111 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $14.27, for a total value of $1,585,553.97. The disclosure for this sale is available in the SEC filing. Insiders sold 4,459,400 shares of company stock worth $58,462,618 in the last three months. Corporate insiders own 84.24% of the company’s stock.

Institutional Trading of Venture Global

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Kestra Private Wealth Services LLC boosted its stake in Venture Global by 8.8% in the first quarter. Kestra Private Wealth Services LLC now owns 12,429 shares of the company’s stock worth $196,000 after buying an additional 1,004 shares in the last quarter. Summit Financial Wealth Advisors LLC boosted its stake in Venture Global by 8.8% in the fourth quarter. Summit Financial Wealth Advisors LLC now owns 14,336 shares of the company’s stock worth $98,000 after buying an additional 1,161 shares in the last quarter. Federation des caisses Desjardins du Quebec lifted its position in Venture Global by 11.0% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 12,254 shares of the company’s stock valued at $84,000 after purchasing an additional 1,215 shares during the last quarter. CWM LLC lifted its position in Venture Global by 24.1% in the fourth quarter. CWM LLC now owns 7,014 shares of the company’s stock valued at $48,000 after purchasing an additional 1,363 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in Venture Global by 1.5% in the fourth quarter. Wells Fargo & Company MN now owns 93,615 shares of the company’s stock valued at $638,000 after purchasing an additional 1,407 shares during the last quarter.

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.