Venture Global, Inc. (NYSE:VG) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Venture Global, Inc. (NYSE:VG) have earned an average recommendation of “Moderate Buy” from the eighteen research firms that are currently covering the stock, Marketbeat reports. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $16.0625.

Several equities research analysts have weighed in on VG shares. Scotiabank raised their price target on Venture Global from $13.00 to $15.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 13th. Mizuho upped their target price on Venture Global from $13.00 to $15.00 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. Citigroup upgraded shares of Venture Global from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $12.00 to $17.00 in a research note on Wednesday, May 13th. JPMorgan Chase & Co. upgraded Venture Global from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $16.00 to $17.00 in a research report on Thursday, June 4th. Finally, The Goldman Sachs Group set a $18.00 target price on shares of Venture Global in a research report on Thursday, May 14th.

Venture Global Stock Performance

Shares of VG stock opened at $13.11 on Tuesday. The firm has a market cap of $32.58 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 0.60 and a beta of 0.22. The company has a quick ratio of 0.80, a current ratio of 0.87 and a debt-to-equity ratio of 3.40. Venture Global has a 52-week low of $5.72 and a 52-week high of $17.62. The company’s 50 day moving average is $12.40 and its 200 day moving average is $12.12.

Venture Global (NYSE:VG) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter. The firm’s quarterly revenue was up 58.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Venture Global will post 1.51 EPS for the current fiscal year.

Venture Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a $0.018 dividend. This represents a $0.07 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, June 15th. Venture Global’s dividend payout ratio is presently 7.78%.

Insiders Place Their Bets

In other Venture Global news, insider Thomas Earl sold 1,000,000 shares of Venture Global stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $12.44, for a total value of $12,440,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Fory Musser sold 233,735 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $12.61, for a total value of $2,947,398.35. The disclosure for this sale is available in the SEC filing. Insiders sold 4,459,399 shares of company stock worth $58,670,384 in the last three months. 84.24% of the stock is owned by insiders.

Institutional Investors Weigh In On Venture Global

Institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in Venture Global in the 2nd quarter valued at approximately $26,000. LRI Investments LLC purchased a new stake in shares of Venture Global in the 2nd quarter valued at $28,000. Blue Trust Inc. raised its holdings in shares of Venture Global by 1,750.0% in the 4th quarter. Blue Trust Inc. now owns 3,700 shares of the company’s stock valued at $25,000 after buying an additional 3,500 shares during the period. Harbour Investments Inc. acquired a new position in Venture Global during the 4th quarter worth about $29,000. Finally, Rockefeller Capital Management L.P. boosted its holdings in Venture Global by 218.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,421 shares of the company’s stock valued at $30,000 after acquiring an additional 3,031 shares during the period.

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.