Venture Global (NYSE:VG) Stock Rating Lowered by Zacks Research

Venture Global (NYSE:VG) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday, Zacks reports.

Several other brokerages have also issued reports on VG. Sanford C. Bernstein initiated coverage on Venture Global in a research note on Tuesday, June 16th. They issued a “market perform” rating and a $14.00 price target on the stock. Scotiabank lifted their price objective on shares of Venture Global from $15.00 to $16.00 and gave the company a “sector perform” rating in a research note on Thursday, September 10th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Venture Global in a research report on Wednesday, October 7th. The Goldman Sachs Group reissued a “buy” rating on shares of Venture Global in a research note on Friday. Finally, Mizuho raised their price target on shares of Venture Global from $13.00 to $15.00 and gave the stock a “neutral” rating in a report on Wednesday, July 22nd. Eight analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Venture Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.13.

Venture Global Stock Performance

VG stock opened at $13.85 on Monday. The firm has a market cap of $34.61 billion, a PE ratio of 10.90, a price-to-earnings-growth ratio of 1.58 and a beta of 0.35. The company has a current ratio of 1.19, a quick ratio of 1.11 and a debt-to-equity ratio of 3.44. The stock has a 50-day moving average price of $13.91 and a 200-day moving average price of $13.26. Venture Global has a 1-year low of $5.72 and a 1-year high of $17.62.

Venture Global (NYSE:VG) last announced its earnings results on Monday, August 10th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.50 by $0.01. Venture Global had a return on equity of 34.08% and a net margin of 21.24%. The company had revenue of $4.58 billion for the quarter. As a group, equities research analysts expect that Venture Global will post 1.73 earnings per share for the current year.

Insider Transactions at Venture Global

In other news, COO Brian Cothran sold 152,660 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $16.15, for a total transaction of $2,465,459.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Jonathan Thayer sold 111,111 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $14.40, for a total value of $1,599,998.40. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 2,493,553 shares of company stock valued at $35,242,247. Company insiders own 84.24% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. LRI Investments LLC bought a new stake in Venture Global during the second quarter worth $28,000. Rockefeller Capital Management L.P. lifted its stake 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 in the last quarter. IFP Advisors Inc bought a new position in Venture Global during the 2nd quarter valued at $31,000. AdvisorNet Financial Inc lifted its stake in Venture Global by 67.5% during the 1st quarter. AdvisorNet Financial Inc now owns 4,480 shares of the company’s stock valued at $71,000 after acquiring an additional 1,805 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in Venture Global by 17,041.2% during the 1st quarter. Fifth Third Bancorp now owns 5,828 shares of the company’s stock worth $92,000 after acquiring an additional 5,794 shares during the last quarter.

Venture Global Company Profile

Venture Global, Inc (NYSE:VG) is a U.S. liquefied natural gas (LNG) company that develops, constructs, owns and operates LNG export facilities. The company’s business includes sourcing natural gas, processing and liquefying it, and delivering LNG to customers in international energy markets.

Venture Global’s principal operations are located along the U.S. Gulf Coast in Louisiana. Its Calcasieu Pass LNG facility began producing LNG in 2022, and the company is also developing the Plaquemines LNG facility near Port Sulphur, Louisiana.