Venture Global, Inc.’s Quiet Period Will Expire on March 5th (NYSE:VG)

Venture Global’s (NYSE:VG) quiet period will expire on Wednesday, March 5th. Venture Global had issued 70,000,000 shares in its public offering on January 24th. The total size of the offering was $1,750,000,000 based on an initial share price of $25.00. During the company’s quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analysts Set New Price Targets

Several analysts have recently weighed in on VG shares. JPMorgan Chase & Co. started coverage on Venture Global in a research note on Tuesday, February 18th. They set an “overweight” rating and a $25.00 target price for the company. Wells Fargo & Company started coverage on Venture Global in a research note on Tuesday, February 18th. They set an “equal weight” rating and a $18.00 target price for the company. Guggenheim started coverage on Venture Global in a research note on Tuesday, February 18th. They issued a “buy” rating and a $27.00 price target for the company. Deutsche Bank Aktiengesellschaft started coverage on Venture Global in a research note on Tuesday, February 18th. They issued a “buy” rating and a $19.00 price target for the company. Finally, Scotiabank started coverage on Venture Global in a research note on Tuesday, February 18th. They issued a “sector perform” rating and a $17.00 price target for the company. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.91.

Venture Global Trading Up 1.9 %

NYSE VG traded up $0.27 on Friday, hitting $14.19. 331,050 shares of the stock were exchanged, compared to its average volume of 7,611,341. Venture Global has a 52-week low of $13.73 and a 52-week high of $25.50.

About Venture Global

Venture Global has fundamentally reshaped the development and construction of liquefied natural gas production, establishing us as a rapidly growing company delivering critical LNG to the world. Our innovative and disruptive approach, which is both scalable and repeatable, allows us to bring LNG to a global market years faster and at a lower cost.