Venture Global (NYSE:VG) Downgraded by StockNews.com to “Sell”

StockNews.com downgraded shares of Venture Global (NYSE:VG) from a hold rating to a sell rating in a research note released on Saturday.

Several other equities analysts have also commented on VG. Mizuho reduced their price target on Venture Global from $25.00 to $18.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft began coverage on shares of Venture Global in a research note on Tuesday, February 18th. They issued a “buy” rating and a $19.00 target price for the company. Guggenheim dropped their price target on shares of Venture Global from $27.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, March 10th. Wells Fargo & Company cut their price objective on shares of Venture Global from $18.00 to $11.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 11th. Finally, Citigroup lowered their target price on Venture Global from $18.00 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $17.55.

Venture Global Stock Performance

Venture Global stock opened at $11.21 on Friday. Venture Global has a 52-week low of $8.62 and a 52-week high of $25.50.

Venture Global (NYSE:VG) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. The company had revenue of $1.52 billion during the quarter. As a group, equities research analysts predict that Venture Global will post 0.52 EPS for the current fiscal year.

Venture Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a $0.0165 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.07 dividend on an annualized basis and a yield of 0.59%.

Insider Buying and Selling at Venture Global

In other Venture Global news, Director Jimmy D. Staton bought 49,000 shares of the stock in a transaction on Tuesday, March 11th. The stock was purchased at an average price of $10.13 per share, for a total transaction of $496,370.00. Following the completion of the purchase, the director now directly owns 49,000 shares in the company, valued at approximately $496,370. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert B. Pender bought 250,000 shares of the company’s stock in a transaction on Monday, March 10th. The shares were acquired at an average cost of $9.37 per share, for a total transaction of $2,342,500.00. Following the completion of the acquisition, the insider now directly owns 250,000 shares of the company’s stock, valued at $2,342,500. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have bought 803,000 shares of company stock worth $8,108,260 over the last quarter. 4.72% of the stock is owned by corporate insiders.

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.