Venture Global (NYSE:VG) Rating Increased to Moderate Sell at US Capital Advisors

Venture Global (NYSE:VG) was upgraded by equities research analysts at US Capital Advisors to a “moderate sell” rating in a report issued on Monday,Zacks.com reports.

A number of other research firms have also recently issued reports on VG. Scotiabank cut their price target on Venture Global from $13.00 to $12.00 and set a “sector perform” rating on the stock in a report on Thursday, November 13th. JPMorgan Chase & Co. dropped their target price on shares of Venture Global from $16.00 to $10.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Bank of America reduced their target price on Venture Global from $15.00 to $11.00 and set a “buy” rating for the company in a research note on Thursday, December 11th. Deutsche Bank Aktiengesellschaft raised Venture Global from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Thursday, August 28th. Finally, Mizuho reaffirmed a “neutral” rating and set a $12.00 price target (down from $17.00) on shares of Venture Global in a research note on Friday, October 10th. Eight analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Venture Global currently has a consensus rating of “Hold” and a consensus target price of $14.25.

Venture Global Stock Performance

Shares of Venture Global stock opened at $5.92 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.77 and a debt-to-equity ratio of 3.46. The business has a 50-day moving average price of $8.21 and a two-hundred day moving average price of $12.41. Venture Global has a 1-year low of $5.87 and a 1-year high of $25.50. The company has a market cap of $14.48 billion and a P/E ratio of 7.58.

Venture Global (NYSE:VG) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). Venture Global had a net margin of 21.99% and a return on equity of 29.55%. The business had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.23 billion. Venture Global’s revenue for the quarter was up 259.5% on a year-over-year basis. As a group, analysts anticipate that Venture Global will post 0.52 EPS for the current year.

Insider Transactions at Venture Global

In related news, insider Thomas Earl sold 1,000,000 shares of Venture Global stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $6.89, for a total transaction of $6,890,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Fory Musser sold 776,298 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $8.06, for a total value of $6,256,961.88. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,000,000 shares of company stock valued at $22,904,729 in the last quarter. Company insiders own 86.73% of the company’s stock.

Institutional Trading of Venture Global

Several institutional investors have recently made changes to their positions in the company. Second Line Capital LLC bought a new position in shares of Venture Global during the third quarter valued at about $152,000. Adalta Capital Management LLC boosted its stake in shares of Venture Global by 180.9% in the 3rd quarter. Adalta Capital Management LLC now owns 16,575 shares of the company’s stock worth $235,000 after buying an additional 10,675 shares during the last quarter. Williams Jones Wealth Management LLC. bought a new position in shares of Venture Global in the third quarter valued at approximately $220,000. PharVision Advisers LLC purchased a new stake in shares of Venture Global during the third quarter valued at approximately $182,000. Finally, Dark Forest Capital Management LP lifted its holdings in Venture Global by 155.6% during the third quarter. Dark Forest Capital Management LP now owns 228,119 shares of the company’s stock worth $3,237,000 after acquiring an additional 138,879 shares during the period.

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.