Venture Global, Inc. (NYSE:VG) Receives $13.57 Average Target Price from Analysts

Venture Global, Inc. (NYSE:VG) has earned a consensus recommendation of “Hold” from the seventeen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $13.1071.

VG has been the topic of a number of recent research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Venture Global in a report on Monday, December 29th. Wells Fargo & Company set a $8.00 target price on shares of Venture Global in a report on Monday, December 15th. Scotiabank set a $9.00 price objective on shares of Venture Global in a research report on Friday, January 16th. JPMorgan Chase & Co. downgraded Venture Global from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $10.00 to $11.00 in a research note on Tuesday, January 27th. Finally, Citigroup decreased their target price on Venture Global from $16.00 to $9.00 and set a “neutral” rating for the company in a research note on Monday, November 24th.

Insider Buying and Selling

In other Venture Global news, VP Fory Musser sold 42,901 shares of the stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $7.80, for a total transaction of $334,627.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas Earl sold 1,000,000 shares of the company’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $6.89, for a total value of $6,890,000.00. The disclosure for this sale is available in the SEC filing. Insiders sold 3,000,000 shares of company stock valued at $22,904,729 over the last 90 days. 86.73% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Venture Global

Several hedge funds have recently made changes to their positions in the business. Summit Financial Wealth Advisors LLC grew its holdings in shares of Venture Global by 8.8% in the 4th quarter. Summit Financial Wealth Advisors LLC now owns 14,336 shares of the company’s stock worth $98,000 after acquiring an additional 1,161 shares during the last quarter. CWM LLC boosted its position in shares of Venture Global by 24.1% in the 4th quarter. CWM LLC now owns 7,014 shares of the company’s stock valued at $48,000 after purchasing an additional 1,363 shares during the period. American Financial Group Inc. increased its stake in Venture Global by 14.3% in the 3rd quarter. American Financial Group Inc. now owns 12,000 shares of the company’s stock worth $170,000 after purchasing an additional 1,500 shares in the last quarter. Amplify Investments LLC raised its holdings in Venture Global by 21.4% during the 4th quarter. Amplify Investments LLC now owns 9,112 shares of the company’s stock worth $62,000 after buying an additional 1,608 shares during the period. Finally, Quotient Wealth Partners LLC lifted its stake in Venture Global by 0.6% during the fourth quarter. Quotient Wealth Partners LLC now owns 258,287 shares of the company’s stock valued at $1,762,000 after buying an additional 1,664 shares in the last quarter.

Venture Global Stock Up 6.7%

Shares of Venture Global stock opened at $9.94 on Tuesday. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.77 and a current ratio of 0.83. The company has a market cap of $24.33 billion and a P/E ratio of 12.74. Venture Global has a one year low of $5.72 and a one year high of $19.50. The firm has a fifty day moving average of $7.63 and a two-hundred day moving average of $10.23.

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

Venture Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were issued a dividend of $0.017 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.07 annualized dividend and a yield of 0.7%. Venture Global’s payout ratio is presently 8.97%.

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.