Venture Global, Inc. Declares Quarterly Dividend of $0.02 (NYSE:VG)

Venture Global, Inc. (NYSE:VG) announced a quarterly dividend on Tuesday, June 2nd. Investors of record on Monday, June 15th will be given a dividend of 0.018 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, June 15th.

Venture Global Stock Down 2.4%

NYSE VG opened at $12.38 on Wednesday. The company has a debt-to-equity ratio of 3.40, a quick ratio of 0.80 and a current ratio of 0.87. The firm has a 50-day simple moving average of $13.63 and a 200 day simple moving average of $10.41. Venture Global has a twelve month low of $5.72 and a twelve month high of $19.50. The stock has a market cap of $30.76 billion, a PE ratio of 13.76, a PEG ratio of 0.58 and a beta of 0.27.

Venture Global (NYSE:VG) last released its earnings results on Monday, May 11th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.07. Venture Global had a net margin of 16.94% and a return on equity of 26.90%. The business had revenue of $4.60 billion during the quarter. The company’s revenue was up 58.9% compared to the same quarter last year. On average, research analysts forecast that Venture Global will post 1.39 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. New Street Research set a $15.00 price target on shares of Venture Global in a research note on Tuesday, March 3rd. Morgan Stanley raised their price target on shares of Venture Global from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Weiss Ratings upgraded shares of Venture Global from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Raymond James Financial restated an “outperform” rating and set a $16.00 price target on shares of Venture Global in a research note on Wednesday, May 20th. Finally, Scotiabank raised their price target on shares of Venture Global from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 13th. Nine investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, Venture Global has an average rating of “Moderate Buy” and a consensus target price of $16.25.

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.