Venture Global (NYSE:VG) Posts Earnings Results

Venture Global (NYSE:VG) announced its quarterly earnings data on Monday. The company reported $0.41 earnings per share (EPS) for the quarter, FiscalAI reports. Venture Global had a return on equity of 29.55% and a net margin of 21.99%.The company had revenue of $4.45 billion during the quarter.

Venture Global Stock Performance

NYSE VG opened at $9.68 on Monday. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.83 and a quick ratio of 0.77. Venture Global has a 1-year low of $5.72 and a 1-year high of $19.50. The business has a 50 day simple moving average of $8.58 and a two-hundred day simple moving average of $9.70. The stock has a market capitalization of $23.69 billion, a PE ratio of 12.41 and a beta of 5.67.

Wall Street Analysts Forecast Growth

VG has been the topic of several recent analyst reports. US Capital Advisors upgraded shares of Venture Global to a “moderate sell” rating in a research report on Monday, December 15th. Royal Bank Of Canada restated an “outperform” rating and issued a $11.00 price objective on shares of Venture Global in a research report on Wednesday, January 28th. Bank of America cut their target price on Venture Global from $15.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, December 11th. The Goldman Sachs Group reissued a “buy” rating and issued a $17.50 price target on shares of Venture Global in a report on Monday, November 10th. Finally, UBS Group cut their price objective on shares of Venture Global from $18.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, January 22nd. Eight analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $12.77.

Insider Activity at Venture Global

In related news, insider Thomas Earl sold 1,000,000 shares of the firm’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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 86.73% of the company’s stock.

Institutional Investors Weigh In On Venture Global

Several institutional investors have recently modified their holdings of the stock. Summit Financial Wealth Advisors LLC boosted 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 purchasing an additional 1,161 shares during the period. Federation des caisses Desjardins du Quebec lifted its position in Venture Global by 11.0% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 12,254 shares of the company’s stock worth $84,000 after buying an additional 1,215 shares during the last quarter. CWM LLC lifted its position in Venture Global by 24.1% in the fourth quarter. CWM LLC now owns 7,014 shares of the company’s stock worth $48,000 after buying an additional 1,363 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Venture Global by 1.5% during the fourth quarter. Wells Fargo & Company MN now owns 93,615 shares of the company’s stock worth $638,000 after buying an additional 1,407 shares during the period. Finally, American Financial Group Inc. increased its position in Venture Global by 14.3% during the third quarter. American Financial Group Inc. now owns 12,000 shares of the company’s stock valued at $170,000 after acquiring an additional 1,500 shares during the last quarter.

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.