Venture Global (NYSE:VG) Price Target Raised to $18.50 at The Goldman Sachs Group

Venture Global (NYSE:VGGet Free Report) had its target price raised by research analysts at The Goldman Sachs Group from $15.00 to $18.50 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s target price points to a potential upside of 7.53% from the stock’s current price.

A number of other brokerages have also weighed in on VG. US Capital Advisors upgraded shares of Venture Global to a “moderate sell” rating in a report on Monday, December 15th. Citigroup upped their target price on shares of Venture Global from $9.00 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 4th. JPMorgan Chase & Co. lowered shares of Venture Global from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $10.00 to $11.00 in a research report on Tuesday, January 27th. Raymond James Financial reiterated an “outperform” rating and issued a $13.00 price target on shares of Venture Global in a report on Thursday, March 5th. Finally, Scotiabank increased their price objective on Venture Global from $9.00 to $11.00 and gave the stock a “sector perform” rating in a research note on Tuesday, March 17th. Eight research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $14.57.

Read Our Latest Stock Analysis on Venture Global

Venture Global Trading Up 8.9%

Venture Global stock traded up $1.41 during mid-day trading on Tuesday, hitting $17.21. The company’s stock had a trading volume of 32,558,905 shares, compared to its average volume of 19,916,135. The company has a debt-to-equity ratio of 3.24, a quick ratio of 0.87 and a current ratio of 0.93. The company has a 50 day moving average of $10.44 and a 200-day moving average of $9.70. Venture Global has a one year low of $5.72 and a one year high of $19.50. The stock has a market cap of $42.12 billion, a PE ratio of 20.03 and a beta of 5.70.

Venture Global (NYSE:VGGet Free Report) last released its earnings results on Monday, March 2nd. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.06. The business had revenue of $4.45 billion during the quarter. Venture Global had a return on equity of 27.96% and a net margin of 18.38%.The company’s revenue for the quarter was up 191.7% compared to the same quarter last year. On average, research analysts anticipate that Venture Global will post 0.52 EPS for the current year.

Insider Buying and Selling at Venture Global

In other news, insider Thomas Earl sold 1,000,000 shares of the business’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $11.83, for a total value of $11,830,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Sarah Blake sold 300,000 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $11.85, for a total transaction of $3,555,000.00. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 5,872,223 shares of company stock worth $82,002,870. Company insiders own 86.73% of the company’s stock.

Institutional Trading of Venture Global

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Venture Global by 147.4% in the 3rd quarter. Vanguard Group Inc. now owns 22,862,372 shares of the company’s stock valued at $324,417,000 after acquiring an additional 13,620,863 shares during the period. UBS Group AG boosted its position in Venture Global by 520.8% during the fourth quarter. UBS Group AG now owns 6,279,598 shares of the company’s stock valued at $42,827,000 after purchasing an additional 5,268,053 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Venture Global in the second quarter valued at about $76,489,000. State Street Corp grew its stake in Venture Global by 82.7% in the fourth quarter. State Street Corp now owns 10,812,233 shares of the company’s stock valued at $73,739,000 after purchasing an additional 4,893,707 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in Venture Global by 258.1% in the fourth quarter. Millennium Management LLC now owns 3,248,477 shares of the company’s stock worth $22,155,000 after purchasing an additional 2,341,253 shares in the last quarter.

Venture Global News Roundup

Here are the key news stories impacting Venture Global this week:

Venture Global Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Venture Global (NYSE:VG)

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