Analysts Set Venture Global, Inc. (NYSE:VG) PT at $14.57

Shares of Venture Global, Inc. (NYSE:VGGet Free Report) have been given a consensus recommendation of “Hold” by the seventeen brokerages that are covering the stock, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $15.70.

VG has been the subject of a number of research reports. Raymond James Financial reiterated an “outperform” rating and issued a $13.00 price objective on shares of Venture Global in a report on Thursday, March 5th. Bank of America upped their target price on shares of Venture Global from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Wells Fargo & Company increased their price target on shares of Venture Global from $10.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Wednesday. New Street Research set a $15.00 price target on shares of Venture Global in a research report on Tuesday, March 3rd. Finally, Weiss Ratings raised shares of Venture Global from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, March 18th.

Check Out Our Latest Report on VG

Venture Global Stock Up 4.1%

VG stock opened at $17.51 on Wednesday. Venture Global has a fifty-two week low of $5.72 and a fifty-two week high of $19.50. The company has a market capitalization of $43.01 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 1.48 and a beta of 5.70. The business’s 50 day moving average price is $11.14 and its two-hundred day moving average price is $9.85. The company has a debt-to-equity ratio of 3.24, a quick ratio of 0.87 and a current ratio of 0.93.

Venture Global (NYSE:VGGet Free Report) last released its earnings results on Monday, March 2nd. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.06. Venture Global had a return on equity of 27.96% and a net margin of 18.38%.The company had revenue of $4.45 billion during the quarter. The business’s revenue was up 191.7% on a year-over-year basis. As a group, analysts forecast that Venture Global will post 0.52 earnings per share for the current fiscal year.

Venture Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be given a $0.018 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.4%. This is an increase from Venture Global’s previous quarterly dividend of $0.02. Venture Global’s payout ratio is presently 8.14%.

Insider Buying and Selling

In other Venture Global news, VP Fory Musser sold 1,000,000 shares of Venture Global stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $10.90, for a total transaction of $10,900,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Sarah Blake sold 200,000 shares of the business’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $16.00, for a total value of $3,200,000.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 5,872,223 shares of company stock worth $82,002,870. 86.73% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Venture Global

Large investors have recently modified their holdings of the stock. Quotient Wealth Partners LLC bought a new stake in Venture Global during the 3rd quarter valued at about $3,641,000. WINTON GROUP Ltd bought a new position in shares of Venture Global in the third quarter worth approximately $13,632,000. Russell Investments Group Ltd. lifted its stake in shares of Venture Global by 61.1% in the second quarter. Russell Investments Group Ltd. now owns 616,643 shares of the company’s stock worth $9,607,000 after buying an additional 233,978 shares in the last quarter. Ausbil Investment Management Ltd purchased a new stake in shares of Venture Global during the third quarter valued at approximately $4,706,000. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Venture Global by 223.7% during the third quarter. Exchange Traded Concepts LLC now owns 562,760 shares of the company’s stock valued at $7,986,000 after buying an additional 388,892 shares during the last quarter.

Key Headlines Impacting Venture Global

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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