Venture Global (NYSE:VG) Rating Increased to Hold at US Capital Advisors

Venture Global (NYSE:VG) was upgraded by research analysts at US Capital Advisors from a “moderate sell” rating to a “hold” rating in a research note issued on Friday,Zacks.com reports.

Several other research analysts also recently commented on VG. Mizuho increased their price objective on Venture Global from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Raymond James Financial reiterated an “outperform” rating and set a $16.00 price target on shares of Venture Global in a report on Wednesday, May 20th. Wall Street Zen raised Venture Global from a “sell” rating to a “hold” rating in a research report on Sunday, March 22nd. Scotiabank raised their price objective on Venture Global from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 13th. Finally, Bank of America lifted their target price on Venture Global from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Nine investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $16.25.

Venture Global Trading Down 4.0%

Shares of NYSE:VG opened at $12.04 on Friday. Venture Global has a 1 year low of $5.72 and a 1 year high of $19.50. The firm has a market capitalization of $29.91 billion, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 0.57 and a beta of 0.44. The company has a debt-to-equity ratio of 3.40, a current ratio of 0.87 and a quick ratio of 0.80. The business’s 50 day moving average price is $13.66 and its 200-day moving average price is $10.36.

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

Insiders Place Their Bets

In other news, COO Brian Cothran sold 473,533 shares of Venture Global stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $14.81, for a total value of $7,013,023.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Sarah Blake sold 300,000 shares of the business’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 value of $3,555,000.00. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 10,331,623 shares of company stock worth $140,465,488. Corporate insiders own 84.24% of the company’s stock.

Institutional Investors Weigh In On Venture Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. purchased a new stake in Venture Global in the second quarter valued at approximately $26,000. MAI Capital Management purchased a new stake in Venture Global in the third quarter valued at approximately $29,000. UMB Bank n.a. lifted its stake in Venture Global by 161.2% in the third quarter. UMB Bank n.a. now owns 2,949 shares of the company’s stock valued at $42,000 after buying an additional 1,820 shares during the last quarter. Blue Trust Inc. lifted its stake in Venture Global by 1,750.0% in the fourth quarter. Blue Trust Inc. now owns 3,700 shares of the company’s stock valued at $25,000 after buying an additional 3,500 shares during the last quarter. Finally, Harbour Investments Inc. purchased a new stake in Venture Global in the fourth quarter valued at approximately $29,000.

About Venture Global

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.