Venture Global, Inc.’s Lock-Up Period To Expire on July 23rd (NYSE:VG)

Venture Global’s (NYSE:VG) lock-up period is set to expire on Wednesday, July 23rd. Venture Global had issued 70,000,000 shares in its initial public offering on January 24th. The total size of the offering was $1,750,000,000 based on an initial share price of $25.00. After the end of Venture Global’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VG. Royal Bank Of Canada reduced their target price on Venture Global from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Monday, May 5th. Wall Street Zen raised Venture Global from a “sell” rating to a “hold” rating in a research report on Saturday, June 28th. UBS Group downgraded Venture Global from a “buy” rating to a “neutral” rating and increased their price target for the stock from $14.00 to $18.00 in a research report on Thursday, June 12th. Deutsche Bank Aktiengesellschaft downgraded Venture Global from a “buy” rating to a “hold” rating and set a $17.00 price target on the stock. in a research report on Monday. Finally, JPMorgan Chase & Co. cut their price target on Venture Global from $16.00 to $15.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $16.69.

Venture Global Stock Down 1.3%

VG stock opened at $16.56 on Wednesday. The company has a debt-to-equity ratio of 3.49, a quick ratio of 1.67 and a current ratio of 1.73. The firm’s 50 day moving average price is $14.19. Venture Global has a one year low of $6.75 and a one year high of $25.50.

Venture Global (NYSE:VG) last released its quarterly earnings results on Tuesday, May 13th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.08). The firm had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.83 billion. As a group, research analysts expect that Venture Global will post 0.52 earnings per share for the current fiscal year.

Venture Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th were paid a $0.0165 dividend. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $0.07 annualized dividend and a dividend yield of 0.40%.

Hedge Funds Weigh In On Venture Global

Several institutional investors have recently modified their holdings of the business. AdvisorNet Financial Inc acquired a new position in shares of Venture Global during the second quarter worth $28,000. U.S. Capital Wealth Advisors LLC acquired a new position in shares of Venture Global during the second quarter worth $588,000. Redhawk Wealth Advisors Inc. acquired a new position in shares of Venture Global during the second quarter worth $189,000. Exchange Traded Concepts LLC grew its stake in shares of Venture Global by 36.0% during the second quarter. Exchange Traded Concepts LLC now owns 173,868 shares of the company’s stock worth $2,709,000 after purchasing an additional 46,062 shares in the last quarter. Finally, Procyon Advisors LLC acquired a new position in shares of Venture Global during the second quarter worth $248,000.

Venture Global Company Profile

Venture Global has fundamentally reshaped the development and construction of liquefied natural gas production, establishing us as a rapidly growing company delivering critical LNG to the world. Our innovative and disruptive approach, which is both scalable and repeatable, allows us to bring LNG to a global market years faster and at a lower cost.