Venture Global, Inc. (NYSE:VG) Given Average Recommendation of “Hold” by Analysts

Venture Global, Inc. (NYSE:VG) has been assigned an average rating of “Hold” from the thirteen analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $16.69.

VG has been the subject of a number of research analyst reports. Bank of America lifted their price target on shares of Venture Global from $12.00 to $18.50 and gave the stock a “buy” rating in a research note on Wednesday, June 25th. The Goldman Sachs Group lowered their price target on shares of Venture Global from $20.00 to $17.50 and set a “buy” rating on the stock in a report on Wednesday, May 14th. Wells Fargo & Company reissued a “reduce” rating on shares of Venture Global in a report on Wednesday, May 14th. Deutsche Bank Aktiengesellschaft downgraded shares of Venture Global from a “buy” rating to a “hold” rating and set a $17.00 target price on the stock. in a report on Monday. Finally, Wall Street Zen upgraded shares of Venture Global from a “sell” rating to a “hold” rating in a research report on Saturday, June 28th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of VG. Exchange Traded Concepts LLC purchased a new stake in Venture Global during the first quarter worth about $1,316,000. Forefront Wealth Management Inc. acquired a new stake in shares of Venture Global during the first quarter worth $938,000. KG&L Capital Management LLC acquired a new stake in shares of Venture Global during the first quarter worth $359,000. Catalyst Capital Advisors LLC purchased a new position in Venture Global in the first quarter worth $14,285,000. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of Venture Global in the first quarter valued at $247,000.

Venture Global Price Performance

Shares of VG opened at $16.33 on Friday. The company has a debt-to-equity ratio of 3.49, a current ratio of 1.73 and a quick ratio of 1.67. The firm’s fifty day moving average price is $14.34. Venture Global has a twelve month low of $6.75 and a twelve month high of $25.50.

Venture Global (NYSE:VG) last posted its 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. On average, equities research analysts predict that Venture Global will post 0.52 EPS for the current year.

Venture Global Dividend Announcement

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

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.