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

Venture Global, Inc. (NYSE:VG) has earned an average recommendation of “Hold” from the thirteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $16.8462.

Several analysts have recently commented on VG shares. Bank of America raised their target price 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. JPMorgan Chase & Co. raised their target price on shares of Venture Global from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Wall Street Zen upgraded shares of Venture Global from a “sell” rating to a “hold” rating in a research note on Saturday, June 28th. Royal Bank Of Canada reduced their target price on shares of Venture Global from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Monday, May 5th. Finally, Johnson Rice started coverage on shares of Venture Global in a research note on Tuesday, June 17th. They issued a “buy” rating and a $20.00 target price for the company.

Institutional Investors Weigh In On Venture Global

Several institutional investors have recently bought and sold shares of VG. AdvisorNet Financial Inc purchased a new stake in Venture Global during the second quarter worth approximately $28,000. Center for Financial Planning Inc. purchased a new stake in Venture Global during the first quarter worth approximately $37,000. Future Financial Wealth Managment LLC purchased a new stake in Venture Global during the second quarter worth approximately $47,000. ORG Wealth Partners LLC purchased a new stake in Venture Global during the first quarter worth approximately $60,000. Finally, Allworth Financial LP acquired a new position in shares of Venture Global during the second quarter worth $63,000.

Venture Global Stock Down 2.3%

NYSE VG opened at $12.06 on Tuesday. The company has a current ratio of 1.73, a quick ratio of 1.67 and a debt-to-equity ratio of 3.49. The firm has a fifty day moving average of $15.77. Venture Global has a 12 month low of $6.75 and a 12 month high of $25.50.

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

Venture Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 10th were issued a $0.0165 dividend. This represents a $0.07 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Tuesday, June 10th.

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.