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

Venture Global, Inc. (NYSE:VG) has received a consensus recommendation of “Hold” from the seventeen analysts that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $14.4643.

A number of research firms recently weighed in on VG. JPMorgan Chase & Co. reduced their price objective on shares of Venture Global from $16.00 to $10.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Citigroup reduced their price target on Venture Global from $16.00 to $9.00 and set a “neutral” rating on the stock in a report on Monday, November 24th. Weiss Ratings restated a “sell (d+)” rating on shares of Venture Global in a report on Monday, December 8th. Deutsche Bank Aktiengesellschaft raised Venture Global from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Thursday, August 28th. Finally, Bank of America decreased their target price on Venture Global from $15.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday.

Venture Global Stock Down 1.8%

Shares of VG opened at $6.13 on Monday. The company has a market cap of $15.00 billion and a PE ratio of 7.86. The business has a fifty day moving average of $8.37 and a 200 day moving average of $12.45. Venture Global has a 52-week low of $5.87 and a 52-week high of $25.50. The company has a quick ratio of 0.77, a current ratio of 0.83 and a debt-to-equity ratio of 3.46.

Venture Global (NYSE:VG) last announced its earnings results on Monday, November 10th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.06). The firm had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.23 billion. Venture Global had a net margin of 21.99% and a return on equity of 29.55%. Venture Global’s quarterly revenue was up 259.5% compared to the same quarter last year. On average, sell-side analysts expect that Venture Global will post 0.52 EPS for the current year.

Venture Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a $0.017 dividend. This represents a $0.07 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Monday, December 15th. Venture Global’s payout ratio is 8.97%.

Insider Transactions at Venture Global

In other news, VP Fory Musser sold 776,298 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $8.06, for a total transaction of $6,256,961.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Thomas Earl sold 1,000,000 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $6.89, for a total value of $6,890,000.00. The SEC filing for this sale provides additional information. Insiders sold a total of 3,000,000 shares of company stock worth $22,904,729 over the last 90 days. Insiders own 86.73% of the company’s stock.

Hedge Funds Weigh In On Venture Global

Large investors have recently bought and sold shares of the business. Benjamin Edwards Inc. purchased a new stake in shares of Venture Global during the first quarter valued at about $206,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Venture Global in the 2nd quarter worth approximately $3,148,000. Stratos Wealth Partners LTD. bought a new position in shares of Venture Global during the 2nd quarter worth approximately $815,000. Russell Investments Group Ltd. raised its stake in shares of Venture Global by 61.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 616,643 shares of the company’s stock worth $9,607,000 after acquiring an additional 233,978 shares in the last quarter. Finally, Vanguard Group Inc. purchased a new stake in Venture Global during the first quarter valued at approximately $125,788,000.

About Venture Global

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.