JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Venture Global (NYSE:VG) Stock

Venture Global (NYSE:VGGet Free Report) had its price target boosted by JPMorgan Chase & Co. from $11.00 to $19.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 8.54% from the stock’s current price.

A number of other research analysts also recently commented on the stock. Weiss Ratings raised shares of Venture Global from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, March 18th. Raymond James Financial reaffirmed an “outperform” rating and issued a $13.00 target price on shares of Venture Global in a report on Thursday, March 5th. The Goldman Sachs Group raised their target price on shares of Venture Global from $15.00 to $18.50 and gave the company a “buy” rating in a research note on Tuesday, March 24th. Morgan Stanley raised Venture Global from an “underweight” rating to an “overweight” rating and boosted their price target for the stock from $8.00 to $22.00 in a research report on Monday, March 23rd. Finally, New Street Research set a $15.00 price objective on Venture Global in a research note on Tuesday, March 3rd. Eight research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, Venture Global currently has an average rating of “Hold” and a consensus target price of $15.70.

Check Out Our Latest Research Report on Venture Global

Venture Global Trading Up 4.1%

Shares of Venture Global stock opened at $17.51 on Friday. Venture Global has a 12-month low of $5.72 and a 12-month high of $19.50. The stock has a market cap of $43.01 billion, a P/E ratio of 20.35, a P/E/G ratio of 1.54 and a beta of 5.70. The company has a quick ratio of 0.87, a current ratio of 0.93 and a debt-to-equity ratio of 3.24. The business’s 50 day moving average is $11.14 and its 200-day moving average is $9.83.

Venture Global (NYSE:VGGet Free Report) last released its earnings results on Monday, March 2nd. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.06. The business had revenue of $4.45 billion during the quarter. Venture Global had a net margin of 18.38% and a return on equity of 27.96%. Venture Global’s revenue was up 191.7% compared to the same quarter last year. Equities research analysts predict that Venture Global will post 0.52 earnings per share for the current fiscal year.

Insider Activity at Venture Global

In other Venture Global news, CAO Sarah Blake sold 200,000 shares of the stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $16.00, for a total value of $3,200,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Thomas Earl sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $11.83, for a total transaction of $11,830,000.00. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 5,872,223 shares of company stock worth $82,002,870. 86.73% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Venture Global

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Venture Global by 147.4% during the third quarter. Vanguard Group Inc. now owns 22,862,372 shares of the company’s stock worth $324,417,000 after purchasing an additional 13,620,863 shares during the period. State Street Corp grew its holdings in Venture Global by 82.7% in the 4th quarter. State Street Corp now owns 10,812,233 shares of the company’s stock valued at $73,739,000 after buying an additional 4,893,707 shares in the last quarter. UBS Group AG grew its holdings in Venture Global by 520.8% in the 4th quarter. UBS Group AG now owns 6,279,598 shares of the company’s stock valued at $42,827,000 after buying an additional 5,268,053 shares in the last quarter. Geode Capital Management LLC increased its position in Venture Global by 5.7% during the 4th quarter. Geode Capital Management LLC now owns 5,101,668 shares of the company’s stock worth $34,811,000 after buying an additional 273,331 shares during the period. Finally, Cohen & Steers Inc. increased its position in Venture Global by 4.6% during the 4th quarter. Cohen & Steers Inc. now owns 4,963,166 shares of the company’s stock worth $33,849,000 after buying an additional 219,505 shares during the period.

Key Headlines Impacting Venture Global

Here are the key news stories impacting Venture Global this week:

Venture Global Company Profile

(Get Free Report)

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.

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