Venture Global (NYSE:VG – Get Free Report) had its price objective hoisted by Bank of America from $13.00 to $16.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Bank of America‘s price objective indicates a potential upside of 2.12% from the stock’s previous close.
Other research analysts have also issued research reports about the company. Scotiabank upped their price target on Venture Global from $9.00 to $11.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 17th. Citigroup lifted their price objective on Venture Global from $9.00 to $12.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 4th. JPMorgan Chase & Co. cut Venture Global from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $10.00 to $11.00 in a research note on Tuesday, January 27th. Weiss Ratings upgraded Venture Global from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. Finally, Morgan Stanley started coverage on Venture Global in a research note on Tuesday, February 24th. They issued an “underweight” rating and a $8.00 price target for the company. Seven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $13.57.
Read Our Latest Analysis on Venture Global
Venture Global Price Performance
Venture Global (NYSE:VG – Get Free Report) last issued its quarterly earnings data on Monday, March 2nd. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.35 by $0.06. The firm 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%. The firm’s revenue for the quarter was up 191.7% compared to the same quarter last year. As a group, equities analysts expect that Venture Global will post 0.52 EPS for the current year.
Insider Transactions at Venture Global
In other news, 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 value of $11,830,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Fory Musser sold 1,000,000 shares of Venture Global stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $10.90, for a total value of $10,900,000.00. 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 company insiders.
Institutional Trading of Venture Global
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Hsbc Holdings PLC bought a new position in shares of Venture Global in the 4th quarter worth about $90,000. Rockefeller Capital Management L.P. increased its stake in shares of Venture Global by 218.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,421 shares of the company’s stock valued at $30,000 after purchasing an additional 3,031 shares in the last quarter. Corient Private Wealth LLC purchased a new position in shares of Venture Global during the fourth quarter valued at approximately $104,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Venture Global by 1,614.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 33,631 shares of the company’s stock worth $229,000 after purchasing an additional 31,669 shares in the last quarter. Finally, Alpine Global Management LLC purchased a new stake in shares of Venture Global in the 4th quarter worth approximately $531,000.
Trending Headlines about Venture Global
Here are the key news stories impacting Venture Global this week:
- Positive Sentiment: Geopolitical supply shock: reports that Iran strikes may shut a material portion of Qatar’s LNG capacity boosted expectations for tighter global LNG supply — a direct tailwind for U.S. exporters like Venture Global. Cheniere, Venture Global shares surge amid Iran attacks on Qatar LNG infrastructure
- Positive Sentiment: Analyst upgrade and price target lift: Bank of America raised its price target to $16 and maintains a Buy rating, helping lift sentiment and broker-driven flows. Benzinga
- Positive Sentiment: Large financing reported: coverage that Venture Global secured an ~ $8.6B financing package supports project funding and reduces near‑term capital risk — a major positive for execution of expansion projects. Venture Global (VG) Stock Jumps 14.5% Following Massive $8.6B Financing Deal
- Positive Sentiment: Analyst/market momentum: several upgrades and coverage pieces drove an intraday rally and raised short‑term interest in the name. Venture Global (NYSE:VG) Shares Up 7.3% Following Analyst Upgrade
- Neutral Sentiment: Research caution: some outlets note the recent large moves on heavy volume and warn that earnings/estimate revisions could limit further upside near term. Venture Global (VG) Soars 14.5%: Is Further Upside Left in the Stock?
- Negative Sentiment: Heavy insider selling: multiple SEC filings show CAO Sarah Blake and CFO Jonathan Thayer (and other executives) sold large blocks of stock March 18–19 (sales in the millions to tens of millions of dollars), which can create selling pressure and raise investor questions about timing and insider conviction. Sarah Blake Sells 200,000 Shares Top Executives Quietly Unload Massive Blocks SEC filing (Thayer sale)
About Venture Global
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.
Further Reading
Receive News & Ratings for Venture Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Venture Global and related companies with MarketBeat.com's FREE daily email newsletter.
