Venture Global (NYSE:VG) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Venture Global (NYSE:VG) had its price objective increased by research analysts at Royal Bank Of Canada from $11.00 to $14.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 7.47% from the company’s current price.

Several other equities analysts have also weighed in on the company. Bank of America cut their target price on Venture Global from $15.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. Morgan Stanley assumed 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. The Goldman Sachs Group reissued a “buy” rating on shares of Venture Global in a research note on Tuesday, March 3rd. Citigroup lifted their price objective on shares of Venture Global from $9.00 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 4th. Finally, JPMorgan Chase & Co. downgraded shares of Venture Global from an “overweight” rating to a “neutral” rating and upped their target price for the company from $10.00 to $11.00 in a research note on Tuesday, January 27th. Seven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.10.

Venture Global Trading Up 2.0%

VG traded up $0.26 during trading on Friday, reaching $13.03. 7,329,783 shares of the company’s stock were exchanged, compared to its average volume of 15,294,924. The company’s fifty day moving average price is $9.46 and its 200-day moving average price is $9.69. The firm has a market capitalization of $31.89 billion, a PE ratio of 15.22 and a beta of 5.70. Venture Global has a fifty-two week low of $5.72 and a fifty-two week high of $19.50. The company has a debt-to-equity ratio of 3.24, a quick ratio of 0.87 and a current ratio of 0.93.

Venture Global (NYSE:VG) last posted its quarterly earnings results on Monday, March 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.06. Venture Global had a return on equity of 27.96% and a net margin of 18.38%.The business had revenue of $4.45 billion for the quarter. The business’s quarterly revenue was up 191.7% on a year-over-year basis. As a group, equities analysts forecast that Venture Global will post 0.52 EPS for the current year.

Insider Activity at Venture Global

In other Venture Global news, CAO Sarah Blake sold 300,000 shares of Venture Global stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $11.85, for a total value of $3,555,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Thomas Earl sold 1,000,000 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $11.83, for a total transaction of $11,830,000.00. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 2,450,000 shares of company stock worth $28,236,193. 86.73% of the stock is owned by company insiders.

Institutional Investors Weigh In On Venture Global

Several institutional investors have recently added to or reduced their stakes in VG. Vanguard Group Inc. boosted its stake in Venture Global by 147.4% in the 3rd 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 raised its stake in shares of 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 purchasing an additional 4,893,707 shares during the period. UBS Group AG lifted its holdings in shares of Venture Global by 520.8% in the fourth quarter. UBS Group AG now owns 6,279,598 shares of the company’s stock valued at $42,827,000 after purchasing an additional 5,268,053 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Venture Global by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 5,101,668 shares of the company’s stock valued at $34,811,000 after purchasing an additional 273,331 shares in the last quarter. Finally, Cohen & Steers Inc. boosted its position in shares of Venture Global by 4.6% during the fourth 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.

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.