Venture Global (NYSE:VG) Given New $19.00 Price Target at JPMorgan Chase & Co.

Venture Global (NYSE:VGGet Free Report) had its price target raised by stock analysts at JPMorgan Chase & Co. from $11.00 to $19.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 9.64% from the company’s current price.

Several other brokerages also recently weighed in on VG. Royal Bank Of Canada upped their target price on shares of Venture Global from $11.00 to $14.00 and gave the stock an “outperform” rating in a research note on Friday, March 13th. Wells Fargo & Company raised their price target on shares of Venture Global from $10.00 to $14.00 and gave the company an “equal weight” rating in a research report on Wednesday. Raymond James Financial reaffirmed an “outperform” rating and set a $13.00 price objective on shares of Venture Global in a research report on Thursday, March 5th. Scotiabank increased their price objective on Venture Global from $9.00 to $11.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 17th. Finally, Wall Street Zen upgraded Venture Global from a “sell” rating to a “hold” rating in a report on Sunday, March 22nd. Eight equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $15.70.

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Venture Global Stock Performance

Shares of Venture Global stock opened at $17.33 on Friday. The stock has a market capitalization of $42.58 billion, a price-to-earnings ratio of 20.15, a price-to-earnings-growth ratio of 1.47 and a beta of 5.70. The company has a debt-to-equity ratio of 3.24, a current ratio of 0.93 and a quick ratio of 0.87. The business has a 50-day moving average of $10.97 and a 200 day moving average of $9.82. Venture Global has a 12 month low of $5.72 and a 12 month high of $19.50.

Venture Global (NYSE:VGGet Free Report) last issued its quarterly earnings results on Monday, March 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.06. Venture Global had a net margin of 18.38% and a return on equity of 27.96%. The company had revenue of $4.45 billion for the quarter. The company’s revenue was up 191.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Venture Global will post 0.52 earnings per share for the current year.

Insider Activity

In related news, insider Thomas Earl sold 1,000,000 shares of the business’s stock in a transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jonathan W. Thayer sold 2,611,111 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $16.08, for a total value of $41,986,664.88. The SEC filing for this sale provides additional information. Insiders sold a total of 5,872,223 shares of company stock valued at $82,002,870 in the last 90 days. Company insiders own 86.73% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VG. Blue Trust Inc. raised its position in shares of Venture Global by 1,750.0% during the 4th quarter. Blue Trust Inc. now owns 3,700 shares of the company’s stock worth $25,000 after acquiring an additional 3,500 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in Venture Global in the second quarter valued at approximately $26,000. MAI Capital Management purchased a new position in Venture Global in the third quarter valued at approximately $29,000. Harbour Investments Inc. purchased a new position in Venture Global in the fourth quarter valued at approximately $29,000. Finally, Rockefeller Capital Management L.P. raised its holdings in Venture Global by 218.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,421 shares of the company’s stock worth $30,000 after purchasing an additional 3,031 shares in the last quarter.

Venture Global News Summary

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

Venture Global Company Profile

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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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Analyst Recommendations for Venture Global (NYSE:VG)

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