Venture Global, Inc. (NYSE:VG) Receives Average Recommendation of “Moderate Buy” from Analysts

Venture Global, Inc. (NYSE:VG) has received a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $16.4667.

A number of brokerages have recently weighed in on VG. The Goldman Sachs Group set a $18.00 price objective on Venture Global in a research report on Thursday, May 14th. Weiss Ratings raised shares of Venture Global from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Royal Bank Of Canada lifted their price target on shares of Venture Global from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. New Street Research set a $15.00 price target on shares of Venture Global in a research note on Tuesday, March 3rd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Venture Global from $19.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th.

Insider Activity

In other news, VP Fory Musser sold 2,000,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $13.09, for a total transaction of $26,180,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 8,205,557 shares of company stock valued at $112,367,322 over the last three months. Company insiders own 84.24% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its position in Venture Global by 135.6% during the first quarter. Bank of America Corp DE now owns 4,174,444 shares of the company’s stock valued at $65,789,000 after purchasing an additional 2,402,771 shares during the period. Anson Funds Management LP purchased a new stake in shares of Venture Global during the first quarter worth about $394,000. Arkadios Wealth Advisors grew its stake in Venture Global by 28.7% during the 1st quarter. Arkadios Wealth Advisors now owns 229,767 shares of the company’s stock valued at $3,621,000 after acquiring an additional 51,225 shares in the last quarter. Royal Bank of Canada raised its holdings in Venture Global by 2.5% in the 1st quarter. Royal Bank of Canada now owns 78,310 shares of the company’s stock valued at $1,235,000 after acquiring an additional 1,893 shares during the last quarter. Finally, Rubric Capital Management LP acquired a new stake in Venture Global in the 1st quarter valued at about $23,640,000.

Venture Global Trading Down 4.8%

Shares of VG stock opened at $14.07 on Thursday. Venture Global has a 52-week low of $5.72 and a 52-week high of $19.50. The company has a debt-to-equity ratio of 3.40, a quick ratio of 0.80 and a current ratio of 0.87. The firm has a market capitalization of $34.56 billion, a PE ratio of 15.63, a PEG ratio of 0.68 and a beta of 0.44. The stock has a fifty day simple moving average of $13.63 and a two-hundred day simple moving average of $10.13.

Venture Global (NYSE:VG) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.07. The firm had revenue of $4.60 billion during the quarter. Venture Global had a return on equity of 26.90% and a net margin of 16.94%.The business’s revenue for the quarter was up 58.9% compared to the same quarter last year. On average, analysts predict that Venture Global will post 1.38 EPS for the current fiscal year.

Venture Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were issued a $0.018 dividend. This is an increase from Venture Global’s previous quarterly dividend of $0.02. This represents a $0.07 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, March 16th. Venture Global’s dividend payout ratio is presently 7.78%.

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.