Venture Global (NYSE:VG) Shares Gap Down – What’s Next?

Venture Global, Inc. (NYSE:VG)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $14.26, but opened at $13.15. Venture Global shares last traded at $13.6930, with a volume of 4,159,186 shares trading hands.

Analysts Set New Price Targets

A number of research firms have weighed in on VG. Raymond James Financial restated an “outperform” rating and issued a $16.00 price target on shares of Venture Global in a report on Wednesday, May 20th. JPMorgan Chase & Co. upgraded shares of Venture Global from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $16.00 to $17.00 in a research note on Thursday, June 4th. Zacks Research raised shares of Venture Global from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Royal Bank Of Canada upped their target price 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. Finally, Citigroup raised shares of Venture Global from a “neutral” rating to a “buy” rating and raised their price target for the company from $12.00 to $17.00 in a report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $16.06.

Venture Global Price Performance

The company has a debt-to-equity ratio of 3.40, a current ratio of 0.87 and a quick ratio of 0.80. The business’s 50-day moving average price is $12.47 and its two-hundred day moving average price is $12.29. The firm has a market cap of $33.43 billion, a price-to-earnings ratio of 14.96, a P/E/G ratio of 0.59 and a beta of 0.22.

Venture Global (NYSE:VG) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.01. Venture Global had a net margin of 16.94% and a return on equity of 26.90%. The firm had revenue of $4.58 billion for the quarter. On average, research analysts forecast that Venture Global, Inc. will post 1.51 EPS for the current fiscal year.

Venture Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $0.018 dividend. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, June 15th. Venture Global’s dividend payout ratio is 7.78%.

Insider Activity at Venture Global

In related news, insider Thomas Earl sold 1,000,000 shares of Venture Global stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $12.44, for a total value of $12,440,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Fory Musser sold 2,000,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $13.09, for a total value of $26,180,000.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 4,459,399 shares of company stock worth $58,670,384. 84.24% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Venture Global

A number of institutional investors have recently modified their holdings of the business. State Street Corp grew its holdings in Venture Global by 82.7% during the fourth quarter. State Street Corp now owns 10,812,233 shares of the company’s stock worth $73,739,000 after acquiring an additional 4,893,707 shares during the period. UBS Group AG boosted its stake in shares of Venture Global by 520.8% during the 4th quarter. UBS Group AG now owns 6,279,598 shares of the company’s stock worth $42,827,000 after acquiring an additional 5,268,053 shares in the last quarter. Geode Capital Management LLC raised its position 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 during the period. Cohen & Steers Inc. raised its holdings in Venture Global by 4.6% in the 4th quarter. Cohen & Steers Inc. now owns 4,963,166 shares of the company’s stock worth $33,849,000 after acquiring an additional 219,505 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Venture Global in the second quarter worth about $76,489,000.

Venture Global Company Profile

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.