Venture Global (NYSE:VG) Price Target Raised to $11.00

Venture Global (NYSE:VG) had its target price upped by Scotiabank from $9.00 to $11.00 in a report issued on Tuesday morning,Benzinga reports. Scotiabank currently has a sector perform rating on the stock.

Several other brokerages have also recently weighed in on VG. JPMorgan Chase & Co. cut shares of Venture Global from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from $10.00 to $11.00 in a research note on Tuesday, January 27th. Morgan Stanley assumed coverage on shares of Venture Global in a report on Tuesday, February 24th. They set an “underweight” rating and a $8.00 target price for the company. New Street Research set a $15.00 price target on shares of Venture Global in a research report on Tuesday, March 3rd. Wells Fargo & Company lifted their price target on shares of Venture Global from $8.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 5th. Finally, UBS Group cut their price objective on shares of Venture Global from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, January 22nd. Seven research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $13.23.

Venture Global Stock Down 3.7%

Venture Global stock opened at $14.30 on Tuesday. Venture Global has a one year low of $5.72 and a one year high of $19.50. The stock has a fifty day moving average of $10.11 and a 200 day moving average of $9.70. The company has a debt-to-equity ratio of 3.24, a quick ratio of 0.87 and a current ratio of 0.93. The stock has a market cap of $35.01 billion, a PE ratio of 16.63 and a beta of 5.70.

Venture Global (NYSE:VG) last announced its 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. The business had revenue of $4.45 billion for the quarter. Venture Global had a return on equity of 27.96% and a net margin of 18.38%.Venture Global’s revenue for the quarter was up 191.7% compared to the same quarter last year. As a group, sell-side analysts predict that Venture Global will post 0.52 EPS for the current year.

Venture Global Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued a $0.018 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $0.07 annualized dividend and a yield of 0.5%. This is a positive change from Venture Global’s previous quarterly dividend of $0.02. Venture Global’s payout ratio is currently 8.14%.

Insider Activity

In other Venture Global news, VP Fory Musser sold 1,000,000 shares of the company’s 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jonathan W. Thayer sold 2,611,111 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $16.08, for a total transaction of $41,986,664.88. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 5,872,223 shares of company stock worth $82,002,870 in the last quarter. 86.73% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of VG. Royal Bank of Canada bought a new stake in Venture Global during the first quarter valued at about $2,150,000. Integrated Wealth Concepts LLC bought a new position in shares of Venture Global in the first quarter worth about $152,000. NewEdge Advisors LLC bought a new position in shares of Venture Global in the first quarter worth about $460,000. Allworth Financial LP purchased a new stake in shares of Venture Global during the second quarter worth about $63,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Venture Global during the second quarter worth about $216,000.

Key Stories Impacting Venture Global

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

• Positive Sentiment: Geopolitical supply shock: Reports that attacks on Qatar’s LNG infrastructure could remove roughly 20% of Qatar’s output for an extended period boosted expectations for higher global LNG prices and stronger demand for U.S. exporters like Venture Global; the news drove an initial intraday spike. Article Title
• Positive Sentiment: Big financing announced: A reported $8.6 billion financing package reduces near‑term funding risk for growth projects and was cited by traders as a catalyst for the rally. Article Title
• Positive Sentiment: Project momentum amid supply fears: Coverage noting progress on Venture Global’s next LNG project and heightened market attention amid Middle East supply worries helped push the stock to multi‑month highs. Article Title
• Neutral Sentiment: Momentum and analyst caution: Commentary noted a strong intraday move (about +14.5% in the prior session) on heavy volume, but flagged that recent earnings‑estimate revision trends may limit further upside in the near term. Article Title
• Negative Sentiment: Large insider selling by CFO: CFO Jonathan W. Thayer disclosed two sales (611,112 shares at ~$14.04 and 2,611,111 shares at ~$16.08), representing a substantial monetization and adding supply pressure to the stock. SEC Filing
• Negative Sentiment: Additional insider sale by CAO: CAO Sarah Blake sold 200,000 shares at $16.00, another signal of insider monetization that can weigh on investor sentiment. SEC Filing

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.