Venture Global, Inc. (NYSE:VG) Receives $16.06 Average Target Price from Brokerages

Shares of Venture Global, Inc. (NYSE:VG) have received a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are covering the company, Marketbeat reports. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $16.0625.

A number of equities analysts have recently issued reports on the stock. Royal Bank Of Canada increased their price objective on shares of Venture Global from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Raymond James Financial reaffirmed an “outperform” rating and issued a $16.00 target price on shares of Venture Global in a research report on Wednesday, May 20th. Morgan Stanley upped their price target on Venture Global from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 13th. Zacks Research upgraded Venture Global from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Finally, Scotiabank raised their price objective on Venture Global from $13.00 to $15.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 13th.

Insider Buying and Selling at Venture Global

In other Venture Global news, COO Brian Cothran sold 31,910 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $14.33, for a total transaction of $457,270.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Thomas Earl sold 1,000,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $12.44, for a total transaction of $12,440,000.00. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 4,459,399 shares of company stock worth $58,670,384. Company insiders own 84.24% of the company’s stock.

Hedge Funds Weigh In On Venture Global

Several large investors have recently added to or reduced their stakes in VG. UBS Group AG increased its holdings in 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 purchasing an additional 5,268,053 shares in the last quarter. SG Americas Securities LLC grew its holdings in Venture Global by 828.3% during the fourth quarter. SG Americas Securities LLC now owns 122,825 shares of the company’s stock worth $838,000 after buying an additional 109,594 shares in the last quarter. Y Intercept Hong Kong Ltd grew its holdings in Venture Global by 304.4% during the first quarter. Y Intercept Hong Kong Ltd now owns 149,214 shares of the company’s stock worth $2,352,000 after buying an additional 112,318 shares in the last quarter. Bleakley Financial Group LLC purchased a new stake in Venture Global in the 1st quarter valued at $2,235,000. Finally, Catalyst Capital Advisors LLC raised its position in Venture Global by 53.1% in the 4th quarter. Catalyst Capital Advisors LLC now owns 2,871,398 shares of the company’s stock valued at $19,583,000 after buying an additional 995,725 shares during the last quarter.

Venture Global Stock Up 1.1%

Shares of NYSE VG opened at $13.19 on Tuesday. The firm has a market cap of $32.78 billion, a PE ratio of 14.66, a P/E/G ratio of 0.58 and a beta of 0.33. Venture Global has a 12-month low of $5.72 and a 12-month high of $17.62. The company’s fifty day simple moving average is $12.42 and its 200 day simple moving average is $12.04. The company has a quick ratio of 0.80, a current ratio of 0.87 and a debt-to-equity ratio of 3.40.

Venture Global (NYSE:VG) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.07. Venture Global had a net margin of 16.94% and a return on equity of 26.90%. The firm had revenue of $4.60 billion during the quarter. The firm’s quarterly revenue was up 58.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Venture Global will post 1.51 earnings per share for the current fiscal year.

Venture Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a $0.018 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.07 annualized dividend and a yield of 0.5%. Venture Global’s dividend payout ratio (DPR) 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.