Venture Global, Inc. (NYSE:VG) Given Average Recommendation of "Hold" by Brokerages

Venture Global, Inc. (NYSE:VG - Get Free Report) has received a consensus recommendation of "Hold" from the thirteen ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $16.69.

A number of analysts have recently commented on the company. Johnson Rice initiated coverage on Venture Global in a report on Tuesday, June 17th. They issued a "buy" rating and a $20.00 price target on the stock. JPMorgan Chase & Co. decreased their target price on Venture Global from $16.00 to $15.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Scotiabank set a $16.00 price target on Venture Global and gave the stock a "sector perform" rating in a research report on Tuesday, July 15th. Wells Fargo & Company reaffirmed a "reduce" rating on shares of Venture Global in a report on Wednesday, May 14th. Finally, UBS Group cut Venture Global from a "buy" rating to a "neutral" rating and increased their price target for the company from $14.00 to $18.00 in a research note on Thursday, June 12th.

Hedge Funds Weigh In On Venture Global

Institutional investors and hedge funds have recently made changes to their positions in the business. AdvisorNet Financial Inc purchased a new stake in Venture Global in the second quarter worth approximately $28,000. Center for Financial Planning Inc. purchased a new position in shares of Venture Global during the 1st quarter valued at $37,000. ORG Wealth Partners LLC bought a new stake in Venture Global in the 1st quarter valued at $60,000. Federated Hermes Inc. bought a new stake in Venture Global in the 1st quarter valued at $74,000. Finally, Adalta Capital Management LLC bought a new stake in shares of Venture Global in the 1st quarter worth about $103,000.

Venture Global Trading Down 4.3%

Shares of NYSE:VG traded down $0.68 on Friday, hitting $15.22. The company's stock had a trading volume of 4,571,712 shares, compared to its average volume of 7,246,170. Venture Global has a 12 month low of $6.75 and a 12 month high of $25.50. The company's 50-day moving average price is $14.61. The company has a debt-to-equity ratio of 3.49, a quick ratio of 1.67 and a current ratio of 1.73.

Venture Global (NYSE:VG - Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.08). The business had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $2.83 billion. Equities analysts predict that Venture Global will post 0.52 earnings per share for the current year.

Venture Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th were paid a dividend of $0.0165 per share. This represents a $0.07 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend was Tuesday, June 10th.

Venture Global Company Profile

Venture Global has fundamentally reshaped the development and construction of liquefied natural gas production, establishing us as a rapidly growing company delivering critical LNG to the world. Our innovative and disruptive approach, which is both scalable and repeatable, allows us to bring LNG to a global market years faster and at a lower cost.