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

Key Points

• Venture Global, Inc. has received an average brokerage recommendation of "Hold", with ratings including one sell, five holds, and seven buys among thirteen analysts.
• The company's stock currently has a price target set at an average of $16.85 by brokers, with notable adjustments from Bank of America and JPMorgan raising their targets to $18.50 and $17.00 respectively.
• Venture Global's recent quarterly earnings showed a miss in EPS estimates at $0.16, while revenue exceeded expectations at $2.89 billion.

Shares of Venture Global, Inc. (NYSE:VG - Get Free Report) have been given an average recommendation of "Moderate Buy" by the thirteen ratings firms that are covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $17.00.

VG has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Venture Global from a "sell" rating to a "hold" rating in a research note on Saturday, June 28th. The Goldman Sachs Group dropped their price target on shares of Venture Global from $20.00 to $17.50 and set a "buy" rating on the stock in a research note on Wednesday, May 14th. Johnson Rice initiated coverage on shares of Venture Global in a research note on Tuesday, June 17th. They issued a "buy" rating and a $20.00 price target on the stock. Royal Bank Of Canada dropped their price target on shares of Venture Global from $15.00 to $14.00 and set an "outperform" rating on the stock in a research note on Monday, May 5th. Finally, UBS Group cut shares of Venture Global from a "buy" rating to a "neutral" rating and lifted their price target for the company from $14.00 to $18.00 in a research note on Thursday, June 12th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VG. Renaissance Capital LLC purchased a new position in shares of Venture Global during the 1st quarter worth $1,439,000. Defined Wealth Management LLC purchased a new position in shares of Venture Global during the 1st quarter worth $114,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Venture Global during the 1st quarter worth $156,000. Exchange Traded Concepts LLC purchased a new position in shares of Venture Global during the 1st quarter worth $1,316,000. Finally, Forefront Wealth Management Inc. purchased a new position in shares of Venture Global during the 1st quarter worth $938,000.

Venture Global Price Performance

Shares of NYSE VG traded up $0.36 during midday trading on Tuesday, reaching $14.00. 3,861,960 shares of the stock were exchanged, compared to its average volume of 7,195,268. Venture Global has a twelve month low of $6.75 and a twelve month high of $25.50. The firm has a 50-day moving average price of $15.71. The company has a debt-to-equity ratio of 3.49, a current ratio of 1.73 and a quick ratio of 1.67.

Venture Global (NYSE:VG - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.08). The firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.83 billion. Venture Global had a return on equity of 24.20% and a net margin of 18.89%. Analysts expect that Venture Global will post 0.52 EPS for the current year.

Venture Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th were issued a dividend of $0.0165 per share. This represents a $0.07 annualized dividend and a dividend yield of 0.5%. The ex-dividend date 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.