Venture Global, Inc. (NYSE:VG) Receives $15.63 Average Target Price from Brokerages

Shares of Venture Global, Inc. (NYSE:VG - Get Free Report) have earned an average recommendation of "Moderate Buy" from the twelve ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $15.63.

Several brokerages recently weighed in on VG. The Goldman Sachs Group cut their target price on Venture Global from $20.00 to $17.50 and set a "buy" rating on the stock in a research report on Wednesday, May 14th. JPMorgan Chase & Co. dropped their price target on Venture Global from $16.00 to $15.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Deutsche Bank Aktiengesellschaft began coverage on Venture Global in a research note on Tuesday, February 18th. They issued a "buy" rating and a $19.00 price objective on the stock. Wall Street Zen downgraded shares of Venture Global from a "hold" rating to a "sell" rating in a research report on Saturday, March 15th. Finally, Scotiabank reduced their price target on shares of Venture Global from $17.00 to $15.00 and set a "sector perform" rating on the stock in a research report on Friday, March 7th.

Venture Global Price Performance

Shares of VG stock traded down $0.28 during trading hours on Thursday, hitting $11.57. 9,723,118 shares of the company were exchanged, compared to its average volume of 7,592,015. The business's fifty day moving average price is $9.44. Venture Global has a 1 year low of $6.75 and a 1 year high of $25.50.

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

Venture Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be paid a dividend of $0.0165 per share. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.57%.

Insider Transactions at Venture Global

In other Venture Global news, insider Michael Sabel purchased 234,500 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were acquired at an average price of $10.53 per share, for a total transaction of $2,469,285.00. Following the completion of the purchase, the insider now owns 1,185,885 shares in the company, valued at $12,487,369.05. The trade was a 24.65% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jimmy D. Staton acquired 49,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were acquired at an average price of $10.13 per share, with a total value of $496,370.00. Following the purchase, the director now owns 49,000 shares in the company, valued at $496,370. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 803,000 shares of company stock valued at $8,108,260. Corporate insiders own 86.73% of the company's stock.

Institutional Trading of Venture Global

Hedge funds have recently made changes to their positions in the stock. Allianz Asset Management GmbH bought a new position in Venture Global during the 1st quarter valued at $3,547,294,000. Vanguard Group Inc. acquired a new stake in shares of Venture Global in the 1st quarter valued at about $125,788,000. Deutsche Bank AG bought a new position in shares of Venture Global during the first quarter worth about $37,798,000. Millennium Management LLC acquired a new position in Venture Global in the first quarter worth about $32,099,000. Finally, Tortoise Capital Advisors L.L.C. acquired a new position in Venture Global in the first quarter worth about $28,673,000.

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.