Venture Global, Inc. (NYSE:VG) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of Venture Global, Inc. (NYSE:VG - Get Free Report) have been assigned an average rating of "Moderate Buy" from the thirteen research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $16.77.

A number of analysts recently commented on VG shares. Citigroup dropped their target price on shares of Venture Global from $18.00 to $11.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Mizuho dropped their target price on shares of Venture Global from $25.00 to $18.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. Royal Bank Of Canada dropped their target price on shares of Venture Global from $15.00 to $14.00 and set an "outperform" rating on the stock in a report on Monday, May 5th. Wall Street Zen downgraded shares of Venture Global from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Finally, UBS Group downgraded shares of Venture Global from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $14.00 to $18.00 in a report on Thursday, June 12th.

Institutional Investors Weigh In On Venture Global

Large investors have recently made changes to their positions in the company. Exchange Traded Concepts LLC purchased a new position in Venture Global during the first quarter valued at approximately $1,316,000. Forefront Wealth Management Inc. purchased a new position in Venture Global during the first quarter valued at approximately $938,000. Renaissance Capital LLC purchased a new position in Venture Global during the first quarter valued at approximately $1,439,000. Center for Financial Planning Inc. purchased a new position in Venture Global during the first quarter valued at approximately $37,000. Finally, ORG Wealth Partners LLC purchased a new position in Venture Global during the first quarter valued at approximately $60,000.

Venture Global Stock Up 3.9%

Shares of VG stock traded up $0.63 during midday trading on Monday, reaching $16.79. 3,829,560 shares of the company were exchanged, compared to its average volume of 7,540,061. The company has a current ratio of 1.73, a quick ratio of 1.67 and a debt-to-equity ratio of 3.49. The business has a 50 day simple moving average of $12.12. Venture Global has a 12 month low of $6.75 and a 12 month high of $25.50.

Venture Global (NYSE:VG - Get Free Report) last released 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 company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.83 billion. On average, analysts forecast that Venture Global will post 0.52 earnings per share for the current fiscal year.

Venture Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $0.0165 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.39%.

About Venture Global

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.