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

Venture Global, Inc. (NYSE:VG - Get Free Report) has been given a consensus rating of "Moderate Buy" by the thirteen research firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $16.27.

A number of brokerages have commented on VG. Guggenheim reduced their target price on shares of Venture Global from $27.00 to $20.00 and set a "buy" rating on the stock in a research note on Monday, March 10th. Wall Street Zen cut shares of Venture Global from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Mizuho dropped their price objective on shares of Venture Global from $25.00 to $18.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. Bank of America lowered their price target on shares of Venture Global from $14.00 to $12.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Finally, Royal Bank Of Canada lowered their price target on shares of Venture Global from $15.00 to $14.00 and set an "outperform" rating for the company in a report on Monday, May 5th.

Institutional Trading of Venture Global

Several institutional investors and hedge funds have recently bought and sold shares of the business. Militia Capital Partners LP purchased a new stake in Venture Global in the 1st quarter valued at $194,000. Adalta Capital Management LLC purchased a new stake in Venture Global in the 1st quarter valued at $103,000. Scientech Research LLC purchased a new stake in Venture Global in the 1st quarter valued at $721,000. NewEdge Advisors LLC purchased a new stake in Venture Global in the 1st quarter valued at $460,000. Finally, Millennium Management LLC purchased a new stake in Venture Global in the 1st quarter valued at $32,099,000.

Venture Global Stock Up 4.5%

VG opened at $19.10 on Monday. The firm's fifty day moving average is $11.65. Venture Global has a 52-week low of $6.75 and a 52-week high of $25.50. The company has a current ratio of 1.73, a quick ratio of 1.67 and a debt-to-equity ratio of 3.49.

Venture Global (NYSE:VG - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate 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. Equities research analysts expect that Venture Global will post 0.52 EPS for the current year.

Venture Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be given a $0.0165 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $0.07 annualized dividend and a yield of 0.35%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.