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

Shares of Venture Global, Inc. (NYSE:VG - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the twelve brokerages that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $16.25.

A number of research firms have commented on VG. Mizuho reduced their price target on Venture Global from $25.00 to $18.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 11th. JPMorgan Chase & Co. reduced their target price on Venture Global from $16.00 to $15.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Guggenheim dropped their price target on shares of Venture Global from $27.00 to $20.00 and set a "buy" rating on the stock in a research report on Monday, March 10th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Venture Global in a research report on Tuesday, February 18th. They set a "buy" rating and a $19.00 price objective for the company. Finally, UBS Group started coverage on shares of Venture Global in a report on Friday, April 4th. They issued a "buy" rating and a $14.00 target price on the stock.

Venture Global Price Performance

Shares of NYSE VG opened at $8.79 on Friday. The firm has a 50 day simple moving average of $9.95. 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 released its quarterly earnings results on Thursday, March 6th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. The business had revenue of $1.52 billion for the quarter. 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 announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were issued a $0.0165 dividend. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Monday, March 10th.

Insider Activity at Venture Global

In other news, Director Jimmy D. Staton acquired 49,000 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were purchased at an average cost of $10.13 per share, with a total value of $496,370.00. Following the acquisition, the director now directly owns 49,000 shares of the company's stock, valued at $496,370. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert B. Pender bought 269,500 shares of the stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average price of $10.39 per share, with a total value of $2,800,105.00. Following the acquisition, the insider now owns 719,885 shares of the company's stock, valued at $7,479,605.15. The trade was a 59.84 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 803,000 shares of company stock valued at $8,108,260. 86.73% of the stock is owned by company insiders.

Institutional Investors Weigh In On Venture Global

Large investors have recently made changes to their positions in the business. Bank of New York Mellon Corp bought a new stake in Venture Global in the first quarter worth about $18,551,000. Catalyst Capital Advisors LLC purchased a new position in Venture Global in the first quarter valued at approximately $14,285,000. Envestnet Asset Management Inc. bought a new position in Venture Global during the first quarter valued at $2,417,000. Renaissance Capital LLC purchased a new stake in Venture Global in the first quarter worth $1,439,000. Finally, Exchange Traded Concepts LLC purchased a new position in shares of Venture Global during the 1st quarter valued at $1,316,000.

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.

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