Venture Global (NYSE:VG) Shares Down 4.5% - What's Next?

Key Points

• Venture Global's stock declined by 4.5% on Friday, trading as low as $12.92 before closing at $13.09, with a significant drop in trading volume compared to its average.
• Analysts have mixed views on the company, with ratings ranging from "buy" to "hold," and a consensus price target of $17.00 reflecting varied forecasts for its future performance.
• The company recently declared a quarterly dividend of $0.0165 per share, which represents an annualized yield of 0.5%.

Venture Global, Inc. (NYSE:VG - Get Free Report) traded down 4.5% during trading on Friday . The company traded as low as $12.92 and last traded at $13.09. 1,732,526 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 7,166,661 shares. The stock had previously closed at $13.71.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Wall Street Zen upgraded Venture Global from a "sell" rating to a "hold" rating in a research note on Saturday, June 28th. Royal Bank Of Canada lowered their target price on Venture Global from $15.00 to $14.00 and set an "outperform" rating on the stock in a research note on Monday, May 5th. Deutsche Bank Aktiengesellschaft downgraded Venture Global from a "buy" rating to a "hold" rating and set a $17.00 price target for the company. in a research note on Monday, July 14th. Scotiabank upped their price target on Venture Global from $13.00 to $16.00 and gave the stock a "sector perform" rating in a research note on Tuesday, July 15th. Finally, UBS Group downgraded Venture Global from a "buy" rating to a "neutral" rating and upped their price target for the stock from $14.00 to $18.00 in a research note on Thursday, June 12th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Venture Global currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.00.

Venture Global Stock Down 6.1%

The firm has a 50 day moving average of $15.70 and a two-hundred day moving average of $13.00. The company has a debt-to-equity ratio of 3.38, a quick ratio of 1.67 and a current ratio of 1.39.

Venture Global (NYSE:VG - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.08). The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.83 billion. Venture Global had a net margin of 18.89% and a return on equity of 22.45%. On average, equities research analysts forecast that Venture Global, Inc. will post 0.52 earnings per share for the current fiscal year.

Venture Global Dividend Announcement

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

Hedge Funds Weigh In On Venture Global

Several large investors have recently added to or reduced their stakes in VG. Renaissance Capital LLC acquired a new position in Venture Global in the 1st quarter valued at approximately $1,439,000. Defined Wealth Management LLC acquired a new position in Venture Global in the 1st quarter valued at approximately $114,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Venture Global in the 1st quarter worth approximately $156,000. Exchange Traded Concepts LLC acquired a new position in shares of Venture Global in the 1st quarter worth approximately $1,316,000. Finally, Forefront Wealth Management Inc. acquired a new position in shares of Venture Global in the 1st quarter worth approximately $938,000.

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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