Venture Global (NYSE:VG) Shares Gap Up - What's Next?

Venture Global, Inc. (NYSE:VG - Get Free Report)'s share price gapped up before the market opened on Friday . The stock had previously closed at $16.86, but opened at $17.50. Venture Global shares last traded at $17.25, with a volume of 723,812 shares traded.

Analyst Ratings Changes

A number of brokerages have weighed in on VG. JPMorgan Chase & Co. reduced their price target on Venture Global from $16.00 to $15.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Wells Fargo & Company reiterated a "reduce" rating on shares of Venture Global in a research report on Wednesday, May 14th. Royal Bank Of Canada lowered their price target on Venture Global from $15.00 to $14.00 and set an "outperform" rating for the company in a report on Monday, May 5th. Johnson Rice began coverage on shares of Venture Global in a report on Tuesday, June 17th. They set a "buy" rating and a $20.00 price objective on the stock. Finally, Bank of America raised their target price on shares of Venture Global from $12.00 to $18.50 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $16.77.

Venture Global Stock Performance

The stock has a 50 day moving average of $13.87. 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 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 company had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $2.83 billion. As a group, sell-side analysts predict that Venture Global, Inc. will post 0.52 EPS for the current year.

Venture Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th were paid a $0.0165 dividend. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.39%.

Hedge Funds Weigh In On Venture Global

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Exchange Traded Concepts LLC acquired a new position in shares of Venture Global during the first quarter worth $1,316,000. Forefront Wealth Management Inc. acquired a new position in Venture Global in the 1st quarter worth $938,000. KG&L Capital Management LLC purchased a new position in Venture Global in the 1st quarter valued at about $359,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Venture Global during the first quarter valued at about $14,285,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of Venture Global during the first quarter worth about $247,000.

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.