Venture Global (NYSE:VG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Venture Global (NYSE:VG - Free Report) from a sell rating to a hold rating in a research note released on Saturday morning.

Several other research firms have also commented on VG. UBS Group lowered shares of Venture Global from a "buy" rating to a "neutral" rating and lifted their price target for the company from $14.00 to $18.00 in a report on Thursday, June 12th. 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 report on Wednesday, June 25th. Wells Fargo & Company restated a "reduce" rating on shares of Venture Global in a research note on Wednesday, May 14th. Johnson Rice began coverage on Venture Global in a research report on Tuesday, June 17th. They set a "buy" rating and a $20.00 price target on the stock. Finally, The Goldman Sachs Group cut their price target on Venture Global from $20.00 to $17.50 and set a "buy" rating on the stock in a report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $16.77.

Venture Global Stock Performance

Shares of Venture Global stock traded down $0.71 during trading on Friday, reaching $14.87. The company had a trading volume of 6,249,955 shares, compared to its average volume of 7,298,839. The company has a debt-to-equity ratio of 3.49, a quick ratio of 1.67 and a current ratio of 1.73. Venture Global has a fifty-two week low of $6.75 and a fifty-two week high of $25.50. The firm's fifty day simple moving average is $12.69.

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 business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.83 billion. Equities analysts forecast that Venture Global will post 0.52 earnings per share for the current fiscal year.

Venture Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th were issued a dividend of $0.0165 per share. The ex-dividend date was Tuesday, June 10th. This represents a $0.07 annualized dividend and a yield of 0.44%.

Institutional Investors Weigh In On Venture Global

Several hedge funds have recently made changes to their positions in the company. Exchange Traded Concepts LLC purchased a new stake in shares of Venture Global in the first quarter valued at $1,316,000. Forefront Wealth Management Inc. acquired a new position in Venture Global during the first quarter valued at $938,000. KG&L Capital Management LLC acquired a new position in Venture Global during the first quarter valued at $359,000. Renaissance Capital LLC purchased a new stake in Venture Global in the 1st quarter worth about $1,439,000. Finally, Center for Financial Planning Inc. acquired a new stake in Venture Global during the 1st quarter worth about $37,000.

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.