Venture Global (NYSE:VG) Stock Rating Upgraded by 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 report released on Saturday.

VG has been the subject of several other reports. Wells Fargo & Company reaffirmed a "reduce" rating on shares of Venture Global in a research note on Wednesday, May 14th. Scotiabank lowered their target price on shares of Venture Global from $17.00 to $15.00 and set a "sector perform" rating for the company in a research note on Friday, March 7th. JPMorgan Chase & Co. lowered their target price on shares of Venture Global from $16.00 to $15.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Royal Bank Of Canada lowered their target price on shares of Venture Global from $15.00 to $14.00 and set an "outperform" rating for the company in a research note on Monday, May 5th. Finally, The Goldman Sachs Group lowered their target price on shares of Venture Global from $20.00 to $17.50 and set a "buy" rating for the company in a research note on Wednesday, May 14th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, Venture Global presently has a consensus rating of "Moderate Buy" and an average price target of $16.77.

Venture Global Stock Down 6.1%

NYSE VG traded down $1.03 on Friday, hitting $15.74. 4,848,944 shares of the stock were exchanged, compared to its average volume of 7,547,359. The company has a quick ratio of 1.67, a current ratio of 1.73 and a debt-to-equity ratio of 3.49. The business has a fifty day moving average price of $12.43. Venture Global has a 52-week low of $6.75 and a 52-week high of $25.50.

Venture Global (NYSE:VG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.08). The business had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.83 billion. On average, analysts predict that Venture Global will post 0.52 earnings per share for the current year.

Venture Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be issued a $0.0165 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.07 dividend on an annualized basis and a yield of 0.42%.

Hedge Funds Weigh In On Venture Global

Large investors have recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC bought a new position in Venture Global in the first quarter worth about $1,316,000. Forefront Wealth Management Inc. bought a new position in Venture Global in the first quarter worth about $938,000. KG&L Capital Management LLC bought a new position in Venture Global in the first quarter worth about $359,000. Renaissance Capital LLC bought a new position in Venture Global in the first quarter worth about $1,439,000. Finally, Center for Financial Planning Inc. bought a new position in Venture Global in the first 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.