Venture Global, Inc. (NYSE:VG) Stock Has Average Price Target of $16.87

by · The Markets Daily

Shares of Venture Global, Inc. (NYSE:VG – Get Free Report) have been given a consensus rating of “Moderate Buy” by the sixteen analysts that are presently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $16.87.

VG has been the subject of several recent research reports. The Goldman Sachs Group restated a “buy” rating on shares of Venture Global in a research report on Friday, October 9th. Zacks Research downgraded Venture Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th. Sanford C. Bernstein restated a “market perform” rating and issued a $14.00 target price on shares of Venture Global in a research report on Friday, October 16th. Scotiabank lifted their price objective on shares of Venture Global from $15.00 to $16.00 and gave the company a “sector perform” rating in a research note on Thursday, September 10th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Venture Global in a research report on Wednesday, October 7th.

Read Our Latest Research Report on VG

Insider Activity

In other Venture Global news, CFO Jonathan Thayer sold 111,111 shares of the company’s stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $12.70, for a total value of $1,411,109.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Sarah Blake sold 1,000,000 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $14.02, for a total value of $14,020,000.00. The SEC filing for this sale provides additional information. Insiders have sold 2,493,553 shares of company stock valued at $35,074,470 over the last 90 days. Corporate insiders own 84.24% of the company’s stock.

Institutional Trading of Venture Global

A number of large investors have recently added to or reduced their stakes in VG. Ancora Advisors LLC increased its position in shares of Venture Global by 3.8% in the second quarter. Ancora Advisors LLC now owns 27,000 shares of the company’s stock worth $301,000 after acquiring an additional 1,000 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of Venture Global by 11.3% during the third quarter. SBI Securities Co. Ltd. now owns 13,484 shares of the company’s stock valued at $170,000 after acquiring an additional 1,371 shares during the period. Prime Capital Investment Advisors LLC lifted its position in shares of Venture Global by 7.0% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 22,054 shares of the company’s stock valued at $279,000 after acquiring an additional 1,442 shares in the last quarter. Moors & Cabot Inc. lifted its position in shares of Venture Global by 3.8% in the 3rd quarter. Moors & Cabot Inc. now owns 40,825 shares of the company’s stock valued at $516,000 after acquiring an additional 1,500 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its position in shares of Venture Global by 10.1% in the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 17,587 shares of the company’s stock valued at $222,000 after acquiring an additional 1,618 shares in the last quarter.

Venture Global Stock Performance

Shares of NYSE VG opened at $11.50 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.19 and a debt-to-equity ratio of 3.44. The firm’s 50-day moving average price is $13.64 and its two-hundred day moving average price is $12.75. Venture Global has a 52-week low of $5.72 and a 52-week high of $17.62. The stock has a market capitalization of $28.76 billion, a P/E ratio of 9.06 and a beta of 0.22.

Venture Global (NYSE:VG – Get Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. Venture Global had a return on equity of 34.08% and a net margin of 21.24%. The business had revenue of $4.58 billion during the quarter. As a group, sell-side analysts forecast that Venture Global will post 1.79 earnings per share for the current year.

Venture Global Company Profile

(Get Free Report)

Venture Global, Inc is a U.S. liquefied natural gas (LNG) company that develops, constructs and operates facilities to produce and export LNG. Its activities include sourcing natural gas, processing it into LNG and delivering the fuel to customers in international markets, often through long-term supply agreements.

Founded in 2013, the company is based in Arlington, Virginia, and focuses its LNG projects on Louisiana’s Gulf Coast. Its facilities include Calcasieu Pass and Plaquemines LNG, while it is also developing additional export capacity, including the proposed CP2 project.

Venture Global is led by co-founder and Chief Executive Officer Mike Sabel.

Recommended Stories