Venture Global (NYSE:VG) Posts Earnings Results, Beats Estimates By $0.03 EPS

Venture Global (NYSE:VG) announced its quarterly earnings data on Thursday. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03, Zacks reports. The business had revenue of $1.52 billion during the quarter.

Venture Global Stock Performance

Shares of VG stock opened at $9.23 on Friday. Venture Global has a 52 week low of $8.62 and a 52 week high of $25.50.

Venture Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a dividend of $0.0165 per share. The ex-dividend date is Monday, March 10th. This represents a $0.07 annualized dividend and a yield of 0.72%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Scotiabank dropped their price objective 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. Citigroup began coverage on shares of Venture Global in a research report on Tuesday, February 18th. They set a “neutral” rating and a $18.00 target price for the company. Guggenheim began coverage on shares of Venture Global in a research report on Tuesday, February 18th. They set a “buy” rating and a $27.00 target price for the company. Mizuho began coverage on shares of Venture Global in a research report on Tuesday, February 18th. They set an “outperform” rating and a $25.00 target price for the company. Finally, Royal Bank of Canada began coverage on shares of Venture Global in a research report on Tuesday, February 18th. They set an “outperform” rating and a $20.00 target price for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Venture Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.91.

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.