Venture Global, Inc. (NYSE:VG) Receives $17.55 Average Target Price from Brokerages

Venture Global, Inc. (NYSE:VG) has been assigned an average recommendation of “Moderate Buy” from the eleven ratings firms that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $17.55.

VG has been the subject of several recent research reports. Sanford C. Bernstein initiated coverage on shares of Venture Global in a research note on Tuesday, February 4th. They set a “market perform” rating and a $20.00 target price for the company. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Venture Global in a research note on Tuesday, February 18th. They set a “buy” rating and a $19.00 target price for the company. StockNews.com lowered shares of Venture Global from a “hold” rating to a “sell” rating in a research note on Saturday, March 15th. JPMorgan Chase & Co. cut their target price on shares of Venture Global from $25.00 to $16.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Finally, Mizuho reduced their price target on shares of Venture Global from $25.00 to $18.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th.

Venture Global Stock Performance

Venture Global stock opened at $11.20 on Friday. Venture Global has a 12-month low of $8.62 and a 12-month high of $25.50.

Venture Global (NYSE:VG) last posted its quarterly earnings data on Thursday, March 6th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. The company had revenue of $1.52 billion during the quarter. As a group, research analysts predict that Venture Global will post 0.52 EPS for the current year.

Venture Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a dividend of $0.0165 per share. This represents a $0.07 annualized dividend and a yield of 0.59%. The ex-dividend date is Monday, March 10th.

Insider Buying and Selling at Venture Global

In related news, Director Jimmy D. Staton purchased 49,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were bought at an average price of $10.13 per share, for a total transaction of $496,370.00. Following the completion of the acquisition, the director now directly owns 49,000 shares in the company, valued at approximately $496,370. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert B. Pender purchased 250,000 shares of the stock in a transaction on Monday, March 10th. The shares were bought at an average price of $9.37 per share, for a total transaction of $2,342,500.00. Following the acquisition, the insider now owns 250,000 shares of the company’s stock, valued at approximately $2,342,500. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 803,000 shares of company stock worth $8,108,260 over the last 90 days. Insiders own 4.72% of the company’s stock.

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.