Venture Global (NYSE:VG – Get Free Report) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday, Zacks reports.
VG has been the topic of a number of other research reports. US Capital Advisors set a $13.00 target price on Venture Global in a research report on Friday, May 29th. Raymond James Financial reaffirmed an “outperform” rating and set a $16.00 price target on shares of Venture Global in a research note on Wednesday, May 20th. 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 report on Thursday. Weiss Ratings lowered shares of Venture Global from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, July 20th. Finally, The Goldman Sachs Group set a $18.00 target price on shares of Venture Global in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $16.13.
Venture Global Price Performance
Shares of NYSE VG opened at $15.79 on Thursday. The company has a fifty day moving average price of $13.76 and a 200 day moving average price of $13.09. The firm has a market cap of $39.47 billion, a PE ratio of 12.43, a PEG ratio of 0.63 and a beta of 0.26. The company has a current ratio of 1.19, a quick ratio of 1.11 and a debt-to-equity ratio of 3.44. Venture Global has a 1-year low of $5.72 and a 1-year high of $17.62.
Venture Global (NYSE:VG – Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.01. The firm had revenue of $4.58 billion for the quarter. Venture Global had a return on equity of 34.08% and a net margin of 21.24%. Research analysts predict that Venture Global will post 1.65 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, CFO Jonathan Thayer sold 111,111 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $13.86, for a total transaction of $1,539,998.46. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jimmy Staton sold 66,000 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $13.35, for a total value of $881,100.00. Following the transaction, the director owned 1,083,000 shares in the company, valued at approximately $14,458,050. This trade represents a 5.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,340,893 shares of company stock valued at $32,404,567 in the last quarter. Company insiders own 84.24% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Corecam AG acquired a new position in shares of Venture Global in the 2nd quarter valued at approximately $2,401,000. Y Intercept Hong Kong Ltd boosted its position in shares of Venture Global by 304.4% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 149,214 shares of the company’s stock worth $2,352,000 after acquiring an additional 112,318 shares in the last quarter. Bleakley Financial Group LLC acquired a new stake in shares of Venture Global during the 1st quarter worth approximately $2,235,000. Clough Capital Partners L P bought a new position in Venture Global in the first quarter valued at approximately $7,961,000. Finally, Catalyst Capital Advisors LLC raised its position in Venture Global by 53.1% during the fourth quarter. Catalyst Capital Advisors LLC now owns 2,871,398 shares of the company’s stock valued at $19,583,000 after purchasing an additional 995,725 shares in the last quarter.
About Venture Global
Venture Global, Inc is a liquefied natural gas (LNG) company that develops, constructs and operates LNG export facilities in the United States. The company sources natural gas from domestic markets, liquefies it at its coastal facilities and supplies LNG to customers in international markets.
Venture Global’s operating and development portfolio is concentrated along the U.S. Gulf Coast. Its Calcasieu Pass LNG facility in Louisiana has entered commercial operations, while its Plaquemines LNG project in Louisiana is being developed and brought into service.
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