Venture Global, Inc.’s (NYSE:VG) Quiet Period To Expire on March 5th

Venture Global’s (NYSE:VG) quiet period is set to end on Wednesday, March 5th. Venture Global had issued 70,000,000 shares in its IPO on January 24th. The total size of the offering was $1,750,000,000 based on an initial share price of $25.00. During the company’s quiet period, insiders and underwriters that worked on the IPO are restricted from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. The Goldman Sachs Group started coverage on Venture Global in a research note on Tuesday, February 18th. They set a “buy” rating and a $29.00 price objective for the company. Royal Bank of Canada initiated coverage on shares of Venture Global in a research note on Tuesday, February 18th. They issued an “outperform” rating and a $20.00 price objective for the company. Deutsche Bank Aktiengesellschaft began 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 on the stock. Guggenheim assumed coverage on Venture Global in a research note on Tuesday, February 18th. They issued a “buy” rating and a $27.00 price target for the company. Finally, Mizuho assumed coverage on Venture Global in a report on Tuesday, February 18th. They set an “outperform” rating and a $25.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.91.

Venture Global Stock Performance

VG opened at $14.13 on Wednesday. Venture Global has a 52 week low of $13.87 and a 52 week high of $25.50.

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.