Venture Global (NYSE:VG) Now Covered by Analysts at UBS Group

Equities research analysts at UBS Group started coverage on shares of Venture Global (NYSE:VG) in a research report issued on Friday, MarketBeat.com reports. The brokerage set a “buy” rating and a $14.00 price target on the stock. UBS Group’s price objective points to a potential upside of 88.93% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on the stock. Wells Fargo & Company reduced their price target on shares of Venture Global from $18.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 11th. Royal Bank of Canada initiated coverage on Venture Global in a report on Tuesday, February 18th. They set an “outperform” rating and a $20.00 target price on the stock. Bank of America started coverage on Venture Global in a report on Tuesday, February 18th. They issued a “buy” rating and a $23.00 price target for the company. Guggenheim cut their price target on shares of Venture Global from $27.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, March 10th. Finally, JPMorgan Chase & Co. cut their price target on Venture Global from $25.00 to $16.00 and set an “overweight” rating on the stock in a report on Friday, March 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $17.25.

Venture Global Stock Down 17.5 %

Shares of Venture Global stock opened at $7.41 on Friday. Venture Global has a 12 month low of $7.31 and a 12 month high of $25.50. The business’s fifty day moving average is $13.30.

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

Insiders Place Their Bets

In other Venture Global news, insider Michael Sabel purchased 234,500 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was purchased at an average cost of $10.53 per share, for a total transaction of $2,469,285.00. Following the transaction, the insider now owns 1,185,885 shares in the company, valued at $12,487,369.05. The trade was a 24.65 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Robert B. Pender purchased 269,500 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average price of $10.39 per share, for a total transaction of $2,800,105.00. Following the acquisition, the insider now owns 719,885 shares of the company’s stock, valued at $7,479,605.15. This trade represents a 59.84 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 803,000 shares of company stock valued at $8,108,260. 4.72% of the stock is currently owned by insiders.

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.