Venture Global, Inc. (NYSE:VG) Receives Consensus Rating of “Hold” from Analysts

Shares of Venture Global, Inc. (NYSE:VG) have been assigned a consensus rating of “Hold” from the thirteen analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $16.69.

A number of brokerages have issued reports on VG. Scotiabank set a $16.00 price target on Venture Global and gave the stock a “sector perform” rating in a research note on Tuesday. The Goldman Sachs Group decreased their price target on Venture Global from $20.00 to $17.50 and set a “buy” rating on the stock in a research note on Wednesday, May 14th. UBS Group lowered Venture Global from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $14.00 to $18.00 in a research note on Thursday, June 12th. Royal Bank Of Canada reduced their price objective on Venture Global from $15.00 to $14.00 and set an “outperform” rating on the stock in a research note on Monday, May 5th. Finally, Johnson Rice assumed coverage on Venture Global in a research note on Tuesday, June 17th. They issued a “buy” rating and a $20.00 price objective on the stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. AdvisorNet Financial Inc bought a new stake in Venture Global in the second quarter valued at $28,000. Center for Financial Planning Inc. bought a new stake in Venture Global in the first quarter valued at $37,000. ORG Wealth Partners LLC bought a new stake in Venture Global in the first quarter valued at $60,000. Federated Hermes Inc. bought a new stake in Venture Global in the first quarter valued at $74,000. Finally, Adalta Capital Management LLC bought a new stake in Venture Global in the first quarter valued at $103,000.

Venture Global Stock Up 0.2%

VG opened at $16.33 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.67 and a debt-to-equity ratio of 3.49. Venture Global has a 52 week low of $6.75 and a 52 week high of $25.50. The firm’s fifty day moving average is $14.34.

Venture Global (NYSE:VG) last issued its quarterly earnings results on Tuesday, May 13th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). The business had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.83 billion. On average, equities analysts expect that Venture Global will post 0.52 EPS for the current fiscal year.

Venture Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 10th were issued a $0.0165 dividend. The ex-dividend date was Tuesday, June 10th. This represents a $0.07 annualized dividend and a yield of 0.40%.

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.