Venture Global, Inc.’s (NYSE:VG) Lock-Up Period Set To Expire on July 23rd

Venture Global’s (NYSE:VG) lock-up period will end on Wednesday, July 23rd. 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. After the expiration of Venture Global’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Analyst Ratings Changes

Several equities research analysts recently issued reports on VG shares. UBS Group cut shares of Venture Global from a “buy” rating to a “neutral” rating and raised their target price for the stock from $14.00 to $18.00 in a report on Thursday, June 12th. Royal Bank Of Canada dropped their target price on shares of Venture Global from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Monday, May 5th. Scotiabank set a $16.00 target price on shares of Venture Global and gave the stock a “sector perform” rating in a report on Tuesday. Bank of America raised their target price on shares of Venture Global from $12.00 to $18.50 and gave the stock a “buy” rating in a report on Wednesday, June 25th. Finally, Johnson Rice started coverage on shares of Venture Global in a report on Tuesday, June 17th. They issued a “buy” rating and a $20.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Venture Global has a consensus rating of “Hold” and an average target price of $16.69.

Venture Global Trading Up 0.2%

Shares of NYSE VG opened at $16.33 on Friday. The firm has a 50-day simple moving average of $14.34. The company has a quick ratio of 1.67, a current ratio of 1.73 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.

Venture Global (NYSE:VG) last released its quarterly earnings data on Tuesday, May 13th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.08). The company had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.83 billion. Analysts anticipate that Venture Global will post 0.52 EPS for the current fiscal year.

Venture Global Dividend Announcement

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

Institutional Trading of Venture Global

Several institutional investors have recently modified their holdings of VG. Renaissance Capital LLC acquired a new position in Venture Global in the 1st quarter valued at $1,439,000. Defined Wealth Management LLC acquired a new position in Venture Global in the 1st quarter valued at $114,000. Wealth Enhancement Advisory Services LLC acquired a new position in Venture Global in the 1st quarter valued at $156,000. Exchange Traded Concepts LLC acquired a new position in Venture Global in the 1st quarter valued at $1,316,000. Finally, Forefront Wealth Management Inc. acquired a new position in Venture Global in the 1st quarter valued at $938,000.

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.