Brokerages Set Venture Global, Inc. (NYSE:VG) PT at $16.85

Venture Global, Inc. (NYSE:VG) has earned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $17.00.

VG has been the subject of a number of research reports. Wall Street Zen upgraded Venture Global from a “sell” rating to a “hold” rating in a research note on Saturday, June 28th. Bank of America raised their price objective on shares of Venture Global from $12.00 to $18.50 and gave the company a “buy” rating in a research report on Wednesday, June 25th. Scotiabank upped their target price on shares of Venture Global from $13.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 15th. Deutsche Bank Aktiengesellschaft cut shares of Venture Global from a “buy” rating to a “hold” rating and set a $17.00 price target on the stock. in a research note on Monday, July 14th. Finally, Johnson Rice started coverage on shares of Venture Global in a research report on Tuesday, June 17th. They issued a “buy” rating and a $20.00 price objective for the company.

Hedge Funds Weigh In On Venture Global

Several hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. bought a new position in shares of Venture Global during the second quarter worth $26,000. AdvisorNet Financial Inc acquired a new stake in Venture Global during the 2nd quarter worth $28,000. Future Financial Wealth Managment LLC bought a new position in Venture Global during the second quarter worth about $47,000. Center for Financial Planning Inc. acquired a new position in Venture Global in the first quarter valued at about $37,000. Finally, Allworth Financial LP acquired a new position in Venture Global in the second quarter valued at about $63,000.

Venture Global Stock Performance

NYSE:VG opened at $13.74 on Tuesday. The company has a current ratio of 1.39, a quick ratio of 1.67 and a debt-to-equity ratio of 3.38. Venture Global has a 1 year low of $6.75 and a 1 year high of $25.50. The firm has a 50 day moving average of $15.70 and a 200-day moving average of $13.00.

Venture Global (NYSE:VG) last issued 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 business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.83 billion. Venture Global had a net margin of 18.89% and a return on equity of 22.45%. Equities research analysts expect that Venture Global will post 0.52 earnings per share for the current fiscal year.

Venture Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 10th were issued a $0.0165 dividend. This represents a $0.07 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Tuesday, June 10th.

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.