UBS Group Begins Coverage on Venture Global (NYSE:VG)

Research analysts at UBS Group assumed coverage on shares of Venture Global (NYSE:VG) in a 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 target price would suggest a potential upside of 88.93% from the company’s previous close.

A number of other equities analysts have also commented on VG. JPMorgan Chase & Co. dropped their price objective on Venture Global from $25.00 to $16.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Guggenheim cut their price target on Venture Global from $27.00 to $20.00 and set a “buy” rating for the company in a report on Monday, March 10th. Sanford C. Bernstein assumed coverage on shares of Venture Global in a research note on Tuesday, February 4th. They issued a “market perform” rating and a $20.00 price objective on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Venture Global in a report on Tuesday, February 18th. They issued a “buy” rating and a $19.00 price target for the company. Finally, Citigroup dropped their price objective on shares of Venture Global from $18.00 to $11.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Venture Global has an average rating of “Moderate Buy” and an average target price of $17.25.

Venture Global Price Performance

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 stock’s 50 day moving average is $13.30.

Venture Global (NYSE:VG) last posted its quarterly earnings data on Thursday, March 6th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. The firm had revenue of $1.52 billion for the quarter. As a group, equities analysts predict that Venture Global will post 0.52 EPS for the current fiscal year.

Insider Buying and Selling at Venture Global

In other Venture Global news, insider Robert B. Pender bought 269,500 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were bought at an average price of $10.39 per share, for a total transaction of $2,800,105.00. Following the completion of the acquisition, the insider now owns 719,885 shares of the company’s stock, valued at approximately $7,479,605.15. This trade represents a 59.84 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jimmy D. Staton purchased 49,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of $10.13 per share, with a total value of $496,370.00. Following the completion of the acquisition, the director now directly owns 49,000 shares of the company’s stock, valued at $496,370. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 803,000 shares of company stock worth $8,108,260 over the last three months. Company insiders own 4.72% of the company’s stock.

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.