Venture Global, Inc. (NYSE:VG) Given Consensus Rating of “Moderate Buy” by Brokerages

Venture Global, Inc. (NYSE:VG) has received an average rating of “Moderate Buy” from the eleven ratings firms that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $17.55.

A number of brokerages recently issued reports on VG. Citigroup decreased their target price on Venture Global from $18.00 to $11.00 and set a “neutral” rating on the stock in a report on Tuesday. The Goldman Sachs Group set a $20.00 price target on Venture Global and gave the stock a “buy” rating in a research note on Friday, March 7th. JPMorgan Chase & Co. reduced their price objective on shares of Venture Global from $25.00 to $16.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. StockNews.com cut shares of Venture Global from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Mizuho cut their price target on shares of Venture Global from $25.00 to $18.00 and set an “outperform” rating on the stock in a report on Tuesday.

Insider Transactions at Venture Global

In other news, insider Michael Sabel purchased 234,500 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was acquired at an average price of $10.53 per share, with a total value of $2,469,285.00. Following the purchase, the insider now owns 1,185,885 shares in the company, valued at $12,487,369.05. This represents a 24.65 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert B. Pender acquired 269,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $10.39 per share, for a total transaction of $2,800,105.00. Following the transaction, the insider now owns 719,885 shares of the company’s stock, valued at approximately $7,479,605.15. This represents a 59.84 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 803,000 shares of company stock valued at $8,108,260. 4.72% of the stock is owned by insiders.

Venture Global Stock Performance

Shares of Venture Global stock opened at $10.65 on Friday. Venture Global has a 52 week low of $8.62 and a 52 week high of $25.50.

Venture Global (NYSE:VG) last released its earnings results on Thursday, March 6th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The business had revenue of $1.52 billion during the quarter. Sell-side analysts anticipate that Venture Global will post 0.52 earnings per share for the current year.

Venture Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a dividend of $0.0165 per share. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend is Monday, March 10th.

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.