Shares of Venture Global, Inc. (NYSE:VG – Get Free Report) have earned an average rating of “Moderate Buy” from the thirteen brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $16.77.
VG has been the topic of a number of research reports. The Goldman Sachs Group cut their target price on shares of Venture Global from $20.00 to $17.50 and set a “buy” rating on the stock in a research report on Wednesday, May 14th. Guggenheim cut their target price on shares of Venture Global from $27.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, March 10th. Mizuho cut their target price on shares of Venture Global from $25.00 to $18.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Citigroup cut their target price on shares of Venture Global from $18.00 to $11.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Finally, Wall Street Zen downgraded shares of Venture Global from a “hold” rating to a “sell” rating in a research report on Saturday, June 14th.
Read Our Latest Analysis on Venture Global
Institutional Trading of Venture Global
Venture Global Trading Down 3.3%
Shares of VG opened at $16.17 on Monday. Venture Global has a 1-year low of $6.75 and a 1-year high of $25.50. The firm’s 50-day moving average is $11.97. The company has a debt-to-equity ratio of 3.49, a current ratio of 1.73 and a quick ratio of 1.67.
Venture Global (NYSE:VG – Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.83 billion. Equities research analysts predict that Venture Global will post 0.52 EPS for the current year.
Venture Global Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.0165 per share. This represents a $0.07 annualized dividend and a yield of 0.41%. The ex-dividend date is Tuesday, June 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.
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