Venture Global, Inc. (NYSE:VG) Receives Average Recommendation of “Moderate Buy” from Brokerages

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

VG has been the topic of several recent analyst reports. StockNews.com cut Venture Global from a “hold” rating to a “sell” rating in a report on Saturday, March 15th. Deutsche Bank Aktiengesellschaft initiated coverage on Venture Global in a research note on Tuesday, February 18th. They issued a “buy” rating and a $19.00 price objective on the stock. JPMorgan Chase & Co. decreased their target price on Venture Global from $25.00 to $16.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Wells Fargo & Company dropped their price target on shares of Venture Global from $18.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 11th. Finally, Citigroup reduced their price objective on shares of Venture Global from $18.00 to $11.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th.

Insider Buying and Selling

In other Venture Global news, insider Michael Sabel acquired 234,500 shares of Venture Global stock in a transaction that occurred on Friday, March 14th. The stock was purchased at an average cost 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 approximately $12,487,369.05. The trade was a 24.65 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robert B. Pender bought 269,500 shares of the stock in a transaction 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 purchase, the insider now owns 719,885 shares in the company, valued at approximately $7,479,605.15. This represents a 59.84 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 803,000 shares of company stock valued at $8,108,260. Company insiders own 4.72% of the company’s stock.

Venture Global Trading Down 0.7 %

NYSE:VG opened at $11.70 on Friday. Venture Global has a 1 year low of $8.62 and a 1 year 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, beating the consensus estimate of $0.30 by $0.03. The company 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.

Venture Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a dividend of $0.0165 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.56%.

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.