Venture Global (NYSE:VG) Stock Price Up 3.7% – What’s Next?

Shares of Venture Global, Inc. (NYSE:VG) were up 3.7% during mid-day trading on Monday . The stock traded as high as $10.35 and last traded at $10.32. Approximately 994,926 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 8,535,928 shares. The stock had previously closed at $9.95.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on VG shares. Wells Fargo & Company cut their price objective on Venture Global from $18.00 to $11.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 11th. Guggenheim cut their price target on Venture Global from $27.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, March 10th. JPMorgan Chase & Co. decreased their price objective on Venture Global from $25.00 to $16.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Deutsche Bank Aktiengesellschaft started coverage on Venture Global in a research report on Tuesday, February 18th. They set a “buy” rating and a $19.00 price target for the company. Finally, Scotiabank lowered their price target on shares of Venture Global from $17.00 to $15.00 and set a “sector perform” rating on the stock in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.55.

Venture Global Trading Up 4.4 %

Venture Global (NYSE:VG) last issued its quarterly earnings data on Thursday, March 6th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $1.52 billion during the quarter. On average, equities research analysts forecast that Venture Global, Inc. will post 0.52 earnings per share for the current fiscal year.

Venture Global Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Monday, March 10th. This represents a $0.07 dividend on an annualized basis and a yield of 0.64%.

Insider Transactions at Venture Global

In other news, Director Jimmy D. Staton acquired 49,000 shares of Venture Global stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average price of $10.13 per share, for a total transaction of $496,370.00. Following the transaction, the director now directly owns 49,000 shares of the company’s stock, valued at approximately $496,370. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Sabel purchased 234,500 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were purchased at an average cost of $10.53 per share, for a total transaction of $2,469,285.00. Following the completion of the purchase, the insider now directly owns 1,185,885 shares of the company’s stock, valued at approximately $12,487,369.05. This represents a 24.65 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 803,000 shares of company stock valued at $8,108,260. 4.72% of the stock is owned by corporate insiders.

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.