Venture Global, Inc. (VG) to Issue Quarterly Dividend of $0.02 on December 31st

Venture Global, Inc. (NYSE:VG) announced a quarterly dividend on Monday, December 1st. Investors of record on Monday, December 15th will be given a dividend of 0.017 per share on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, December 15th.

Venture Global Trading Down 1.8%

Shares of VG stock traded down $0.11 on Friday, hitting $6.13. 9,765,676 shares of the stock traded hands, compared to its average volume of 9,687,214. The firm’s 50-day moving average price is $8.37 and its two-hundred day moving average price is $12.45. The stock has a market capitalization of $15.00 billion and a PE ratio of 7.86. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.77 and a current ratio of 0.83. Venture Global has a twelve month low of $5.87 and a twelve month high of $25.50.

Venture Global (NYSE:VG) last released its quarterly earnings data on Monday, November 10th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). Venture Global had a net margin of 21.99% and a return on equity of 29.55%. The business had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.23 billion. The company’s revenue was up 259.5% compared to the same quarter last year. As a group, analysts anticipate that Venture Global will post 0.52 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Mizuho reaffirmed a “neutral” rating and issued a $12.00 target price (down previously from $17.00) on shares of Venture Global in a research report on Friday, October 10th. Wells Fargo & Company decreased their price objective on shares of Venture Global from $14.00 to $11.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 12th. Zacks Research downgraded shares of Venture Global from a “hold” rating to a “strong sell” rating in a report on Friday, November 28th. Scotiabank cut their target price on Venture Global from $13.00 to $12.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 13th. Finally, JPMorgan Chase & Co. lowered their price target on Venture Global from $16.00 to $10.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Eight equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Venture Global presently has a consensus rating of “Hold” and an average price target of $14.46.

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.