Venture Global, Inc. (NYSE:VG) Stock Has Average Price Target of $16.87 According to Analysts

Shares of Venture Global, Inc. (NYSE:VG) have earned an average rating of “Moderate Buy” from the sixteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $16.87.

Several research firms have recently issued reports on VG. Wells Fargo & Company raised Venture Global from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $15.00 to $21.00 in a research report on Tuesday, October 20th. Zacks Research cut Venture Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th. Sanford C. Bernstein reissued a “market perform” rating and issued a $14.00 target price on shares of Venture Global in a report on Friday, October 16th. Scotiabank boosted their target price on Venture Global from $15.00 to $16.00 and gave the company a “sector perform” rating in a report on Thursday, September 10th. Finally, Weiss Ratings raised Venture Global from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, September 28th.

Insider Buying and Selling at Venture Global

In related news, VP Fory Musser sold 447,534 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $14.02, for a total transaction of $6,274,426.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Brian Cothran sold 152,660 shares of Venture Global stock in a transaction on Monday, September 14th. The shares were sold at an average price of $16.15, for a total transaction of $2,465,459.00. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 2,493,553 shares of company stock valued at $35,074,470. 84.24% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of VG. Ancora Advisors LLC lifted its position in shares of Venture Global by 3.8% during the 2nd quarter. Ancora Advisors LLC now owns 27,000 shares of the company’s stock worth $301,000 after purchasing an additional 1,000 shares during the last quarter. SBI Securities Co. Ltd. boosted its stake in Venture Global by 11.3% during the 3rd quarter. SBI Securities Co. Ltd. now owns 13,484 shares of the company’s stock valued at $170,000 after purchasing an additional 1,371 shares during the period. Prime Capital Investment Advisors LLC grew its holdings in Venture Global by 7.0% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 22,054 shares of the company’s stock valued at $279,000 after buying an additional 1,442 shares during the last quarter. Moors & Cabot Inc. grew its holdings in Venture Global by 3.8% in the 3rd quarter. Moors & Cabot Inc. now owns 40,825 shares of the company’s stock valued at $516,000 after buying an additional 1,500 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its position in Venture Global by 10.1% in the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 17,587 shares of the company’s stock worth $222,000 after buying an additional 1,618 shares during the period.

Venture Global Price Performance

VG opened at $11.79 on Thursday. The stock’s 50-day moving average price is $13.59 and its 200 day moving average price is $12.76. Venture Global has a 12-month low of $5.72 and a 12-month high of $17.62. The company has a current ratio of 1.19, a quick ratio of 1.11 and a debt-to-equity ratio of 3.44. The firm has a market cap of $29.49 billion, a price-to-earnings ratio of 9.45 and a beta of 0.22.

Venture Global (NYSE:VG) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.50 by $0.01. Venture Global had a net margin of 21.24% and a return on equity of 34.08%. The business had revenue of $4.58 billion during the quarter. As a group, sell-side analysts expect that Venture Global will post 1.79 earnings per share for the current year.

About Venture Global

Venture Global, Inc is a U.S. liquefied natural gas (LNG) company that develops, constructs and operates facilities to produce and export LNG. Its activities include sourcing natural gas, processing it into LNG and delivering the fuel to customers in international markets, often through long-term supply agreements.

Founded in 2013, the company is based in Arlington, Virginia, and focuses its LNG projects on Louisiana’s Gulf Coast. Its facilities include Calcasieu Pass and Plaquemines LNG, while it is also developing additional export capacity, including the proposed CP2 project.

Venture Global is led by co-founder and Chief Executive Officer Mike Sabel.