Venture Global, Inc. (NYSE:VG) to Issue Quarterly Dividend of $0.02

Venture Global, Inc. (NYSE:VG) announced a quarterly dividend on Tuesday, March 3rd. Investors of record on Monday, March 16th will be paid a dividend of 0.018 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, March 16th. This is a 5.9% increase from Venture Global’s previous quarterly dividend of $0.02.

Venture Global Stock Down 6.0%

VG traded down $0.69 during mid-day trading on Wednesday, reaching $10.77. 17,598,918 shares of the stock were exchanged, compared to its average volume of 13,113,720. Venture Global has a 1 year low of $5.72 and a 1 year high of $19.50. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.77 and a current ratio of 0.83. The stock has a market capitalization of $26.37 billion, a PE ratio of 12.52 and a beta of 5.70. The company has a 50 day moving average price of $8.76 and a two-hundred day moving average price of $9.67.

Venture Global (NYSE:VG) last released its quarterly earnings results on Monday, March 2nd. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.06. Venture Global had a net margin of 18.38% and a return on equity of 29.17%. The company had revenue of $4.45 billion for the quarter. Venture Global’s quarterly revenue was up 191.7% compared to the same quarter last year. As a group, research analysts anticipate that Venture Global will post 0.52 EPS for the current year.

Analyst Upgrades and Downgrades

VG has been the topic of a number of research analyst reports. Zacks Research upgraded Venture Global from a “strong sell” rating to a “hold” rating in a research note on Friday, February 13th. Raymond James Financial began coverage on Venture Global in a report on Monday, February 2nd. They set an “outperform” rating and a $11.00 price target on the stock. Wells Fargo & Company set a $8.00 price objective on Venture Global in a research note on Monday, December 15th. Scotiabank set a $9.00 target price on Venture Global in a research note on Friday, January 16th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Venture Global in a report on Monday, December 29th. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Venture Global currently has an average rating of “Hold” and a consensus price target of $12.91.

Venture Global Company Profile

Venture Global (NYSE: VG) is a Houston-based energy company that develops, constructs and operates large-scale liquefied natural gas (LNG) export facilities in the United States. The company focuses on converting domestically produced natural gas into LNG for shipment to international markets, positioning itself as a supplier of pipeline-quality gas in vessel-ready form for global customers.

Venture Global’s core activities include site development, engineering and construction of liquefaction and export terminals, commissioning and ongoing operations of those facilities, and commercial marketing of LNG under both long-term and short-term contracts.