Venture Global, Inc. (VG) to Issue Quarterly Dividend of $0.02 on June 30th

Venture Global, Inc. (NYSE:VG) declared a quarterly dividend on Tuesday, June 2nd. Shareholders of record on Monday, June 15th will be paid a dividend of 0.018 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Monday, June 15th.

Venture Global Stock Up 2.5%

Venture Global stock opened at $13.07 on Friday. The company has a market capitalization of $32.48 billion, a P/E ratio of 14.53, a PEG ratio of 0.55 and a beta of 0.27. The company has a debt-to-equity ratio of 3.40, a quick ratio of 0.80 and a current ratio of 0.87. Venture Global has a fifty-two week low of $5.72 and a fifty-two week high of $19.50. The stock has a 50-day simple moving average of $13.00 and a 200-day simple moving average of $10.71.

Venture Global (NYSE:VG) last released its quarterly earnings results on Monday, May 11th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.07. The firm had revenue of $4.60 billion for the quarter. Venture Global had a return on equity of 26.90% and a net margin of 16.94%.The business’s revenue was up 58.9% on a year-over-year basis. Equities research analysts expect that Venture Global will post 1.46 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Bank of America increased their price objective on Venture Global from $13.00 to $16.00 and gave the company a “buy” rating in a report on Friday, March 20th. Citigroup upgraded shares of Venture Global from a “neutral” rating to a “buy” rating and upped their price target for the company from $12.00 to $17.00 in a research report on Wednesday, May 13th. The Goldman Sachs Group set a $18.00 price target on shares of Venture Global in a research note on Thursday, May 14th. Mizuho raised their price objective on shares of Venture Global from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Wells Fargo & Company upped their target price on shares of Venture Global from $10.00 to $14.00 and gave the company an “equal weight” rating in a report on Wednesday, March 25th. Ten investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.31.

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.