Venture Global (NYSE:VG) Announces Earnings Results, Beats Estimates By $0.03 EPS

Venture Global (NYSE:VG) issued its quarterly earnings data on Thursday. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03, Zacks reports.

Venture Global Stock Performance

Shares of Venture Global stock traded down $3.44 during trading on Thursday, hitting $10.79. The stock had a trading volume of 16,901,063 shares, compared to its average volume of 7,957,559. Venture Global has a fifty-two week low of $10.15 and a fifty-two week high of $25.50.

Venture Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a $0.0165 dividend. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend is Monday, March 10th.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on VG shares. Scotiabank initiated coverage on shares of Venture Global in a research report on Tuesday, February 18th. They set a “sector perform” rating and a $17.00 price target for the company. Deutsche Bank Aktiengesellschaft started coverage on shares of Venture Global in a research report on Tuesday, February 18th. They issued a “buy” rating and a $19.00 target price for the company. StockNews.com cut shares of Venture Global from a “hold” rating to a “sell” rating in a research report on Tuesday. Sanford C. Bernstein assumed coverage on Venture Global in a research note on Tuesday, February 4th. They set a “market perform” rating and a $20.00 price objective on the stock. Finally, Guggenheim started coverage on Venture Global in a research report on Tuesday, February 18th. They issued a “buy” rating and a $27.00 target price for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Venture Global has a consensus rating of “Moderate Buy” and an average target price of $21.91.

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.