Venture Global (NYSE:VG) Now Covered by UBS Group

UBS Group assumed coverage on shares of Venture Global (NYSE:VG) in a research note issued to investors on Friday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $14.00 price objective on the stock.

A number of other equities research analysts have also issued reports on the company. JPMorgan Chase & Co. lowered their target price on Venture Global from $25.00 to $16.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Royal Bank of Canada began coverage on shares of Venture Global in a research note on Tuesday, February 18th. They set an “outperform” rating and a $20.00 price objective on the stock. Mizuho decreased their target price on shares of Venture Global from $25.00 to $18.00 and set an “outperform” rating for the company in a research note on Tuesday, March 11th. Wells Fargo & Company lowered their price target on shares of Venture Global from $18.00 to $11.00 and set an “equal weight” rating for the company in a report on Tuesday, March 11th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Venture Global in a report on Tuesday, February 18th. They issued a “buy” rating and a $19.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Venture Global presently has an average rating of “Moderate Buy” and a consensus target price of $17.25.

Venture Global Stock Performance

NYSE VG opened at $7.41 on Friday. Venture Global has a one year low of $7.31 and a one year high of $25.50. The firm has a 50 day simple moving average of $13.30.

Venture Global (NYSE:VG) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The business had revenue of $1.52 billion for the quarter. Equities research analysts predict that Venture Global will post 0.52 EPS for the current year.

Venture Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were issued a $0.0165 dividend. This represents a $0.07 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend was Monday, March 10th.

Insider Buying and Selling at Venture Global

In other Venture Global news, Director Jimmy D. Staton acquired 49,000 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was purchased at an average price of $10.13 per share, with a total value of $496,370.00. Following the completion of the acquisition, the director now directly owns 49,000 shares in the company, valued at $496,370. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Robert B. Pender bought 250,000 shares of the company’s stock in a transaction on Monday, March 10th. The shares were acquired at an average cost of $9.37 per share, for a total transaction of $2,342,500.00. Following the completion of the acquisition, the insider now directly owns 250,000 shares of the company’s stock, valued at $2,342,500. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have bought 803,000 shares of company stock worth $8,108,260 over the last quarter. 4.72% of the stock is owned by corporate insiders.

About Venture Global

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.