Venture Global, Inc. (NYSE:VG) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Venture Global, Inc. (NYSE:VG) have received a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $17.25.

Several research firms recently commented on VG. Guggenheim lowered their target price on Venture Global from $27.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, March 10th. Mizuho reduced their target price on Venture Global from $25.00 to $18.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. Royal Bank of Canada started coverage on Venture Global in a research note on Tuesday, February 18th. They set an “outperform” rating and a $20.00 price target on the stock. UBS Group began coverage on shares of Venture Global in a research note on Friday, April 4th. They set a “buy” rating and a $14.00 price target for the company. Finally, Wells Fargo & Company dropped their price objective on shares of Venture Global from $18.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 11th.

Insider Transactions at Venture Global

In related news, insider Michael Sabel acquired 234,500 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was purchased at an average price of $10.53 per share, for a total transaction of $2,469,285.00. Following the transaction, the insider now owns 1,185,885 shares in the company, valued at $12,487,369.05. This trade represents a 24.65 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jimmy D. Staton acquired 49,000 shares of Venture Global stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average cost of $10.13 per share, for a total transaction of $496,370.00. Following the purchase, the director now directly owns 49,000 shares of the company’s stock, valued at approximately $496,370. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders bought 803,000 shares of company stock valued at $8,108,260 in the last 90 days. 4.72% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Venture Global stock. Renaissance Capital LLC bought a new position in shares of Venture Global, Inc. (NYSE:VG) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 139,695 shares of the company’s stock, valued at approximately $1,439,000. Venture Global accounts for 1.1% of Renaissance Capital LLC’s investment portfolio, making the stock its 23rd biggest position.

Venture Global Stock Performance

Shares of VG stock opened at $8.30 on Wednesday. The firm’s 50-day moving average price is $12.26. Venture Global has a twelve month low of $6.75 and a twelve month high of $25.50.

Venture Global (NYSE:VG) last issued its quarterly earnings data on Thursday, March 6th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. The company had revenue of $1.52 billion during the quarter. As a group, analysts forecast that Venture Global will post 0.52 earnings per share 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 paid a $0.0165 dividend. This represents a $0.07 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend was Monday, March 10th.

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.