Scotiabank Reiterates “$16.00” Price Target for Venture Global (NYSE:VG)

Scotiabank set a $16.00 price objective on Venture Global (NYSE:VG) in a research report report published on Tuesday, MarketBeat.com reports. The firm currently has a sector perform rating on the stock.

Several other equities research analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft cut Venture Global from a “buy” rating to a “hold” rating and set a $17.00 target price on the stock. in a report on Monday. Wells Fargo & Company reiterated a “reduce” rating on shares of Venture Global in a research note on Wednesday, May 14th. Johnson Rice started coverage on shares of Venture Global in a report on Tuesday, June 17th. They set a “buy” rating and a $20.00 target price on the stock. JPMorgan Chase & Co. reduced their price target on shares of Venture Global from $16.00 to $15.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Finally, UBS Group lowered shares of Venture Global from a “buy” rating to a “neutral” rating and lifted their target price for the company from $14.00 to $18.00 in a research report on Thursday, June 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Venture Global has an average rating of “Hold” and an average price target of $16.69.

Venture Global Stock Performance

Shares of VG stock opened at $16.33 on Tuesday. The company’s fifty day simple moving average is $14.34. The company has a debt-to-equity ratio of 3.49, a current ratio of 1.73 and a quick ratio of 1.67. Venture Global has a 12 month low of $6.75 and a 12 month high of $25.50.

Venture Global (NYSE:VG) last released its quarterly earnings data on Tuesday, May 13th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). The business had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.83 billion. As a group, analysts predict that Venture Global will post 0.52 earnings per share for the current year.

Venture Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th were paid a $0.0165 dividend. This represents a $0.07 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend was Tuesday, June 10th.

Institutional Trading of Venture Global

Several institutional investors and hedge funds have recently made changes to their positions in VG. Renaissance Capital LLC purchased a new position in shares of Venture Global during the 1st quarter worth $1,439,000. Defined Wealth Management LLC purchased a new position in Venture Global during the 1st quarter worth approximately $114,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Venture Global in the 1st quarter valued at approximately $156,000. Exchange Traded Concepts LLC purchased a new stake in shares of Venture Global in the first quarter valued at approximately $1,316,000. Finally, Forefront Wealth Management Inc. purchased a new stake in shares of Venture Global in the 1st quarter worth about $938,000.

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.