Venture Global (NYSE:VG) Now Covered by Capital One Financial

Analysts at Capital One Financial began coverage on shares of Venture Global (NYSE:VG) in a research report issued on Tuesday, MarketBeat reports. The firm set an “equal weight” rating and a $11.00 price target on the stock. Capital One Financial‘s price objective suggests a potential upside of 32.07% from the stock’s current price.

Several other analysts have also recently issued reports on the stock. UBS Group upgraded shares of Venture Global from a “neutral” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Monday, August 25th. Weiss Ratings reiterated a “sell (d)” rating on shares of Venture Global in a report on Wednesday, October 8th. Tudor Pickering upgraded shares of Venture Global to a “hold” rating in a report on Tuesday, September 2nd. Wells Fargo & Company upped their price target on shares of Venture Global from $12.00 to $14.00 and gave the company an “equal weight” rating in a report on Thursday, August 14th. Finally, Mizuho reiterated a “neutral” rating and set a $12.00 price target (down from $17.00) on shares of Venture Global in a report on Friday, October 10th. Eight equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $15.93.

Venture Global Stock Down 2.8%

Shares of NYSE VG opened at $8.33 on Tuesday. The firm’s 50-day moving average price is $12.09 and its 200-day moving average price is $12.93. The company has a current ratio of 1.39, a quick ratio of 1.33 and a debt-to-equity ratio of 3.38. The stock has a market capitalization of $20.22 billion and a price-to-earnings ratio of 13.22. Venture Global has a 12-month low of $6.75 and a 12-month high of $25.50.

Insider Buying and Selling

In other Venture Global news, insider Thomas Earl sold 840,076 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $13.74, for a total value of $11,542,644.24. The sale was disclosed in a filing with the SEC, which is available through this link. In the last 90 days, insiders have sold 1,500,000 shares of company stock valued at $20,561,011. 86.73% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Venture Global

A number of hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. bought a new position in shares of Venture Global during the second quarter valued at approximately $26,000. AdvisorNet Financial Inc bought a new position in shares of Venture Global during the second quarter valued at approximately $28,000. Future Financial Wealth Managment LLC boosted its stake in shares of Venture Global by 66.7% during the third quarter. Future Financial Wealth Managment LLC now owns 5,000 shares of the company’s stock valued at $71,000 after purchasing an additional 2,000 shares in the last quarter. Amplify Investments LLC boosted its stake in shares of Venture Global by 39.9% during the third quarter. Amplify Investments LLC now owns 7,504 shares of the company’s stock valued at $106,000 after purchasing an additional 2,142 shares in the last quarter. Finally, Center for Financial Planning Inc. boosted its stake in shares of Venture Global by 60.2% during the second quarter. Center for Financial Planning Inc. now owns 5,792 shares of the company’s stock valued at $90,000 after purchasing an additional 2,176 shares in the last quarter.

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.