Venture Global (NYSE:VG) Price Target Lowered to $16.00 at JPMorgan Chase & Co.

Venture Global (NYSE:VG) had its target price lowered by equities research analysts at JPMorgan Chase & Co. from $19.00 to $16.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 27.73% from the stock’s current price.

Several other equities analysts have also recently issued reports on VG. Weiss Ratings upgraded shares of Venture Global from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, March 18th. Raymond James Financial reissued an “outperform” rating and set a $13.00 price objective on shares of Venture Global in a report on Thursday, March 5th. Royal Bank Of Canada raised their target price on shares of Venture Global from $11.00 to $14.00 and gave the stock an “outperform” rating in a report on Friday, March 13th. Morgan Stanley raised shares of Venture Global from an “underweight” rating to an “overweight” rating and lifted their target price for the stock from $8.00 to $22.00 in a research report on Monday, March 23rd. Finally, The Goldman Sachs Group boosted their target price on shares of Venture Global from $15.00 to $18.50 and gave the company a “buy” rating in a research note on Tuesday, March 24th. Eight research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $15.50.

Venture Global Stock Down 1.8%

Shares of Venture Global stock traded down $0.22 on Tuesday, reaching $12.53. The company’s stock had a trading volume of 8,043,537 shares, compared to its average volume of 22,021,666. Venture Global has a 52 week low of $5.72 and a 52 week high of $19.50. The firm’s fifty day simple moving average is $12.34 and its two-hundred day simple moving average is $9.85. The company has a quick ratio of 0.87, a current ratio of 0.93 and a debt-to-equity ratio of 3.24. The company has a market capitalization of $30.78 billion, a price-to-earnings ratio of 14.61, a P/E/G ratio of 1.01 and a beta of 1.84.

Venture Global (NYSE:VG) last released its quarterly earnings data on Monday, March 2nd. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.35 by $0.06. Venture Global had a return on equity of 27.96% and a net margin of 18.38%.The company had revenue of $4.45 billion for the quarter. The firm’s revenue was up 191.7% compared to the same quarter last year. Equities analysts anticipate that Venture Global will post 0.52 earnings per share for the current year.

Insider Buying and Selling at Venture Global

In related news, insider Thomas Earl sold 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $11.83, for a total transaction of $11,830,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Fory Musser sold 1,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $10.90, for a total transaction of $10,900,000.00. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 5,872,223 shares of company stock worth $82,002,870. 86.73% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Venture Global

A number of institutional investors have recently bought and sold shares of VG. Northwestern Mutual Wealth Management Co. bought a new position in shares of Venture Global in the second quarter worth about $26,000. MAI Capital Management bought a new stake in Venture Global during the 3rd quarter worth approximately $29,000. UMB Bank n.a. raised its stake in Venture Global by 161.2% during the 3rd quarter. UMB Bank n.a. now owns 2,949 shares of the company’s stock worth $42,000 after acquiring an additional 1,820 shares during the period. Blue Trust Inc. lifted its holdings in Venture Global by 1,750.0% during the fourth quarter. Blue Trust Inc. now owns 3,700 shares of the company’s stock valued at $25,000 after purchasing an additional 3,500 shares in the last quarter. Finally, Harbour Investments Inc. bought a new position in Venture Global in the 4th quarter worth $29,000.

Venture Global Company Profile

Venture Global (NYSE: VG) is a Houston-based energy company that develops, constructs and operates large-scale liquefied natural gas (LNG) export facilities in the United States. The company focuses on converting domestically produced natural gas into LNG for shipment to international markets, positioning itself as a supplier of pipeline-quality gas in vessel-ready form for global customers.

Venture Global’s core activities include site development, engineering and construction of liquefaction and export terminals, commissioning and ongoing operations of those facilities, and commercial marketing of LNG under both long-term and short-term contracts.