Venture Global (NYSE:VG) Trading Up 6.7% – Time to Buy?

Shares of Venture Global, Inc. (NYSE:VG) were up 6.7% during mid-day trading on Wednesday . The company traded as high as $13.42 and last traded at $13.3050. Approximately 5,007,914 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 20,670,004 shares. The stock had previously closed at $12.47.

Analyst Ratings Changes

A number of equities analysts have issued reports on VG shares. Royal Bank Of Canada boosted their price objective on shares of Venture Global from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. US Capital Advisors set a $13.00 price objective on shares of Venture Global in a research report on Friday, May 29th. UBS Group boosted their price objective on shares of Venture Global from $19.00 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, March 25th. Morgan Stanley boosted their price objective on shares of Venture Global from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen upgraded shares of Venture Global from a “sell” rating to a “hold” rating in a research report on Sunday, March 22nd. Ten analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, Venture Global has a consensus rating of “Moderate Buy” and a consensus price target of $16.31.

Venture Global Price Performance

The company has a quick ratio of 0.80, a current ratio of 0.87 and a debt-to-equity ratio of 3.40. The firm’s 50-day moving average is $13.03 and its 200-day moving average is $10.69. The company has a market cap of $31.57 billion, a PE ratio of 14.12, a PEG ratio of 0.58 and a beta of 0.27.

Venture Global (NYSE:VG) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.07. Venture Global had a net margin of 16.94% and a return on equity of 26.90%. The company had revenue of $4.60 billion for the quarter. The company’s quarterly revenue was up 58.9% compared to the same quarter last year. On average, equities analysts anticipate that Venture Global, Inc. will post 1.46 EPS for the current year.

Venture Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.018 per share. The ex-dividend date is Monday, June 15th. This represents a $0.07 annualized dividend and a dividend yield of 0.6%. Venture Global’s payout ratio is currently 7.78%.

Insider Activity at Venture Global

In related news, VP Fory Musser sold 2,000,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $13.09, for a total transaction of $26,180,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jonathan W. Thayer sold 2,611,111 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $16.08, for a total transaction of $41,986,664.88. The disclosure for this sale is available in the SEC filing. Insiders have sold 7,881,623 shares of company stock valued at $112,229,295 over the last three months. Corporate insiders own 84.24% of the company’s stock.

Institutional Investors Weigh In On Venture Global

Several hedge funds have recently bought and sold shares of VG. Royal Bank of Canada bought a new stake in Venture Global during the first quarter worth about $2,150,000. Integrated Wealth Concepts LLC bought a new stake in Venture Global during the first quarter worth about $152,000. NewEdge Advisors LLC bought a new stake in Venture Global during the first quarter worth about $460,000. Northwestern Mutual Wealth Management Co. bought a new stake in Venture Global during the second quarter worth about $26,000. Finally, Amundi bought a new stake in Venture Global during the second quarter worth about $213,000.

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.