Venture Global, Inc. (VG) To Go Ex-Dividend on September 15th

Venture Global, Inc. (NYSE:VG) declared a quarterly dividend on Friday, August 7th. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.04 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, September 15th. This is a 122.2% increase from Venture Global’s previous quarterly dividend of $0.02.

Venture Global Trading Up 1.9%

Shares of VG stock opened at $15.79 on Friday. Venture Global has a 12-month low of $5.72 and a 12-month high of $17.62. The firm has a 50-day moving average price of $13.76 and a 200 day moving average price of $13.09. The company has a quick ratio of 1.11, a current ratio of 1.19 and a debt-to-equity ratio of 3.44. The company has a market capitalization of $39.47 billion, a P/E ratio of 12.43, a P/E/G ratio of 0.64 and a beta of 0.26.

Venture Global (NYSE:VG) last released its quarterly earnings results on Monday, August 10th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The business had revenue of $4.58 billion for the quarter. Venture Global had a return on equity of 34.08% and a net margin of 21.24%. Research analysts forecast that Venture Global will post 1.68 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Sanford C. Bernstein started coverage on shares of Venture Global in a research report on Tuesday, June 16th. They set a “market perform” rating and a $14.00 target price on the stock. US Capital Advisors set a $13.00 price objective on Venture Global in a report on Friday, May 29th. Raymond James Financial reaffirmed an “outperform” rating and set a $16.00 price target on shares of Venture Global in a research note on Wednesday, May 20th. Wells Fargo & Company raised their price target on Venture Global from $14.00 to $15.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 12th. Finally, Mizuho boosted their price objective on shares of Venture Global from $13.00 to $15.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Venture Global presently has a consensus rating of “Moderate Buy” and an average price target of $16.13.

Venture Global Company Profile

Venture Global, Inc is a liquefied natural gas (LNG) company that develops, constructs and operates LNG export facilities in the United States. The company sources natural gas from domestic markets, liquefies it at its coastal facilities and supplies LNG to customers in international markets.

Venture Global’s operating and development portfolio is concentrated along the U.S. Gulf Coast. Its Calcasieu Pass LNG facility in Louisiana has entered commercial operations, while its Plaquemines LNG project in Louisiana is being developed and brought into service.