Venture Global Stock Earnings Estimates Lifted by Scotiabank

Venture Global, Inc. (NYSE:VG) – Equities researchers at Scotiabank lifted their FY2027 earnings per share (EPS) estimates for shares of Venture Global in a research note issued on Thursday, October 22nd. Scotiabank analyst B. Bingham now anticipates that the company will post earnings per share of $1.52 for the year, up from their previous forecast of $1.27. Scotiabank currently has a “Sector Perform” rating and a $16.00 target price on the stock. The consensus estimate for Venture Global’s current full-year earnings is $1.75 per share.

Venture Global (NYSE:VG) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. Venture Global had a return on equity of 34.08% and a net margin of 21.24%. The firm had revenue of $4.58 billion for the quarter.

Several other equities research analysts have also commented on VG. Royal Bank Of Canada restated an “outperform” rating on shares of Venture Global in a research report on Wednesday, October 7th. Mizuho increased their price target on shares of Venture Global from $13.00 to $15.00 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Sanford C. Bernstein reiterated a “market perform” rating and issued a $14.00 price objective on shares of Venture Global in a research note on Friday, October 16th. The Goldman Sachs Group reissued a “buy” rating on shares of Venture Global in a report on Friday, October 9th. Finally, Wells Fargo & Company upgraded shares of Venture Global from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $15.00 to $21.00 in a research report on Tuesday, October 20th. Ten research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $16.50.

Venture Global Trading Down 1.5%

NYSE:VG opened at $13.78 on Monday. Venture Global has a 1 year low of $5.72 and a 1 year high of $17.62. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.11 and a current ratio of 1.19. The stock has a fifty day moving average price of $13.81 and a two-hundred day moving average price of $12.47. The stock has a market capitalization of $34.46 billion, a price-to-earnings ratio of 11.02 and a beta of 0.35.

Venture Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were given a dividend of $0.04 per share. The ex-dividend date was Tuesday, September 15th. This is a positive change from Venture Global’s previous quarterly dividend of $0.0180. This represents a $0.16 dividend on an annualized basis and a yield of 1.2%. Venture Global’s dividend payout ratio (DPR) is presently 12.60%.

Insider Buying and Selling

In related news, COO Brian Cothran sold 152,660 shares of the stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $16.15, for a total value of $2,465,459.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Jonathan Thayer sold 111,111 shares of the company’s stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $12.70, for a total transaction of $1,411,109.70. The SEC filing for this sale provides additional information. Insiders have sold 2,493,553 shares of company stock valued at $35,074,470 in the last three months. 84.24% of the stock is owned by insiders.

Hedge Funds Weigh In On Venture Global

Hedge funds have recently bought and sold shares of the stock. Corecam AG acquired a new stake in Venture Global during the second quarter worth approximately $2,401,000. Y Intercept Hong Kong Ltd increased its stake in Venture Global by 304.4% in the first quarter. Y Intercept Hong Kong Ltd now owns 149,214 shares of the company’s stock valued at $2,352,000 after purchasing an additional 112,318 shares during the last quarter. Bleakley Financial Group LLC acquired a new position in Venture Global in the first quarter valued at $2,235,000. Artemis Investment Management LLP lifted its position in Venture Global by 754.3% during the third quarter. Artemis Investment Management LLP now owns 7,143,406 shares of the company’s stock worth $90,293,000 after buying an additional 6,307,200 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH purchased a new position in Venture Global during the second quarter worth about $1,446,000.

About Venture Global

Venture Global, Inc (NYSE:VG) is a U.S.-based liquefied natural gas (LNG) company that develops, constructs, owns and operates LNG export facilities. The company sources natural gas, processes it into LNG and exports the product to customers in international energy markets.

Venture Global’s operating and development portfolio is concentrated along the U.S. Gulf Coast, particularly in Louisiana. Its projects include the Calcasieu Pass LNG facility, the Plaquemines LNG facility and additional proposed developments such as CP2 LNG and Delta LNG.