Venture Global (NYSE:VG) Earns “Market Perform” Rating from Sanford C. Bernstein

Venture Global (NYSE:VG)‘s stock had its “market perform” rating reaffirmed by investment analysts at Sanford C. Bernstein in a report released on Tuesday, Benzinga reports. They presently have a $14.00 price target on the stock. Sanford C. Bernstein‘s price objective points to a potential upside of 18.70% from the company’s previous close.

Several other equities research analysts have also recently weighed in on VG. Royal Bank Of Canada reiterated an “outperform” rating on shares of Venture Global in a report on Wednesday, October 7th. Mizuho raised their price target on Venture Global from $13.00 to $15.00 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. Weiss Ratings upgraded Venture Global from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, September 28th. The Goldman Sachs Group restated a “buy” rating on shares of Venture Global in a report on Friday, October 9th. Finally, Zacks Research lowered shares of Venture Global from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. Ten investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Venture Global currently has a consensus rating of “Moderate Buy” and an average price target of $16.87.

Venture Global Trading Up 2.3%

Venture Global stock opened at $11.79 on Tuesday. The firm has a 50 day moving average of $13.59 and a 200 day moving average of $12.76. The firm has a market capitalization of $29.49 billion, a price-to-earnings ratio of 9.45 and a beta of 0.22. Venture Global has a 12-month low of $5.72 and a 12-month high of $17.62. The company has a current ratio of 1.19, a quick ratio of 1.11 and a debt-to-equity ratio of 3.44.

Venture Global (NYSE:VG) last released its earnings results on Tuesday, November 10th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.46. Venture Global had a net margin of 21.24% and a return on equity of 34.08%. The company had revenue of $4.76 billion for the quarter. During the same quarter in the previous year, the business posted $0.16 EPS. As a group, research analysts predict that Venture Global will post 1.79 earnings per share for the current year.

Insider Activity at Venture Global

In other Venture Global news, COO Brian Cothran sold 152,660 shares of the company’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $16.15, for a total transaction of $2,465,459.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jonathan W. Thayer sold 111,111 shares of the stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $13.86, for a total value of $1,539,998.46. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,493,553 shares of company stock valued at $35,074,470 over the last quarter. 84.24% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Ancora Advisors LLC lifted its holdings in shares of Venture Global by 3.8% during the 2nd quarter. Ancora Advisors LLC now owns 27,000 shares of the company’s stock valued at $301,000 after purchasing an additional 1,000 shares during the last quarter. SBI Securities Co. Ltd. boosted its position in shares of Venture Global by 11.3% in the 3rd quarter. SBI Securities Co. Ltd. now owns 13,484 shares of the company’s stock worth $170,000 after purchasing an additional 1,371 shares in the last quarter. Prime Capital Investment Advisors LLC grew its stake in Venture Global by 7.0% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 22,054 shares of the company’s stock worth $279,000 after buying an additional 1,442 shares during the last quarter. Moors & Cabot Inc. grew its stake in Venture Global by 3.8% during the 3rd quarter. Moors & Cabot Inc. now owns 40,825 shares of the company’s stock worth $516,000 after buying an additional 1,500 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its stake in Venture Global by 10.1% during the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 17,587 shares of the company’s stock worth $222,000 after buying an additional 1,618 shares during the last quarter.

About Venture Global

Venture Global, Inc is a U.S. liquefied natural gas (LNG) company that develops, constructs and operates facilities to produce and export LNG. Its activities include sourcing natural gas, processing it into LNG and delivering the fuel to customers in international markets, often through long-term supply agreements.

Founded in 2013, the company is based in Arlington, Virginia, and focuses its LNG projects on Louisiana’s Gulf Coast. Its facilities include Calcasieu Pass and Plaquemines LNG, while it is also developing additional export capacity, including the proposed CP2 project.

Venture Global is led by co-founder and Chief Executive Officer Mike Sabel.