Venture Global (NYSE:VG) Stock Breaks Below 200 Day Moving Average – Time to Sell?

Shares of Venture Global, Inc. (NYSE:VG) passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $12.72 and traded as low as $11.63. Venture Global shares last traded at $11.9980, with a volume of 25,874,152 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on VG shares. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Venture Global in a report on Friday, October 9th. Weiss Ratings raised Venture Global from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, September 28th. Royal Bank Of Canada reissued an “outperform” rating on shares of Venture Global in a research note on Wednesday, October 7th. Sanford C. Bernstein restated a “market perform” rating and set a $14.00 price target on shares of Venture Global in a report on Friday, October 16th. Finally, Zacks Research downgraded Venture Global from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Venture Global presently has an average rating of “Moderate Buy” and a consensus target price of $16.87.

Venture Global Stock Performance

The stock’s 50 day moving average price is $13.64 and its 200 day moving average price is $12.75. 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 company has a market capitalization of $28.76 billion, a P/E ratio of 9.06 and a beta of 0.22.

Venture Global (NYSE:VG) last announced its earnings results on Monday, August 10th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The business had revenue of $4.58 billion during the quarter. Venture Global had a net margin of 21.24% and a return on equity of 34.08%. As a group, equities analysts expect that Venture Global, Inc. will post 1.77 EPS for the current year.

Insider Buying and Selling

In related news, Director Sari Granat sold 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $13.49, for a total transaction of $2,698,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Fory Musser sold 447,534 shares of Venture Global stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $14.02, for a total value of $6,274,426.68. The SEC filing for this sale provides additional information. Insiders sold 2,493,553 shares of company stock worth $35,074,470 over the last three months. Insiders own 84.24% of the company’s stock.

Hedge Funds Weigh In On Venture Global

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

Venture Global Company Profile

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.