Venture Global (NYSE:VG) Coverage Initiated at Johnson Rice

Johnson Rice started coverage on shares of Venture Global (NYSE:VG) in a research report released on Tuesday, Marketbeat reports. The brokerage issued a buy rating and a $20.00 price target on the stock.

A number of other analysts have also recently commented on VG. Citigroup cut their price target on shares of Venture Global from $18.00 to $11.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Wall Street Zen cut shares of Venture Global from a “hold” rating to a “sell” rating in a research report on Saturday, June 14th. JPMorgan Chase & Co. cut their price target on shares of Venture Global from $16.00 to $15.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Bank of America cut their price target on shares of Venture Global from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, April 29th. Finally, UBS Group lowered shares of Venture Global from a “buy” rating to a “neutral” rating and upped their price objective for the company from $14.00 to $18.00 in a report on Thursday, June 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $16.27.

Venture Global Price Performance

Shares of Venture Global stock opened at $18.36 on Tuesday. The company has a current ratio of 1.73, a quick ratio of 1.67 and a debt-to-equity ratio of 3.49. The business has a fifty day simple moving average of $11.22. Venture Global has a twelve month low of $6.75 and a twelve month high of $25.50.

Venture Global (NYSE:VG) last issued its quarterly earnings results on Tuesday, May 13th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.83 billion. Analysts expect that Venture Global will post 0.52 EPS for the current year.

Venture Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $0.0165 per share. The ex-dividend date is Tuesday, June 10th. This represents a $0.07 annualized dividend and a dividend yield of 0.36%.

Hedge Funds Weigh In On Venture Global

Institutional investors have recently made changes to their positions in the stock. Militia Capital Partners LP acquired a new stake in shares of Venture Global in the 1st quarter worth about $194,000. Adalta Capital Management LLC acquired a new stake in shares of Venture Global in the 1st quarter worth about $103,000. Scientech Research LLC acquired a new stake in shares of Venture Global in the 1st quarter worth about $721,000. NewEdge Advisors LLC acquired a new stake in shares of Venture Global in the 1st quarter worth about $460,000. Finally, Millennium Management LLC acquired a new stake in shares of Venture Global in the 1st quarter worth about $32,099,000.

Venture Global Company Profile

Venture Global has fundamentally reshaped the development and construction of liquefied natural gas production, establishing us as a rapidly growing company delivering critical LNG to the world. Our innovative and disruptive approach, which is both scalable and repeatable, allows us to bring LNG to a global market years faster and at a lower cost.