Venture Global (NYSE:VG) Stock Price Expected to Rise, Mizuho Analyst Says

Venture Global (NYSE:VG) had its target price hoisted by investment analysts at Mizuho from $12.00 to $13.00 in a report released on Thursday, Marketbeat Ratings reports. The firm currently has a “neutral” rating on the stock. Mizuho’s price target indicates a potential upside of 13.57% from the company’s current price.

A number of other research firms have also commented on VG. JPMorgan Chase & Co. decreased their price target on Venture Global from $19.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Citigroup increased their price target on Venture Global from $9.00 to $12.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 4th. Royal Bank Of Canada increased their price target on Venture Global from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. New Street Research set a $15.00 price target on Venture Global in a research report on Tuesday, March 3rd. Finally, Bank of America lifted their target price on Venture Global from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $15.83.

Venture Global Trading Down 2.1%

Shares of VG opened at $11.45 on Thursday. Venture Global has a 1 year low of $5.72 and a 1 year high of $19.50. The company has a current ratio of 0.93, a quick ratio of 0.87 and a debt-to-equity ratio of 3.24. The stock has a 50 day simple moving average of $13.21 and a 200-day simple moving average of $9.88. The stock has a market cap of $28.12 billion, a PE ratio of 13.31, a PEG ratio of 0.86 and a beta of 0.44.

Venture Global (NYSE:VG) last issued its earnings results on Monday, March 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.06. The business had revenue of $4.45 billion during the quarter. Venture Global had a return on equity of 27.96% and a net margin of 18.38%.Venture Global’s revenue was up 191.7% on a year-over-year basis. On average, sell-side analysts predict that Venture Global will post 1.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Sarah Blake sold 300,000 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $11.85, for a total value of $3,555,000.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Fory Musser sold 1,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $10.90, for a total value of $10,900,000.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 6,094,446 shares of company stock worth $84,601,768 in the last three months. 84.24% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Venture Global

Institutional investors and hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Venture Global in the second quarter valued at approximately $26,000. MAI Capital Management bought a new stake in shares of Venture Global in the third quarter valued at approximately $29,000. UMB Bank n.a. lifted its stake in Venture Global by 161.2% during the third quarter. UMB Bank n.a. now owns 2,949 shares of the company’s stock worth $42,000 after purchasing an additional 1,820 shares during the last quarter. Blue Trust Inc. lifted its stake in Venture Global by 1,750.0% during the fourth quarter. Blue Trust Inc. now owns 3,700 shares of the company’s stock worth $25,000 after purchasing an additional 3,500 shares during the last quarter. Finally, Harbour Investments Inc. bought a new position in shares of Venture Global in the 4th quarter valued at $29,000.

About Venture Global

Venture Global (NYSE: VG) is a Houston-based energy company that develops, constructs and operates large-scale liquefied natural gas (LNG) export facilities in the United States. The company focuses on converting domestically produced natural gas into LNG for shipment to international markets, positioning itself as a supplier of pipeline-quality gas in vessel-ready form for global customers.

Venture Global’s core activities include site development, engineering and construction of liquefaction and export terminals, commissioning and ongoing operations of those facilities, and commercial marketing of LNG under both long-term and short-term contracts.