The Goldman Sachs Group Forecasts Strong Price Appreciation for Venture Global (NYSE:VG) Stock

Venture Global (NYSE:VGGet Free Report) had its price target upped by analysts at The Goldman Sachs Group from $15.00 to $18.50 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s target price would indicate a potential upside of 7.53% from the stock’s current price.

A number of other brokerages have also commented on VG. Morgan Stanley raised Venture Global from an “underweight” rating to an “overweight” rating and increased their price target for the company from $8.00 to $22.00 in a research note on Monday. Scotiabank lifted their price objective on Venture Global from $9.00 to $11.00 and gave the stock a “sector perform” rating in a research note on Tuesday, March 17th. Wall Street Zen upgraded Venture Global from a “sell” rating to a “hold” rating in a research report on Sunday. Wells Fargo & Company raised their target price on shares of Venture Global from $8.00 to $10.00 and gave the company an “equal weight” rating in a report on Thursday, March 5th. Finally, US Capital Advisors upgraded shares of Venture Global to a “moderate sell” rating in a research report on Monday, December 15th. Eight analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $14.57.

Get Our Latest Report on Venture Global

Venture Global Price Performance

NYSE VG traded up $1.41 on Tuesday, reaching $17.21. The company had a trading volume of 32,558,905 shares, compared to its average volume of 19,916,135. The stock has a market capitalization of $42.12 billion, a PE ratio of 20.03 and a beta of 5.70. Venture Global has a 12 month low of $5.72 and a 12 month high of $19.50. The company has a quick ratio of 0.87, a current ratio of 0.93 and a debt-to-equity ratio of 3.24. The firm’s 50 day moving average price is $10.44 and its 200 day moving average price is $9.70.

Venture Global (NYSE:VGGet Free Report) last released its quarterly earnings data on Monday, March 2nd. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.35 by $0.06. The business had revenue of $4.45 billion during the quarter. Venture Global had a net margin of 18.38% and a return on equity of 27.96%. Venture Global’s revenue was up 191.7% on a year-over-year basis. As a group, equities analysts predict that Venture Global will post 0.52 earnings per share for the current year.

Insider Buying and Selling

In other news, VP Fory Musser sold 1,000,000 shares of Venture Global stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $10.90, for a total value of $10,900,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jonathan W. Thayer sold 2,611,111 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $16.08, for a total value of $41,986,664.88. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 5,872,223 shares of company stock valued at $82,002,870 over the last quarter. Company insiders own 86.73% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada bought a new stake in shares of Venture Global in the 1st quarter worth about $2,150,000. Integrated Wealth Concepts LLC bought a new position in Venture Global during the 1st quarter valued at about $152,000. NewEdge Advisors LLC purchased a new stake in Venture Global in the 1st quarter worth about $460,000. SG Americas Securities LLC purchased a new stake in Venture Global in the 2nd quarter worth about $216,000. Finally, Entropy Technologies LP bought a new stake in Venture Global in the second quarter worth about $294,000.

Key Venture Global News

Here are the key news stories impacting Venture Global this week:

Venture Global Company Profile

(Get Free Report)

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.

Read More

Analyst Recommendations for Venture Global (NYSE:VG)

Receive News & Ratings for Venture Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Venture Global and related companies with MarketBeat.com's FREE daily email newsletter.