Venture Global Stock Earnings Estimates Raised by Scotiabank

Venture Global, Inc. (NYSE:VG) – Research analysts at Scotiabank boosted their FY2027 earnings per share (EPS) estimates for shares of Venture Global in a report released on Thursday, October 22nd. Scotiabank analyst B. Bingham now forecasts that the company will earn $1.52 per share for the year, up from their previous estimate of $1.27. Scotiabank currently has a “Sector Perform” rating and a $16.00 target price on the stock. The consensus estimate for Venture Global’s current full-year earnings is $1.75 per share.

Venture Global (NYSE:VG) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. The firm had revenue of $4.58 billion for the quarter.

Several other research analysts also recently commented on the stock. Zacks Research downgraded shares of Venture Global from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. Weiss Ratings upgraded shares of Venture Global from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, September 28th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Venture Global in a research note on Wednesday, October 7th. Wells Fargo & Company raised shares of Venture Global from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $15.00 to $21.00 in a report on Tuesday, October 20th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Venture Global in a research report on Friday, October 9th. Ten research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Venture Global has an average rating of “Moderate Buy” and a consensus price target of $16.50.

Venture Global Stock Up 0.4%

Shares of VG opened at $13.81 on Monday. The stock has a 50 day simple moving average of $13.81 and a two-hundred day simple moving average of $12.54. Venture Global has a 1 year low of $5.72 and a 1 year high of $17.62.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in VG. Corecam AG bought a new position in shares of Venture Global during the second quarter valued at approximately $2,401,000. Y Intercept Hong Kong Ltd boosted its holdings in Venture Global by 304.4% in the first quarter. Y Intercept Hong Kong Ltd now owns 149,214 shares of the company’s stock valued at $2,352,000 after acquiring an additional 112,318 shares in the last quarter. Bleakley Financial Group LLC bought a new stake in Venture Global in the first quarter valued at $2,235,000. Artemis Investment Management LLP boosted its holdings in Venture Global by 754.3% in the third quarter. Artemis Investment Management LLP now owns 7,143,406 shares of the company’s stock valued at $90,293,000 after acquiring an additional 6,307,200 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH purchased a new position in Venture Global during the 2nd quarter valued at $1,446,000.

Insiders Place Their Bets

In other Venture Global news, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Jonathan Thayer sold 111,111 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $13.86, for a total value of $1,539,998.46. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 2,493,553 shares of company stock worth $35,074,470. 84.24% of the stock is currently owned by corporate insiders.

Venture Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.2%. The ex-dividend date was Tuesday, September 15th. This is a positive change from Venture Global’s previous quarterly dividend of $0.0180.

About Venture Global

Venture Global, Inc (NYSE:VG) is a U.S.-based liquefied natural gas (LNG) company that develops, constructs, owns and operates LNG export facilities. The company sources natural gas, processes it into LNG and exports the product to customers in international energy markets.

Venture Global’s operating and development portfolio is concentrated along the U.S. Gulf Coast, particularly in Louisiana. Its projects include the Calcasieu Pass LNG facility, the Plaquemines LNG facility and additional proposed developments such as CP2 LNG and Delta LNG.