Venture Global (NYSE:VG) Price Target Raised to $16.00 at Bank of America

Venture Global (NYSE:VG) had its price objective lifted by equities research analysts at Bank of America from $13.00 to $16.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Bank of America‘s price objective suggests a potential upside of 3.86% from the stock’s current price.

A number of other equities analysts have also recently commented on VG. UBS Group decreased their price target on Venture Global from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, January 22nd. US Capital Advisors upgraded shares of Venture Global to a “moderate sell” rating in a report on Monday, December 15th. JPMorgan Chase & Co. downgraded shares of Venture Global from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $10.00 to $11.00 in a research note on Tuesday, January 27th. The Goldman Sachs Group reiterated a “buy” rating on shares of Venture Global in a report on Tuesday, March 3rd. Finally, Morgan Stanley started coverage on shares of Venture Global in a report on Tuesday, February 24th. They issued an “underweight” rating and a $8.00 price target on the stock. Seven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Venture Global has an average rating of “Hold” and an average target price of $13.57.

Venture Global Trading Up 7.8%

Venture Global stock traded up $1.12 during mid-day trading on Friday, hitting $15.41. The company’s stock had a trading volume of 30,213,983 shares, compared to its average volume of 18,351,930. The business has a 50 day moving average price of $10.11 and a 200-day moving average price of $9.70. Venture Global has a 12 month low of $5.72 and a 12 month high of $19.50. The stock has a market cap of $37.71 billion, a price-to-earnings ratio of 18.06 and a beta of 5.70. The company has a debt-to-equity ratio of 3.24, a current ratio of 0.93 and a quick ratio of 0.87.

Venture Global (NYSE:VG) last released its quarterly earnings data on Monday, March 2nd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.35 by $0.06. Venture Global had a return on equity of 27.96% and a net margin of 18.38%.The firm had revenue of $4.45 billion for the quarter. The company’s quarterly revenue was up 191.7% compared to the same quarter last year. As a group, analysts forecast that Venture Global will post 0.52 EPS for the current year.

Insiders Place Their Bets

In related news, CAO Sarah Blake sold 300,000 shares of the firm’s stock in a transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas Earl sold 1,000,000 shares of Venture Global stock in a transaction on Monday, March 9th. The shares were sold at an average price of $11.83, for a total transaction of $11,830,000.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 5,872,223 shares of company stock worth $82,002,870 in the last ninety days. Insiders own 86.73% of the company’s stock.

Hedge Funds Weigh In On Venture Global

Several hedge funds and other institutional investors have recently modified their holdings of VG. Northwestern Mutual Wealth Management Co. bought a new position in Venture Global in the 2nd quarter valued at approximately $26,000. MAI Capital Management purchased a new position in shares of Venture Global in the third quarter worth $29,000. Delos Wealth Advisors LLC bought a new position in shares of Venture Global during the second quarter valued at $45,000. UMB Bank n.a. boosted its position in shares of Venture Global by 161.2% during the third quarter. UMB Bank n.a. now owns 2,949 shares of the company’s stock valued at $42,000 after buying an additional 1,820 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in Venture Global by 1,750.0% in the 4th quarter. Blue Trust Inc. now owns 3,700 shares of the company’s stock worth $25,000 after buying an additional 3,500 shares in the last quarter.

More Venture Global News

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

• Positive Sentiment: Analyst upgrade lifted sentiment and contributed to intraday buying pressure. Read More.
• Positive Sentiment: Company reportedly secured a large financing package (~$8.6B) to fund projects, which reduces near‑term funding risk and supports growth plans. Read More.
• Positive Sentiment: Geopolitical supply disruption risk (attacks affecting Qatar LNG) tightened the global LNG supply outlook, boosting the value proposition for U.S. exporters including VG. Read More.
• Positive Sentiment: Coverage notes that the company’s next major LNG project is advancing, underpinning longer‑term revenue potential for contract sales. Read More.
• Neutral Sentiment: Some market commentary flagged the recent sharp intraday moves and suggested earnings/estimate revisions could limit immediate further upside. Read More.
• Negative Sentiment: Substantial insider selling by senior executives (CFO Jonathan Thayer sold multi‑million and multi‑million‑share blocks; CAO Sarah Blake sold 200,000 shares and had earlier sales) is a clear near‑term headwind — it can increase supply in the market and raise investor governance/intent questions. See SEC filings and coverage. Read More. Read More.

Venture Global Company Profile

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.