Brokers Offer Predictions for Venture Global FY2025 Earnings

Venture Global, Inc. (NYSE:VG - Free Report) - Research analysts at Scotiabank issued their FY2025 earnings per share (EPS) estimates for Venture Global in a note issued to investors on Wednesday, March 19th. Scotiabank analyst B. Bingham expects that the company will post earnings per share of $1.86 for the year. Scotiabank currently has a "Sector Perform" rating and a $15.00 target price on the stock. The consensus estimate for Venture Global's current full-year earnings is $0.52 per share. Scotiabank also issued estimates for Venture Global's FY2026 earnings at $1.38 EPS.

VG has been the subject of several other reports. Bank of America started coverage on shares of Venture Global in a report on Tuesday, February 18th. They issued a "buy" rating and a $23.00 price objective for the company. JPMorgan Chase & Co. cut their price target on shares of Venture Global from $25.00 to $16.00 and set an "overweight" rating for the company in a report on Friday, March 7th. Sanford C. Bernstein assumed coverage on Venture Global in a research report on Tuesday, February 4th. They set a "market perform" rating and a $20.00 price target on the stock. Royal Bank of Canada started coverage on Venture Global in a research report on Tuesday, February 18th. They issued an "outperform" rating and a $20.00 price objective for the company. Finally, Wells Fargo & Company cut their price objective on Venture Global from $18.00 to $11.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Venture Global presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.55.

Remove Ads

Venture Global Stock Down 6.9 %

NYSE VG traded down $0.73 during trading on Monday, hitting $9.92. 6,161,157 shares of the company's stock traded hands, compared to its average volume of 8,711,563. Venture Global has a 12-month low of $8.62 and a 12-month high of $25.50.

Venture Global (NYSE:VG - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. The firm had revenue of $1.52 billion for the quarter.

Insiders Place Their Bets

In other news, insider Robert B. Pender bought 269,500 shares of Venture Global stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average price of $10.39 per share, for a total transaction of $2,800,105.00. Following the completion of the acquisition, the insider now owns 719,885 shares of the company's stock, valued at $7,479,605.15. The trade was a 59.84 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Sabel acquired 234,500 shares of the firm's stock in a transaction on Friday, March 14th. The shares were acquired at an average price of $10.53 per share, with a total value of $2,469,285.00. Following the completion of the purchase, the insider now owns 1,185,885 shares of the company's stock, valued at $12,487,369.05. This trade represents a 24.65 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 803,000 shares of company stock worth $8,108,260. 4.72% of the stock is owned by corporate insiders.

Venture Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a dividend of $0.0165 per share. The ex-dividend date is Monday, March 10th. This represents a $0.07 annualized dividend and a yield of 0.67%.

About Venture Global

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.