Venture Global, Inc.'s Quiet Period Will Expire on March 5th (NYSE:VG)

Venture Global's (NYSE:VG - Get Free Report) quiet period will expire on Wednesday, March 5th. Venture Global had issued 70,000,000 shares in its initial public offering on January 24th. The total size of the offering was $1,750,000,000 based on an initial share price of $25.00. During Venture Global's quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company's quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analyst Weigh In

A number of analysts have issued reports on VG shares. StockNews.com raised Venture Global from a "sell" rating to a "hold" rating in a research report on Wednesday, February 19th. Scotiabank started coverage on Venture Global in a research report on Tuesday, February 18th. They set a "sector perform" rating and a $17.00 price objective on the stock. The Goldman Sachs Group started coverage on Venture Global in a research report on Tuesday, February 18th. They set a "buy" rating and a $29.00 price objective on the stock. Guggenheim started coverage on Venture Global in a research report on Tuesday, February 18th. They set a "buy" rating and a $27.00 price objective on the stock. Finally, JPMorgan Chase & Co. started coverage on Venture Global in a research report on Tuesday, February 18th. They set an "overweight" rating and a $25.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.91.

Venture Global Stock Performance

NYSE VG traded up $1.23 during trading hours on Friday, hitting $15.15. The company had a trading volume of 7,148,827 shares, compared to its average volume of 7,898,243. Venture Global has a 1-year low of $13.73 and a 1-year high of $25.50.

Venture Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a $0.0165 dividend. This represents a $0.07 annualized dividend and a yield of 0.44%.

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.