Venture Global (NYSE:VG) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Venture Global (NYSE:VG - Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.03, Zacks reports. The business had revenue of $1.52 billion during the quarter.

Venture Global Price Performance

Venture Global stock traded up $0.13 during trading hours on Friday, hitting $9.23. The company had a trading volume of 16,700,713 shares, compared to its average volume of 9,240,758. Venture Global has a 1 year low of $8.62 and a 1 year high of $25.50.

Venture Global Announces Dividend

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 given a $0.0165 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.07 annualized dividend and a yield of 0.72%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VG. Royal Bank of Canada began coverage on shares of Venture Global in a research note on Tuesday, February 18th. They issued an "outperform" rating and a $20.00 price objective for the company. StockNews.com cut shares of Venture Global from a "hold" rating to a "sell" rating in a research note on Tuesday. Mizuho began coverage on shares of Venture Global in a research note on Tuesday, February 18th. They issued an "outperform" rating and a $25.00 price objective for the company. Deutsche Bank Aktiengesellschaft began coverage on shares of Venture Global in a research note on Tuesday, February 18th. They issued a "buy" rating and a $19.00 price objective for the company. Finally, Citigroup assumed coverage on shares of Venture Global in a research note on Tuesday, February 18th. They issued a "neutral" rating and a $18.00 price objective for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $20.91.

Remove Ads

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.