Venture Global (NYSE:VG) Coverage Initiated at UBS Group

UBS Group started coverage on shares of Venture Global (NYSE:VG - Get Free Report) in a report issued on Friday, Marketbeat reports. The firm set a "buy" rating and a $14.00 price target on the stock. UBS Group's price target suggests a potential upside of 88.93% from the company's previous close.

A number of other brokerages have also recently issued reports on VG. The Goldman Sachs Group set a $20.00 price objective on shares of Venture Global and gave the company a "buy" rating in a research note on Friday, March 7th. Scotiabank reduced their target price on Venture Global from $17.00 to $15.00 and set a "sector perform" rating on the stock in a report on Friday, March 7th. Guggenheim lowered their price target on Venture Global from $27.00 to $20.00 and set a "buy" rating for the company in a report on Monday, March 10th. Sanford C. Bernstein began 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. Finally, Deutsche Bank Aktiengesellschaft started coverage on Venture Global in a research report on Tuesday, February 18th. They issued a "buy" rating and a $19.00 price objective for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $17.25.

Remove Ads

Venture Global Stock Down 17.5 %

Shares of VG traded down $1.57 during trading hours on Friday, hitting $7.41. 16,850,501 shares of the stock traded hands, compared to its average volume of 8,566,570. The firm has a fifty day simple moving average of $13.30. Venture Global has a 1-year low of $7.31 and a 1-year high of $25.50.

Venture Global (NYSE:VG - Get Free Report) last released its earnings results on Thursday, March 6th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. The business had revenue of $1.52 billion for the quarter. Analysts anticipate that Venture Global will post 0.52 EPS for the current year.

Insider Transactions at Venture Global

In related news, insider Robert B. Pender purchased 269,500 shares of Venture Global stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average cost of $10.39 per share, with a total value of $2,800,105.00. Following the completion of the transaction, the insider now owns 719,885 shares of the company's stock, valued at approximately $7,479,605.15. This trade represents a 59.84 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Sabel purchased 234,500 shares of the stock in a transaction on Friday, March 14th. The shares were bought at an average cost of $10.53 per share, for a total transaction of $2,469,285.00. Following the transaction, the insider now directly owns 1,185,885 shares in the company, valued at approximately $12,487,369.05. The trade was a 24.65 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 803,000 shares of company stock worth $8,108,260 in the last three months. Insiders own 4.72% of the company's stock.

Venture Global Company Profile

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.