Venture Global (NYSE:VG) Sets New 12-Month Low – Time to Sell?

by · The Markets Daily

Venture Global, Inc. (NYSE:VG – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $6.72 and last traded at $6.7620, with a volume of 4302306 shares trading hands. The stock had previously closed at $6.88.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of Venture Global from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Thursday, August 28th. Mizuho restated a “neutral” rating and set a $12.00 price target (down from $17.00) on shares of Venture Global in a research report on Friday, October 10th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $17.50 price objective on shares of Venture Global in a research note on Monday, November 10th. Zacks Research lowered Venture Global from a “hold” rating to a “strong sell” rating in a research note on Friday, November 28th. Finally, JPMorgan Chase & Co. lowered their target price on Venture Global from $16.00 to $10.00 and set an “overweight” rating for the company in a report on Wednesday, November 26th. Eight analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Venture Global presently has a consensus rating of “Hold” and an average price target of $15.00.

Get Our Latest Report on VG

Venture Global Stock Up 2.0%

The company has a debt-to-equity ratio of 3.46, a current ratio of 0.83 and a quick ratio of 0.77. The company has a market capitalization of $17.20 billion and a price-to-earnings ratio of 9.01. The firm has a 50-day moving average price of $9.32 and a two-hundred day moving average price of $12.63.

Venture Global (NYSE:VG – Get Free Report) last released its quarterly earnings results on Monday, November 10th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). Venture Global had a return on equity of 29.55% and a net margin of 21.99%.The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.23 billion. The firm’s quarterly revenue was up 259.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Venture Global, Inc. will post 0.52 earnings per share for the current fiscal year.

Venture Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a dividend of $0.017 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.07 annualized dividend and a dividend yield of 1.0%. Venture Global’s payout ratio is 8.97%.

Insider Buying and Selling

In other Venture Global news, insider Thomas Earl sold 500,000 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $13.69, for a total transaction of $6,845,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Fory Musser sold 42,901 shares of Venture Global stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $7.80, for a total transaction of $334,627.80. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 3,500,000 shares of company stock worth $36,575,740. Company insiders own 86.73% of the company’s stock.

Institutional Trading of Venture Global

Hedge funds have recently modified their holdings of the stock. American Financial Group Inc. grew its stake in Venture Global by 14.3% in the 3rd quarter. American Financial Group Inc. now owns 12,000 shares of the company’s stock valued at $170,000 after buying an additional 1,500 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Venture Global during the second quarter worth approximately $26,000. UMB Bank n.a. grew its position in shares of Venture Global by 161.2% in the third quarter. UMB Bank n.a. now owns 2,949 shares of the company’s stock valued at $42,000 after purchasing an additional 1,820 shares during the last quarter. AdvisorNet Financial Inc bought a new position in shares of Venture Global during the second quarter worth approximately $28,000. Finally, Future Financial Wealth Managment LLC lifted its holdings in Venture Global by 66.7% during the 3rd quarter. Future Financial Wealth Managment LLC now owns 5,000 shares of the company’s stock worth $71,000 after purchasing an additional 2,000 shares during the last quarter.

About Venture Global

(Get Free Report)

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.

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