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

Venture Global (NYSE:VG) released its quarterly earnings results on Thursday. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03, Zacks reports.

Venture Global Stock Down 26.8 %

VG stock traded down $3.82 during trading on Thursday, reaching $10.41. The stock had a trading volume of 19,122,786 shares, compared to its average volume of 7,990,022. Venture Global has a one year low of $10.15 and a one year high of $25.50.

Venture Global Dividend Announcement

The company also recently declared 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. This represents a $0.07 annualized dividend and a yield of 0.63%. The ex-dividend date is Monday, March 10th.

Analysts Set New Price Targets

Several research firms have recently issued reports on VG. Sanford C. Bernstein started coverage on Venture Global in a report on Tuesday, February 4th. They set a “market perform” rating and a $20.00 target price on the stock. Scotiabank initiated coverage on shares of Venture Global in a report on Tuesday, February 18th. They issued a “sector perform” rating and a $17.00 target price on the stock. Guggenheim assumed coverage on shares of Venture Global in a research report on Tuesday, February 18th. They set a “buy” rating and a $27.00 price target on the stock. The Goldman Sachs Group initiated coverage on shares of Venture Global in a research report on Tuesday, February 18th. They set a “buy” rating and a $29.00 price objective for the company. Finally, Citigroup began coverage on Venture Global in a research note on Tuesday, February 18th. They issued a “neutral” rating and a $18.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Venture Global presently has an average rating of “Moderate Buy” and an average price target of $21.91.

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.