Venture Global (NYSE:VG) Shares Up 4.4% – Time to Buy?

Venture Global, Inc. (NYSE:VG) traded up 4.4% on Thursday . The stock traded as high as $11.70 and last traded at $11.69. 912,823 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 8,905,607 shares. The stock had previously closed at $11.20.

Analyst Ratings Changes

Several research firms have recently issued reports on VG. Mizuho decreased their price objective on Venture Global from $25.00 to $18.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Guggenheim decreased their target price on Venture Global from $27.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, March 10th. Citigroup dropped their target price on shares of Venture Global from $18.00 to $11.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Scotiabank cut their price target on Venture Global from $17.00 to $15.00 and set a “sector perform” rating for the company in a research note on Friday, March 7th. Finally, StockNews.com lowered Venture Global from a “hold” rating to a “sell” rating in a report on Saturday, March 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.55.

Venture Global Trading Down 0.7 %

Venture Global (NYSE:VG) last posted its earnings results on Thursday, March 6th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. The business had revenue of $1.52 billion for the quarter. On average, research analysts predict that Venture Global, Inc. will post 0.52 earnings per share for the current year.

Venture Global Announces Dividend

The company 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 dividend of $0.0165 per share. The ex-dividend date is Monday, March 10th. This represents a $0.07 dividend on an annualized basis and a yield of 0.56%.

Insider Activity

In other Venture Global news, Director Jimmy D. Staton bought 49,000 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average cost of $10.13 per share, for a total transaction of $496,370.00. Following the transaction, the director now owns 49,000 shares of the company’s stock, valued at $496,370. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Sabel bought 234,500 shares of the company’s stock in a transaction on Friday, March 14th. The stock was bought at an average price of $10.53 per share, for a total transaction of $2,469,285.00. Following the completion of the purchase, the insider now directly owns 1,185,885 shares in the company, valued at approximately $12,487,369.05. This represents a 24.65 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 803,000 shares of company stock valued at $8,108,260 in the last ninety days. 4.72% of the stock is currently owned by company insiders.

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.