Venture Global (NYSE:VG) Announces Quarterly Earnings Results

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

Venture Global Stock Performance

NYSE VG traded down $3.44 during midday trading on Thursday, hitting $10.79. The company had a trading volume of 16,901,063 shares, compared to its average volume of 7,957,559. Venture Global has a fifty-two week low of $10.15 and a fifty-two week high of $25.50.

Venture Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a dividend of $0.0165 per share. This represents a $0.07 annualized dividend and a yield of 0.61%. The ex-dividend date is Monday, March 10th.

Wall Street Analyst Weigh In

VG has been the subject of a number of research reports. Sanford C. Bernstein initiated coverage on Venture Global in a research report on Tuesday, February 4th. They set a “market perform” rating and a $20.00 price objective for the company. Wells Fargo & Company began coverage on Venture Global in a report on Tuesday, February 18th. They issued an “equal weight” rating and a $18.00 price objective on the stock. 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 set an “outperform” rating and a $25.00 price target on the stock. Finally, Scotiabank initiated coverage on shares of Venture Global in a research note on Tuesday, February 18th. They issued a “sector perform” rating and a $17.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $21.91.

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.