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

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

Venture Global Stock Down 26.8 %

Shares of NYSE VG traded down $3.82 during trading on Thursday, reaching $10.41. 19,122,786 shares of the company traded hands, compared to its average volume of 7,990,022. Venture Global has a 52-week low of $10.15 and a 52-week high of $25.50.

Venture Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a $0.0165 dividend. This represents a $0.07 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Monday, March 10th.

Analyst Upgrades and Downgrades

VG has been the topic of a number of research reports. Scotiabank assumed coverage on shares of Venture Global in a report on Tuesday, February 18th. They issued a “sector perform” rating and a $17.00 price target on the stock. JPMorgan Chase & Co. began coverage on Venture Global in a research report on Tuesday, February 18th. They set an “overweight” rating and a $25.00 price target on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Venture Global in a research report on Tuesday, February 18th. They set a “buy” rating and a $19.00 price target for the company. The Goldman Sachs Group initiated coverage on Venture Global in a research note on Tuesday, February 18th. They issued a “buy” rating and a $29.00 target price for the company. Finally, Sanford C. Bernstein initiated 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Venture Global currently has a consensus rating of “Moderate Buy” and a consensus target price 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.