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

Venture Global (NYSE:VG) released its earnings results on Thursday. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03, Zacks reports. The business had revenue of $1.52 billion for the quarter.

Venture Global Price Performance

Shares of Venture Global stock opened at $9.23 on Friday. Venture Global has a fifty-two week low of $8.62 and a fifty-two week high of $25.50.

Venture Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a $0.0165 dividend. This represents a $0.07 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Monday, March 10th.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on VG. Deutsche Bank Aktiengesellschaft began coverage on shares of Venture Global in a report on Tuesday, February 18th. They set a “buy” rating and a $19.00 price target on the stock. Royal Bank of Canada initiated coverage on shares of Venture Global in a report on Tuesday, February 18th. They set an “outperform” rating and a $20.00 price target on the stock. Citigroup initiated coverage on shares of Venture Global in a research note on Tuesday, February 18th. They issued a “neutral” rating and a $18.00 price objective on the stock. Scotiabank dropped their price objective on shares of Venture Global from $17.00 to $15.00 and set a “sector perform” rating on the stock in a research note on Friday. Finally, StockNews.com lowered shares of Venture Global from a “hold” rating to a “sell” rating in a research note on Tuesday. One equities 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. According to data from MarketBeat.com, Venture Global currently has an average rating of “Moderate Buy” and an average price target of $20.91.

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.