Venture Global, Inc.’s (NYSE:VG) Quiet Period Will End Tomorrow

Venture Global’s (NYSE:VG) quiet period is set to end on Wednesday, March 5th. Venture Global had issued 70,000,000 shares in its IPO on January 24th. The total size of the offering was $1,750,000,000 based on an initial share price of $25.00. During Venture Global’s quiet period, insiders and any underwriters that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analysts Set New Price Targets

A number of analysts have recently weighed in on VG shares. Scotiabank initiated coverage on Venture Global in a research note on Tuesday, February 18th. They issued a “sector perform” rating and a $17.00 target price for the company. Deutsche Bank Aktiengesellschaft started coverage on shares of Venture Global in a research report on Tuesday, February 18th. They set a “buy” rating and a $19.00 target price on the stock. Sanford C. Bernstein started coverage on Venture Global in a research note on Tuesday, February 4th. They issued a “market perform” rating and a $20.00 target price for the company. JPMorgan Chase & Co. started coverage on Venture Global in a report on Tuesday, February 18th. They set an “overweight” rating and a $25.00 price objective for the company. Finally, The Goldman Sachs Group initiated coverage on shares of Venture Global in a research note on Tuesday, February 18th. They issued a “buy” rating and a $29.00 target price on the stock. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $21.91.

Venture Global Price Performance

Shares of NYSE:VG opened at $13.94 on Tuesday. Venture Global has a fifty-two week low of $13.73 and a fifty-two week high of $25.50.

Venture Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a $0.0165 dividend. This represents a $0.07 annualized dividend and a dividend yield of 0.47%. The ex-dividend date is Monday, March 10th.

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.