Jul. 17 at 3:28 PM
$VG nice, nice
Zacks Research upgraded Venture Global from “hold” to “strong-buy,” adding to a generally positive analyst backdrop for the LNG company. MarketBeat data shows the stock now carries an average rating of “Moderate Buy” with an average target price of
$15.94.
Venture Global beat quarterly earnings expectations, reporting
$0.19 EPS versus the
$0.12 consensus and posting
$4.60 billion in revenue, up 58.9% year over year. The company also reported strong profitability metrics, including a 26.90% return on equity.
Insider selling has been notable, including recent sales by the COO and CFO, with insiders selling 4.57 million shares worth about
$59.7 million over the last three months. Despite that, institutional investors such as UBS Group and State Street have significantly increased their stakes.
