Venture Global's (NYSE:VG - Get Free Report) quiet period is set to expire on Wednesday, March 5th. Venture Global had issued 70,000,000 shares in its public offering 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 involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the expiration of the company's quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
VG has been the topic of a number of analyst reports. Scotiabank started coverage on Venture Global in a research report on Tuesday, February 18th. They issued a "sector perform" rating and a $17.00 price target on the stock. Mizuho assumed coverage on Venture Global in a report on Tuesday, February 18th. They issued an "outperform" rating and a $25.00 target price on the stock. Royal Bank of Canada assumed coverage on Venture Global in a report on Tuesday, February 18th. They set an "outperform" rating and a $20.00 price target for the company. Citigroup assumed coverage on Venture Global in a research report on Tuesday, February 18th. They issued a "neutral" rating and a $18.00 price target for the company. Finally, JPMorgan Chase & Co. initiated coverage on shares of Venture Global in a research report on Tuesday, February 18th. They set an "overweight" rating and a $25.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $21.91.
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.
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