UBS Upgrades Venture Global to Buy, Keeps $18 Price Target

UBS has upgraded Venture Global (VG) to Buy from Neutral, maintaining its $18 price target. This follows various upgrades from other firms, including a 54.17% hike from B of A Securities. Venture Global operates two liquefied natural gas production facilities in Louisiana and aims to become a vertically integrated LNG producer and supplier worldwide.

UBS Group has upgraded Venture Global (VG) to "Buy" from "Neutral," maintaining its $18 price target. This follows a series of positive analyst upgrades, including a significant 54.17% increase from B of A Securities. Venture Global operates two liquefied natural gas (LNG) production facilities in Louisiana and aims to become a vertically integrated LNG producer and supplier globally.

The upgrade by UBS was driven by Venture Global's strong execution and reduced arbitration risk, particularly in the context of the volume ramp-up at Plaquemines LNG. The company's stock price responded positively to the upgrade, rising by 3.8% on Monday [1]. This positive sentiment is echoed by other analysts, with Johnson Rice initiating coverage with a "Buy" rating and a $20.00 price objective. Meanwhile, Royal Bank of Canada lowered its target price from $15.00 to $14.00 but maintained an "outperform" rating [1].

Venture Global's stock opened at $12.85 on Friday, following the UBS report. The company's debt-to-equity ratio is 3.38, with a current ratio of 1.39 and a quick ratio of 1.33. The stock has a 50-day moving average of $15.23 and a 200-day moving average of $12.87. Venture Global's latest dividend was paid on Monday, June 30th, at $0.0165 per share, representing an annualized yield of 0.5% [1].

The upgrade by UBS underscores the importance of monitoring analyst ratings and price targets for investors. While UBS Group's move may indicate a potential slowdown in Venture Global's stock price, other analysts' positive ratings suggest that the company still has potential for growth. Investors should continue to evaluate the company's fundamentals and the broader market conditions when making investment decisions.

References:
[1] https://www.ainvest.com/news/venture-global-ubs-upgrades-buy-neutral-raises-pt-18-2508/