Gold bars to be exempt from tariffs, White House clarifies
Investing.com - Scotiabank (TSX:BNS) raised its price target on Venture Global (NYSE:VG) to $16.00 from $13.00 on Tuesday, while maintaining a Sector Perform rating on the liquefied natural gas company. With a current market capitalization of $40.6 billion and analyst targets ranging from $11 to $21, InvestingPro data suggests the stock is trading above its Fair Value.
The price target increase follows Venture Global’s quarterly 8-K filing on July 8, which detailed volumes sold and average net liquefaction fees across its operations.
Scotiabank noted that while volumes from the company’s Calcasieu Pass facility aligned with estimates, Plaquemines volumes exceeded forecasts, contributing to the more optimistic outlook.
Despite the volume strength, the weighted margin of approximately $5.22 per MMBtu came in below Scotiabank’s $5.77 estimate, prompting the firm to decrease its Q2 2025 consolidated EBITDA estimate by about $140 million to $1.26 billion.
Scotiabank still raised its full-year 2025 EBITDA estimate by approximately $100 million to $6.7 billion, citing higher expected commodity prices for the remainder of the year.
In other recent news, Venture Global has announced significant developments that could interest investors. The company reported exporting 38 cargos totaling approximately 140.2 trillion British thermal units (TBtu) from its Calcasieu Pass facility and 51 cargos totaling roughly 190.5 TBtu from its Plaquemines LNG facility for the second quarter of 2025. Goldman Sachs has raised its price target for Venture Global to $18.00, maintaining a Buy rating, and expects the company to report second-quarter EBITDA of $1,264 million, surpassing the consensus estimate. Venture Global has expanded its LNG supply deal with Germany’s SEFE, increasing the total volume from the CP2 LNG project to 3.0 million tonnes per annum under a 20-year contract. The company has also signed a new 20-year Sales and Purchase Agreement with PETRONAS LNG Ltd., marking a significant expansion of its relationship with the Malaysian energy giant. This agreement with PETRONAS adds to the sales from CP2 Phase One, which now total approximately 10.75 million tonnes per annum. These recent developments highlight Venture Global’s growing role in the global LNG market, with the company positioned to become a major supplier to Germany and other international markets.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.