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Michael Sabel, Chief Executive Officer of Venture Global, Inc. (NASDAQ:VG), made a significant purchase of the company’s stock, according to a recent SEC filing. The move comes as InvestingPro data shows the stock has declined nearly 60% over the past year, with current analysis indicating the stock is trading above its Fair Value. On March 11, Sabel acquired 200,385 shares of Class A Common Stock, with the transaction valued at approximately $1.98 million. The shares were bought at a weighted average price of $9.86 per share, with prices ranging from $9.55 to $10.26. Following this transaction, Sabel’s direct ownership in the company increased to 450,385 shares. This move underscores Sabel’s ongoing commitment and confidence in Venture Global, a key player in natural gas distribution with a market capitalization of $21.7 billion. While the company maintains a strong gross profit margin of 61%, InvestingPro analysis reveals it operates with significant debt and faces cash burn challenges. Analysts remain optimistic, forecasting sales growth and profitability for the current year.
In other recent news, Venture Global has faced several adjustments to its financial outlook and stock price targets. Citi analysts revised their price target for Venture Global to $11, citing lower than expected EBITDA guidance for 2025 and altered expectations for LNG margins. Mizuho (NYSE:MFG) Securities also lowered their price target from $25 to $18, maintaining an Outperform rating, and noted that the market’s reaction to the company’s financial update might have been overly severe. Bernstein SocGen adjusted their target to $12, following Venture Global’s first earnings report, which revealed EBITDA projections below market expectations.
Guggenheim analysts reduced their price target to $20 from $27, maintaining a Buy rating despite the company’s fourth-quarter earnings and 2025 guidance falling short of consensus estimates. The analysts pointed to a weakening merchant commodity market and rising costs as key factors affecting the company’s performance. Venture Global’s management has highlighted positive aspects, such as production exceeding capacity at times and progress at the Plaquemines project, though these were overshadowed by capital cost inflation. The company has announced plans for an 18.6 million tonnes per annum expansion at the Plaquemines facility, with a final investment decision expected by mid-2027. Despite the challenges, analysts like Guggenheim continue to support Venture Global’s long-term prospects, suggesting that demand will eventually outpace supply.
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