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Michael Sabel, Chief Executive Officer and Executive Co-Chairman of Venture Global, Inc. (NASDAQ:VG), has purchased 250,000 shares of Class A Common Stock, according to a recent SEC filing. The acquisition, valued at approximately $2.34 million, was completed at a price of $9.37 per share. The purchase comes as the stock trades near its 52-week low of $8.62, having declined over 62% year-to-date. This transaction increases Sabel’s direct ownership in the company to 250,000 shares. Venture Global, Inc., based in Arlington, Virginia, is a key player in natural gas distribution, with a market capitalization of $21.65 billion and a significant debt-to-equity ratio of 10.29. According to InvestingPro analysis, the company appears overvalued at current levels, though it maintains profitability with earnings per share of $0.57 in the last twelve months. InvestingPro subscribers have access to 16 additional key insights about VG’s financial health and valuation metrics.
In other recent news, Venture Global’s financial updates have prompted several analysts to adjust their price targets and ratings for the company. Mizuho (NYSE:MFG) Securities reduced its price target from $25 to $18 but maintained an Outperform rating, citing Venture Global’s adjusted EBITDA guidance for 2025, which fell short by about $2 billion. Bernstein SocGen also lowered its price target to $12 from $18, retaining a Market Perform rating, following the company’s earnings report that included 2025 EBITDA projections below market expectations. Meanwhile, Guggenheim and Goldman Sachs both cut their price targets to $20, from $27 and $29 respectively, but continued to hold a Buy rating on the stock.
The adjustments were largely driven by Venture Global’s fourth-quarter 2024 earnings report and 2025 guidance, which did not meet consensus estimates. Analysts noted challenges such as a weakening merchant commodity market and rising costs, impacting the company’s financial outlook. Despite these setbacks, there were positive developments, including ahead-of-schedule progress at the Plaquemines project and potential for brownfield and greenfield expansions. Venture Global’s management remains optimistic about the current market conditions and contract terms for their projects, particularly the CP2 project moving toward its Final Investment Decision.
Goldman Sachs highlighted concerns about the company’s ability to capitalize on global gas margins and ongoing development expenses, yet acknowledged the value in Venture Global’s stock amid market volatility. Similarly, Mizuho expressed confidence in the company’s medium-term prospects, emphasizing production excesses and volume guidance. These recent developments reflect a complex landscape for Venture Global as it navigates current challenges and opportunities in the energy sector.
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