Venture Global (VG-N)
NYSE:VG
8.71
0.26
(2.90%) 1d
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Venture Global (VG-N) recently conducted an IPO, raising $60 billion at a lower-than-expected price, with shares slipping in the wake of the offering. Despite being a profitable natural gas company for the past three years, VG is currently entangled in arbitration due to its decision to increase LNG prices in the wake of the Russian invasion of Ukraine, potentially impacting revenue from existing contracts. The company's latest financial results for the first nine months of 2024 showed significant declines, with revenue down by 45%, operating income down by 72%, and net income down by 79%. However, there’s potential for recovery as VG's second production facility began operations in December. The future of the company is uncertain, yet its strategy of expanding facilities in the Gulf of Mexico could offer a path forward amidst the current turmoil.
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Venture Global(VG-N) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 1
Venture Global(VG-N) Frequently Asked Questions
What is Venture Global stock symbol?
Venture Global is a American stock, trading under the symbol VG-N on the New York Stock Exchange (VG). It is usually referred to as NYSE:VG or VG-N
Is Venture Global a buy or a sell?
In the last year, 1 stock analyst published opinions about VG-N. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Venture Global.
Is Venture Global a good investment or a top pick?
Venture Global was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Venture Global.
Why is Venture Global stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Venture Global worth watching?
In the last year 1 stock analyst on Stockchase covered Venture Global. The stock is worth watching.
What is Venture Global stock price?
On 2025-04-24, Venture Global (VG-N) stock closed at a price of $8.71.
A natural gas company that IPO'd Thursday at an initial price much smaller than expected. Last week, they aimed to raise 50 million shares at $40-60 each, but then raised that to 70 million at $23-27 per. They got a $60 billion valuation out of the gate. Not bad, but below expectations. Then shares slipped Friday today. What went wrong? The company is mired in arbitration. After the Russian invasion of Ukraine, VG started selling its LNG at suddenly-higher LNG prices, instead of at lower prices as previously agreed to existing customers. VG may have to honour those lower contracts. That said, VG has been profitable for at least the last three years, but for the first 9 months of 2024, revenue was -45%, operating income -72% and net income -79%. Their second production facility just started last December, which should help but how much? Their numbers are too noisy. But overall this is a great story. They are building new facilities in the Gulf of Mexico.