Venture Global Inc. (NYSE:VG) is one of the most undervalued and overlooked large-cap stocks. Venture Global is the second-largest U.S. LNG exporter after Cheniere Energy. On August 25, UBS analyst Manav Gupta upgraded Venture Global Inc. (NYSE:VG) to a Buy rating from Neutral, maintaining his price target at $18.
Gupta highlighted the stronger-than-expected commissioning activity at the company’s Plaquemines facility, which he now projects at roughly 600 commissioning cargoes versus company guidance of 550. He estimates this could translate into nearly $1 billion of additional earnings potential, a figure not yet captured in consensus forecasts.
In his view, sustained operational momentum at Plaquemines should narrow Venture Global Inc.’s (NYSE: VG) valuation discount relative to its peers and reinforce confidence in its execution. The upgrade also reflects the analyst’s greater confidence in the company’s execution at Plaquemines and its ability to translate operational outperformance into stronger financial results.
Notably, on August 27, the stock was also upgraded to a Buy rating from Hold by Deutsche Bank analysts, who assigned a $17 price target.
Venture Global Inc. (NYSE:VG) is a U.S. liquefied natural gas (LNG) exporter with projects in Louisiana, including Calcasieu Pass and Plaquemines, which supply low-cost LNG to international energy markets.
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Disclosure: None. This article is originally published at Insider Monkey.