LNG exporter Venture Global targets up to $110 billion valuation in blockbuster US IPO
Written by Emily J. Thompson, Senior Investment Analyst
Source: Reuters
Venture Global's IPO Plans: Venture Global is aiming for a valuation of up to $110.38 billion in its upcoming New York IPO, seeking to raise $2.30 billion, which would be the largest energy company listing in the U.S. in over a decade amid increasing global LNG demand.
Operational Challenges and Future Prospects: The company faces risks from arbitration claims related to contract disputes due to delays in commissioning its LNG facilities, but it has significant production capacity planned and will continue to control over 50% voting power post-offering.
Analyst Views on KMI
Wall Street analysts forecast KMI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KMI is 31.62 USD with a low forecast of 27.00 USD and a high forecast of 36.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
8 Buy
6 Hold
0 Sell
Moderate Buy
Current: 29.690
Low
27.00
Averages
31.62
High
36.00
Current: 29.690
Low
27.00
Averages
31.62
High
36.00
About KMI
Kinder Morgan, Inc. is an energy infrastructure company. The Company owns an interest in or operates approximately 79,000 miles of pipelines and 139 terminals. Its Natural Gas Pipelines segment includes ownership and operation of interstate and intrastate natural gas pipeline and storage systems and natural gas gathering systems and natural gas processing and treating facilities. Its Products Pipelines segment includes ownership and operation of refined petroleum products, crude oil and condensate pipelines that primarily deliver, among other products, gasoline, diesel and jet fuel, crude oil and condensate to various markets, plus the ownership and/or operation of associated product terminals and petroleum pipeline transmix facilities. Its Terminals segment includes ownership and/or operation of liquid and bulk terminal facilities and Jones Act-qualified tankers. Its CO2 segment is engaged in the production, transportation and marketing of CO2 to oil fields.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
