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We recently published Big Winners: 10 Stocks Refusing to take a Holiday. Venture Global, Inc. (NYSE:VG) is one of the last week’s best performers.
Venture Global jumped by 9.4 percent week-on-week as investors took path from higher natural gas prices amid the growing demand for energy during the winter season, coupled with colder forecasts heading into January.
On Friday, Bloomberg data showed that natural gas prices jumped by 2.92 percent to $4.37/MMBtu, as forecasts for until January 4 turned colder-than-usual.
Venture Global, Inc. (NYSE:VG), an LNG producer, however, stands to benefit from the jump as higher gas prices typically support stronger profit margins, particularly during the peak season.
In other developments, common shareholders of Venture Global, Inc. (NYSE:VG) owning Class A and B stocks as of December 15 record is set to receive cash dividends amounting to $0.017 per share on December 31.
The dividends followed a stellar earnings performance in the third quarter of the year, during which Venture Global, Inc. (NYSE:VG) swung to a net income attributable to shareholders of $429 million from a $347 million net loss in the same period last year.
Revenues soared by 259 percent to $3.329 billion from $926 million year-on-year.
While we acknowledge the potential of VG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.