Venture Global, Inc. (NYSE:VG) Receives $16.27 Average Target Price from Analysts

Shares of Venture Global, Inc. (NYSE:VGGet Free Report) have earned an average rating of “Moderate Buy” from the thirteen brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $16.77.

VG has been the topic of a number of research reports. The Goldman Sachs Group cut their target price on shares of Venture Global from $20.00 to $17.50 and set a “buy” rating on the stock in a research report on Wednesday, May 14th. Guggenheim cut their target price on shares of Venture Global from $27.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, March 10th. Mizuho cut their target price on shares of Venture Global from $25.00 to $18.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Citigroup cut their target price on shares of Venture Global from $18.00 to $11.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Finally, Wall Street Zen downgraded shares of Venture Global from a “hold” rating to a “sell” rating in a research report on Saturday, June 14th.

Read Our Latest Analysis on Venture Global

Institutional Trading of Venture Global

Institutional investors and hedge funds have recently bought and sold shares of the business. Center for Financial Planning Inc. acquired a new stake in Venture Global during the 1st quarter valued at approximately $37,000. ORG Wealth Partners LLC acquired a new stake in Venture Global during the 1st quarter valued at approximately $60,000. Federated Hermes Inc. acquired a new stake in Venture Global during the 1st quarter valued at approximately $74,000. Adalta Capital Management LLC acquired a new stake in Venture Global during the 1st quarter valued at approximately $103,000. Finally, PEAK6 LLC acquired a new stake in Venture Global during the 1st quarter valued at approximately $114,000.

Venture Global Trading Down 3.3%

Shares of VG opened at $16.17 on Monday. Venture Global has a 1-year low of $6.75 and a 1-year high of $25.50. The firm’s 50-day moving average is $11.97. The company has a debt-to-equity ratio of 3.49, a current ratio of 1.73 and a quick ratio of 1.67.

Venture Global (NYSE:VGGet Free Report) last posted its earnings results on Tuesday, May 13th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.83 billion. Equities research analysts predict that Venture Global will post 0.52 EPS for the current year.

Venture Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.0165 per share. This represents a $0.07 annualized dividend and a yield of 0.41%. The ex-dividend date is Tuesday, June 10th.

About Venture Global

(Get Free Report

Venture Global has fundamentally reshaped the development and construction of liquefied natural gas production, establishing us as a rapidly growing company delivering critical LNG to the world. Our innovative and disruptive approach, which is both scalable and repeatable, allows us to bring LNG to a global market years faster and at a lower cost.

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Analyst Recommendations for Venture Global (NYSE:VG)

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