Citigroup Has Lowered Expectations for Venture Global (NYSE:VG) Stock Price

Venture Global (NYSE:VG - Get Free Report) had its price objective lowered by investment analysts at Citigroup from $18.00 to $11.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the stock. Citigroup's price objective indicates a potential upside of 3.29% from the company's previous close.

VG has been the subject of several other reports. Bank of America initiated coverage on Venture Global in a research note on Tuesday, February 18th. They set a "buy" rating and a $23.00 price objective for the company. Wells Fargo & Company decreased their target price on Venture Global from $18.00 to $11.00 and set an "equal weight" rating for the company in a research report on Tuesday. The Goldman Sachs Group set a $20.00 target price on Venture Global and gave the stock a "buy" rating in a research report on Friday, March 7th. Scotiabank decreased their target price on Venture Global from $17.00 to $15.00 and set a "sector perform" rating for the company in a research report on Friday, March 7th. Finally, Mizuho decreased their target price on Venture Global from $25.00 to $18.00 and set an "outperform" rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Venture Global currently has a consensus rating of "Moderate Buy" and an average price target of $17.55.

Venture Global Trading Up 10.0 %

Shares of VG stock traded up $0.97 during mid-day trading on Tuesday, hitting $10.65. 5,777,366 shares of the stock traded hands, compared to its average volume of 9,202,823. Venture Global has a twelve month low of $8.62 and a twelve month high of $25.50.

Venture Global (NYSE:VG - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. The company had revenue of $1.52 billion for the quarter. As a group, sell-side analysts expect that Venture Global will post 0.52 earnings per share for the current fiscal year.

Insider Buying and Selling at Venture Global

In other Venture Global news, insider Michael Sabel acquired 234,500 shares of the company's stock in a transaction dated Friday, March 14th. The shares were acquired at an average cost of $10.53 per share, for a total transaction of $2,469,285.00. Following the completion of the purchase, the insider now owns 1,185,885 shares of the company's stock, valued at approximately $12,487,369.05. This trade represents a 24.65 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jimmy D. Staton acquired 49,000 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average price of $10.13 per share, for a total transaction of $496,370.00. Following the completion of the purchase, the director now directly owns 49,000 shares of the company's stock, valued at $496,370. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 803,000 shares of company stock worth $8,108,260 over the last three months. Corporate insiders own 4.72% of the company's stock.

About Venture Global

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.