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

Venture Global (NYSE:VG - Get Free Report) had its target price lowered by research analysts at Guggenheim from $27.00 to $20.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Guggenheim's price target suggests a potential upside of 84.67% from the stock's current price.

Several other research firms have also commented on VG. Mizuho started coverage on shares of Venture Global in a report on Tuesday, February 18th. They issued an "outperform" rating and a $25.00 price target for the company. Sanford C. Bernstein started coverage on Venture Global in a research report on Tuesday, February 4th. They set a "market perform" rating and a $20.00 price target on the stock. Bank of America began coverage on Venture Global in a research report on Tuesday, February 18th. They set a "buy" rating and a $23.00 price objective for the company. Royal Bank of Canada began coverage on Venture Global in a research report on Tuesday, February 18th. They issued an "outperform" rating and a $20.00 target price on the stock. Finally, StockNews.com downgraded shares of Venture Global from a "hold" rating to a "sell" rating in a report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, Venture Global has an average rating of "Moderate Buy" and a consensus target price of $17.55.

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Venture Global Stock Up 12.0 %

Shares of VG traded up $1.16 during trading on Monday, reaching $10.83. The company's stock had a trading volume of 4,106,842 shares, compared to its average volume of 9,207,543. 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 announced its quarterly earnings data on Thursday, March 6th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. The firm had revenue of $1.52 billion for the quarter. Equities analysts forecast that Venture Global will post 0.52 EPS for the current year.

Insider Activity

In related news, insider Robert B. Pender bought 250,000 shares of Venture Global stock in a transaction dated Monday, March 10th. The stock was acquired at an average cost of $9.37 per share, with a total value of $2,342,500.00. Following the completion of the acquisition, the insider now directly owns 250,000 shares in the company, valued at approximately $2,342,500. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 4.72% of the stock is owned by insiders.

Venture Global Company Profile

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.