Venture Global (NYSE:VG) Price Target Cut to $16.00 by Analysts at JPMorgan Chase & Co.

Venture Global (NYSE:VG - Free Report) had its target price trimmed by JPMorgan Chase & Co. from $25.00 to $16.00 in a research note released on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other equities research analysts also recently commented on VG. Scotiabank started coverage on Venture Global in a report on Tuesday, February 18th. They issued a "sector perform" rating and a $17.00 price objective for the company. Citigroup started coverage on Venture Global in a report on Tuesday, February 18th. They set a "neutral" rating and a $18.00 price target for the company. StockNews.com downgraded Venture Global from a "hold" rating to a "sell" rating in a report on Tuesday. Mizuho assumed coverage on Venture Global in a report on Tuesday, February 18th. They set an "outperform" rating and a $25.00 price target for the company. Finally, Royal Bank of Canada assumed coverage on Venture Global in a research report on Tuesday, February 18th. They set an "outperform" rating and a $20.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $20.91.

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Venture Global Stock Up 1.4 %

NYSE:VG traded up $0.13 during trading hours on Friday, reaching $9.23. 16,700,713 shares of the stock were exchanged, compared to its average volume of 9,240,758. 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 results on Thursday, March 6th. The company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. The firm had revenue of $1.52 billion for the quarter. On average, research analysts expect that Venture Global will post 0.52 EPS for the current year.

Venture Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a $0.0165 dividend. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Monday, March 10th.

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.