Venture Global (NYSE:VG - Get Free Report) had its target price lowered by research analysts at Mizuho from $25.00 to $18.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Mizuho's price target would suggest a potential upside of 100.45% from the stock's current price.
A number of other analysts have also weighed in on VG. Sanford C. Bernstein initiated coverage on shares of Venture Global in a research note on Tuesday, February 4th. They issued a "market perform" rating and a $20.00 price objective for the company. JPMorgan Chase & Co. dropped their price objective on shares of Venture Global from $25.00 to $16.00 and set an "overweight" rating on the stock in a research note on Friday. Guggenheim reduced their price objective on shares of Venture Global from $27.00 to $20.00 and set a "buy" rating for the company in a research note on Monday. Royal Bank of Canada began coverage on Venture Global in a research report on Tuesday, February 18th. They set an "outperform" rating and a $20.00 target price on the stock. Finally, Scotiabank cut their price target on Venture Global from $17.00 to $15.00 and set a "sector perform" rating on the stock in a report on Friday. 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 data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $18.82.
Read Our Latest Stock Report on VG
Venture Global Stock Down 2.7 %
Shares of NYSE:VG opened at $8.98 on Tuesday. Venture Global has a one year low of $8.62 and a one year high of $25.50.
Venture Global (NYSE:VG - Get Free Report) last issued its earnings results 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 firm had revenue of $1.52 billion during the quarter. As a group, sell-side analysts forecast that Venture Global will post 0.52 earnings per share for the current fiscal year.
About Venture Global
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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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