Venture Global (NYSE:VG) Sets New 52-Week Low - Should You Sell?

Venture Global, Inc. (NYSE:VG - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $14.55 and last traded at $14.78, with a volume of 469504 shares changing hands. The stock had previously closed at $15.18.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VG. The Goldman Sachs Group began coverage on shares of Venture Global in a research report on Tuesday, February 18th. They set a "buy" rating and a $29.00 target price for the company. Guggenheim began coverage on shares of Venture Global in a research report on Tuesday, February 18th. They set a "buy" rating and a $27.00 target price for the company. Royal Bank of Canada began coverage on shares of Venture Global in a research report on Tuesday, February 18th. They issued an "outperform" rating and a $20.00 price objective for the company. Sanford C. Bernstein began coverage on shares of Venture Global in a research report on Tuesday, February 4th. They issued a "market perform" rating and a $20.00 price objective for the company. Finally, StockNews.com upgraded shares of Venture Global from a "sell" rating to a "hold" rating in a research report on Wednesday, February 19th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Venture Global currently has an average rating of "Moderate Buy" and an average target price of $21.91.

Venture Global Price Performance

Venture Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a dividend of $0.0165 per share. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.44%.

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.