Venture Global, Inc. (NYSE:VG - Get Free Report)'s stock price hit a new 52-week low on Tuesday . The stock traded as low as $14.55 and last traded at $14.78, with a volume of 469504 shares traded. The stock had previously closed at $15.18.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on VG shares. Citigroup started coverage on Venture Global in a research report on Tuesday, February 18th. They set a "neutral" rating and a $18.00 price objective on the stock. Scotiabank initiated coverage on shares of Venture Global in a research note on Tuesday, February 18th. They issued a "sector perform" rating and a $17.00 price objective for the company. Guggenheim started 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 on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Venture Global in a research note on Tuesday, February 18th. They issued a "buy" rating and a $19.00 target price on the stock. Finally, Bank of America assumed coverage on shares of Venture Global in a research note on Tuesday, February 18th. They set a "buy" rating and a $23.00 price target for the company. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $21.91.
Get Our Latest Report on VG
Venture Global Trading Up 8.8 %
Venture Global Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a dividend of $0.0165 per share. This represents a $0.07 annualized dividend and a dividend yield of 0.44%.
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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