Venture Global (NYSE:VG) Shares Gap Down - Time to Sell?

Shares of Venture Global, Inc. (NYSE:VG - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $14.23, but opened at $11.38. Venture Global shares last traded at $11.17, with a volume of 8,140,663 shares trading hands.

Wall Street Analysts Forecast Growth

VG has been the topic of several research reports. Guggenheim initiated coverage on shares of Venture Global in a research note on Tuesday, February 18th. They issued a "buy" rating and a $27.00 price target on the stock. Wells Fargo & Company initiated coverage on shares of Venture Global in a research note on Tuesday, February 18th. They set an "equal weight" rating and a $18.00 price objective on the stock. Sanford C. Bernstein initiated coverage on shares of Venture Global in a research note on Tuesday, February 4th. They set a "market perform" rating and a $20.00 price objective on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Venture Global in a research note on Tuesday, February 18th. They set a "buy" rating and a $19.00 price objective on the stock. Finally, StockNews.com downgraded shares of Venture Global from a "hold" rating to a "sell" rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Venture Global presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.91.

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Venture Global Stock Up 1.4 %

Venture Global (NYSE:VG - Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. The company had revenue of $1.52 billion during the quarter. Research analysts forecast that Venture Global, Inc. will post 0.52 earnings per share for the current fiscal year.

Venture Global Announces Dividend

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

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.