Venture Global (NYSE:VG) Shares Down 6.5% - Here's Why

Venture Global, Inc. (NYSE:VG - Get Free Report) shares were down 6.5% during trading on Wednesday . The company traded as low as $15.80 and last traded at $15.83. Approximately 3,602,700 shares traded hands during trading, a decline of 59% from the average daily volume of 8,843,075 shares. The stock had previously closed at $16.93.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft started coverage on Venture Global in a research report on Tuesday, February 18th. They issued a "buy" rating and a $19.00 price objective on the stock. Mizuho initiated coverage on shares of Venture Global in a report on Tuesday, February 18th. They issued an "outperform" rating and a $25.00 price target on the stock. Sanford C. Bernstein initiated coverage on shares of Venture Global in a research report on Tuesday, February 4th. They set a "market perform" rating and a $20.00 price objective on the stock. StockNews.com raised shares of Venture Global from a "sell" rating to a "hold" rating in a research report on Wednesday, February 19th. Finally, Royal Bank of Canada began coverage on shares of Venture Global in a research report on Tuesday, February 18th. They set an "outperform" rating and a $20.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $21.91.

Venture Global Stock Down 6.9 %

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.