Venture Global (NYSE:VG) Stock Rating Lowered by Wall Street Zen

Venture Global (NYSE:VG) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

A number of other analysts have also commented on VG. Royal Bank of Canada dropped their price target on Venture Global from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Monday, May 5th. Mizuho dropped their price target on Venture Global from $25.00 to $18.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Bank of America dropped their price target on Venture Global from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, April 29th. Citigroup lowered their target price on Venture Global from $18.00 to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Finally, UBS Group lowered Venture Global from a “buy” rating to a “neutral” rating and boosted their target price for the company from $14.00 to $18.00 in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $15.96.

Venture Global Stock Performance

Shares of Venture Global stock opened at $17.62 on Friday. The stock’s fifty day simple moving average is $10.66. Venture Global has a 12 month low of $6.75 and a 12 month high of $25.50.

Venture Global (NYSE:VG) last issued its quarterly earnings results on Tuesday, May 13th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). The company had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.83 billion. Research analysts anticipate that Venture Global will post 0.52 EPS for the current year.

Hedge Funds Weigh In On Venture Global

Hedge funds have recently made changes to their positions in the stock. Center for Financial Planning Inc. purchased a new position in shares of Venture Global in the first quarter valued at $37,000. ORG Wealth Partners LLC purchased a new position in shares of Venture Global in the first quarter valued at $60,000. Federated Hermes Inc. purchased a new position in shares of Venture Global in the first quarter valued at $74,000. Adalta Capital Management LLC purchased a new position in shares of Venture Global in the first quarter valued at $103,000. Finally, Defined Wealth Management LLC purchased a new position in shares of Venture Global in the first quarter valued at $114,000.

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.