Venture Global (NYSE:VG) Earns Buy Rating from Analysts at Johnson Rice

Investment analysts at Johnson Rice assumed coverage on shares of Venture Global (NYSE:VG) in a report issued on Tuesday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $20.00 price target on the stock. Johnson Rice’s target price suggests a potential upside of 13.90% from the company’s previous close.

A number of other research analysts have also recently commented on the stock. Citigroup reduced their price target on shares of Venture Global from $18.00 to $11.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. The Goldman Sachs Group lowered their price target on shares of Venture Global from $20.00 to $17.50 and set a “buy” rating for the company in a research note on Wednesday, May 14th. Wall Street Zen cut Venture Global from a “hold” rating to a “sell” rating in a research note on Saturday. Mizuho decreased their price objective on Venture Global from $25.00 to $18.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Finally, UBS Group cut shares of Venture Global from a “buy” rating to a “neutral” rating and raised their target price for the stock from $14.00 to $18.00 in a report on Thursday, June 12th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $16.27.

Venture Global Stock Down 0.5%

Shares of NYSE VG opened at $17.56 on Tuesday. The stock’s 50-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 released its quarterly earnings results on Tuesday, May 13th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). The business had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.83 billion. Sell-side analysts anticipate that Venture Global will post 0.52 EPS for the current year.

Institutional Trading of Venture Global

Several hedge funds have recently bought and sold shares of VG. Center for Financial Planning Inc. bought a new position in Venture Global in the 1st quarter worth $37,000. ORG Wealth Partners LLC bought a new position in Venture Global in the 1st quarter worth approximately $60,000. Federated Hermes Inc. purchased a new stake in Venture Global during the 1st quarter valued at approximately $74,000. Adalta Capital Management LLC bought a new stake in shares of Venture Global during the first quarter valued at approximately $103,000. Finally, Defined Wealth Management LLC purchased a new position in shares of Venture Global in the first quarter worth $114,000.

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.