JPMorgan Chase & Co. Lowers Venture Global (NYSE:VG) Price Target to $16.00

Venture Global (NYSE:VG) had its price target dropped by investment analysts at JPMorgan Chase & Co. from $25.00 to $16.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 73.35% from the company’s previous close.

Several other research analysts also recently commented on VG. Sanford C. Bernstein started coverage on Venture Global in a research report on Tuesday, February 4th. They issued a “market perform” rating and a $20.00 price target on the stock. Deutsche Bank Aktiengesellschaft began coverage on Venture Global in a report on Tuesday, February 18th. They set a “buy” rating and a $19.00 price objective on the stock. Wells Fargo & Company began coverage on Venture Global in a report on Tuesday, February 18th. They set an “equal weight” rating and a $18.00 price objective on the stock. Scotiabank began coverage on Venture Global in a report on Tuesday, February 18th. They set a “sector perform” rating and a $17.00 price objective on the stock. Finally, Mizuho began coverage on Venture Global in a report on Tuesday, February 18th. They set an “outperform” rating and a $25.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, Venture Global presently has a consensus rating of “Moderate Buy” and an average price target of $20.91.

Venture Global Trading Up 1.4 %

Shares of Venture Global stock opened at $9.23 on Friday. Venture Global has a 52-week low of $8.62 and a 52-week high of $25.50.

Venture Global (NYSE:VG) last issued its quarterly earnings data 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. As a group, sell-side analysts forecast that Venture Global will post 0.52 EPS for the current year.

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.