Scotiabank Has Lowered Expectations for Venture Global (NYSE:VG) Stock Price

Venture Global (NYSE:VG) had its target price lowered by research analysts at Scotiabank from $17.00 to $15.00 in a report issued on Friday,Benzinga reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s target price indicates a potential upside of 62.51% from the stock’s current price.

VG has been the subject of several other research reports. Royal Bank of Canada initiated coverage on shares of Venture Global in a research note on Tuesday, February 18th. They set an “outperform” rating and a $20.00 target price for the company. Sanford C. Bernstein started coverage on shares of Venture Global in a research note on Tuesday, February 4th. They issued a “market perform” rating and a $20.00 price objective for the company. Guggenheim started coverage on shares of Venture Global in a research note on Tuesday, February 18th. They issued a “buy” rating and a $27.00 price objective for the company. Mizuho started coverage on shares of Venture Global in a research note on Tuesday, February 18th. They issued an “outperform” rating and a $25.00 price objective for the company. Finally, Citigroup started coverage on shares of Venture Global in a research note on Tuesday, February 18th. They issued a “neutral” rating and a $18.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $20.91.

Venture Global Stock Up 1.4 %

Shares of VG opened at $9.23 on Friday. Venture Global has a 12-month low of $8.62 and a 12-month high of $25.50.

Venture Global (NYSE:VG) last announced its earnings results on Thursday, March 6th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. The company had revenue of $1.52 billion for the quarter. On average, research analysts anticipate that Venture Global will post 0.52 EPS for the current fiscal 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.