Venture Global (NYSE:VG) Price Target Lowered to $20.00 at Guggenheim

Venture Global (NYSE:VG) had its target price reduced by Guggenheim from $27.00 to $20.00 in a research report report published on Monday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts have also recently weighed in on the stock. Scotiabank reduced their price target on shares of Venture Global from $17.00 to $15.00 and set a “sector perform” rating on the stock in a research report on Friday. Sanford C. Bernstein initiated coverage on shares of Venture Global in a research note on Tuesday, February 4th. They set a “market perform” rating and a $20.00 price objective on the stock. Citigroup initiated coverage on shares of Venture Global in a report on Tuesday, February 18th. They issued a “neutral” rating and a $18.00 price objective on the stock. Bank of America assumed coverage on Venture Global in a report on Tuesday, February 18th. They set a “buy” rating and a $23.00 price objective on the stock. Finally, The Goldman Sachs Group set a $20.00 target price on Venture Global and gave the company a “buy” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $19.45.

Venture Global Trading Down 2.7 %

NYSE VG opened at $8.98 on Monday. Venture Global has a twelve month low of $8.62 and a twelve month high of $25.50.

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

Venture Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a $0.0165 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.73%.

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.