Venture Global (NYSE:VG) Price Target Lowered to $18.00 at Mizuho

Venture Global (NYSE:VG) had its target price reduced by Mizuho from $25.00 to $18.00 in a report released on Tuesday morning,Benzinga reports. Mizuho currently has an outperform rating on the stock.

Several other brokerages have also commented on VG. Citigroup initiated coverage on shares of Venture Global in a research report on Tuesday, February 18th. They issued a “neutral” rating and a $18.00 price objective on the stock. StockNews.com lowered shares of Venture Global from a “hold” rating to a “sell” rating in a research report on Tuesday, March 4th. Wells Fargo & Company initiated coverage on shares of Venture Global in a research report on Tuesday, February 18th. They issued an “equal weight” rating and a $18.00 price objective on the stock. The Goldman Sachs Group set a $20.00 price objective on shares of Venture Global and gave the stock a “buy” rating in a research report on Friday. Finally, Sanford C. Bernstein initiated coverage on shares of Venture Global in a research report on Tuesday, February 4th. They issued a “market perform” rating and a $20.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $17.55.

Venture Global Stock Performance

Venture Global stock opened at $9.65 on Tuesday. Venture Global has a fifty-two week low of $8.62 and a fifty-two week high of $25.50.

Venture Global (NYSE:VG) last released its quarterly 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 firm had revenue of $1.52 billion for the quarter. On average, equities research analysts expect that Venture Global will post 0.52 earnings per share for the current year.

Venture Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a dividend of $0.0165 per share. This represents a $0.07 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Monday, March 10th.

Insider Buying and Selling

In other news, insider Robert B. Pender bought 250,000 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average price of $9.37 per share, with a total value of $2,342,500.00. Following the acquisition, the insider now owns 250,000 shares of the company’s stock, valued at approximately $2,342,500. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 4.72% of the stock is currently owned by insiders.

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.