Venture Global (NYSE:VG) Rating Lowered to Sell at StockNews.com

Venture Global (NYSE:VG) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Several other brokerages also recently issued reports on VG. Guggenheim lowered their price objective on shares of Venture Global from $27.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, March 10th. Mizuho lowered their price objective on shares of Venture Global from $25.00 to $18.00 and set an “outperform” rating for the company in a research report on Tuesday. Bank of America started coverage on shares of Venture Global in a research report on Tuesday, February 18th. They issued a “buy” rating and a $23.00 price objective for the company. Scotiabank reduced their target price on Venture Global from $17.00 to $15.00 and set a “sector perform” rating for the company in a research note on Friday, March 7th. Finally, Citigroup reduced their target price on Venture Global from $18.00 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $17.55.

Venture Global Stock Up 10.0 %

VG opened at $10.65 on Friday. Venture Global has a 1 year low of $8.62 and a 1 year 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 (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. The firm had revenue of $1.52 billion during the quarter. On average, research analysts expect that Venture Global will post 0.52 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Robert B. Pender bought 250,000 shares of the company’s stock in a transaction on Monday, March 10th. The shares were purchased at an average cost of $9.37 per share, with a total value of $2,342,500.00. Following the completion of the transaction, the insider now directly owns 250,000 shares of the company’s stock, valued at approximately $2,342,500. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jimmy D. Staton bought 49,000 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was bought at an average cost of $10.13 per share, for a total transaction of $496,370.00. Following the completion of the transaction, the director now directly owns 49,000 shares of the company’s stock, valued at $496,370. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 803,000 shares of company stock worth $8,108,260 over the last ninety days. 4.72% of the stock is owned by insiders.

Venture Global Company Profile

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.