Venture Global (NYSE:VG) PT Set at $16.00 by Scotiabank

Venture Global (NYSE:VG) has been given a $16.00 target price by Scotiabank in a report issued on Tuesday, MarketBeat reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s target price indicates a potential downside of 1.48% from the company’s current price.

A number of other brokerages have also recently weighed in on VG. The Goldman Sachs Group dropped their price target on Venture Global from $20.00 to $17.50 and set a “buy” rating on the stock in a research note on Wednesday, May 14th. Wells Fargo & Company reissued a “reduce” rating on shares of Venture Global in a research report on Wednesday, May 14th. Royal Bank Of Canada reduced their price target on shares of Venture Global from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Monday, May 5th. Johnson Rice started coverage on shares of Venture Global in a research report on Tuesday, June 17th. They set a “buy” rating and a $20.00 price objective on the stock. Finally, JPMorgan Chase & Co. reduced their target price on Venture Global from $16.00 to $15.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $16.69.

Venture Global Trading Down 1.9%

Venture Global stock opened at $16.24 on Tuesday. Venture Global has a 12-month low of $6.75 and a 12-month high of $25.50. The company has a quick ratio of 1.67, a current ratio of 1.73 and a debt-to-equity ratio of 3.49. The company has a 50 day moving average of $14.34.

Venture Global (NYSE:VG) last announced its quarterly earnings data on Tuesday, May 13th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.08). The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.83 billion. As a group, equities analysts predict that Venture Global will post 0.52 EPS for the current year.

Institutional Trading of Venture Global

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Capital LLC acquired a new stake in shares of Venture Global during the 1st quarter worth approximately $1,439,000. Defined Wealth Management LLC acquired a new stake in Venture Global during the first quarter worth $114,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Venture Global during the first quarter worth $156,000. Exchange Traded Concepts LLC bought a new stake in Venture Global in the 1st quarter valued at $1,316,000. Finally, Forefront Wealth Management Inc. acquired a new position in shares of Venture Global in the 1st quarter valued at $938,000.

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.