Venture Global (NYSE:VG) Downgraded by StockNews.com to “Sell”

StockNews.com downgraded shares of Venture Global (NYSE:VG) from a hold rating to a sell rating in a research report report published on Tuesday morning.

VG has been the topic of several other reports. Royal Bank of Canada started coverage on Venture Global in a research note on Tuesday, February 18th. They set an “outperform” rating and a $20.00 target price on the stock. Bank of America started coverage on Venture Global in a research note on Tuesday, February 18th. They issued a “buy” rating and a $23.00 price target on the stock. The Goldman Sachs Group started coverage on Venture Global in a research note on Tuesday, February 18th. They issued a “buy” rating and a $29.00 price target on the stock. JPMorgan Chase & Co. started coverage on Venture Global in a research note on Tuesday, February 18th. They issued an “overweight” rating and a $25.00 price target on the stock. Finally, Citigroup started coverage on Venture Global in a research note on Tuesday, February 18th. They issued a “neutral” rating and a $18.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.91.

Venture Global Trading Down 0.1 %

VG opened at $13.90 on Tuesday. Venture Global has a 52-week low of $13.28 and a 52-week high of $25.50.

Venture Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a $0.0165 dividend. This represents a $0.07 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Monday, March 10th.

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.