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

Venture Global (NYSE:VG) had its price objective decreased by equities research analysts at Mizuho from $25.00 to $18.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Mizuho’s price objective points to a potential upside of 75.10% from the company’s current price.

A number of other research analysts also recently issued reports on the company. Deutsche Bank Aktiengesellschaft began coverage on Venture Global in a report on Tuesday, February 18th. They set a “buy” rating and a $19.00 price target on the stock. StockNews.com cut Venture Global from a “hold” rating to a “sell” rating in a research note on Tuesday, March 4th. 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 for the company. Guggenheim reduced their price objective on shares of Venture Global from $27.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Sanford C. Bernstein initiated coverage on shares of Venture Global in a report on Tuesday, February 4th. They issued a “market perform” rating and a $20.00 price objective for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Venture Global presently has an average rating of “Moderate Buy” and a consensus price target of $17.55.

Venture Global Stock Performance

Shares of Venture Global stock opened at $10.28 on Tuesday. Venture Global has a 52-week low of $8.62 and a 52-week high of $25.50.

Venture Global (NYSE:VG) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $1.52 billion during the quarter. As a group, sell-side analysts predict that Venture Global will post 0.52 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Robert B. Pender purchased 250,000 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average price of $9.37 per share, for a total transaction of $2,342,500.00. Following the purchase, 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 4.72% of the stock is owned by company 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.