Venture Global (NYSE:VG) Given a $16.00 Price Target at Scotiabank

Venture Global (NYSE:VG) has been given a $16.00 target price by Scotiabank in a research report issued on Tuesday, July 15th, Marketbeat Ratings reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price objective suggests a potential upside of 2.37% from the stock’s current price.

Other analysts have also recently issued reports about the company. Royal Bank Of Canada reduced their price target on Venture Global from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Monday, May 5th. JPMorgan Chase & Co. reduced their target price on Venture Global from $16.00 to $15.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Bank of America upped their target price on Venture Global from $12.00 to $18.50 and gave the company a “buy” rating in a report on Wednesday, June 25th. Wall Street Zen upgraded Venture Global from a “sell” rating to a “hold” rating in a report on Saturday, June 28th. Finally, Johnson Rice began coverage on Venture Global in a report on Tuesday, June 17th. They issued a “buy” rating and a $20.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $16.85.

Venture Global Stock Performance

NYSE:VG opened at $15.63 on Tuesday. The company has a current ratio of 1.73, a quick ratio of 1.67 and a debt-to-equity ratio of 3.49. The business’s 50-day moving average price is $15.29. Venture Global has a 1-year low of $6.75 and a 1-year high of $25.50.

Venture Global (NYSE:VG) last released its quarterly earnings results 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 the consensus estimate of $2.83 billion. On average, research analysts forecast that Venture Global will post 0.52 earnings per share for the current year.

Hedge Funds Weigh In On Venture Global

Institutional investors have recently added to or reduced their stakes in the business. AdvisorNet Financial Inc acquired a new position in shares of Venture Global during the second quarter worth approximately $28,000. Future Financial Wealth Managment LLC acquired a new position in shares of Venture Global during the second quarter worth approximately $47,000. Center for Financial Planning Inc. acquired a new position in shares of Venture Global during the first quarter worth approximately $37,000. CWM LLC raised its position in shares of Venture Global by 278.4% during the second quarter. CWM LLC now owns 6,050 shares of the company’s stock worth $94,000 after purchasing an additional 4,451 shares during the period. Finally, ORG Wealth Partners LLC purchased a new stake in Venture Global in the 1st quarter valued at $60,000.

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.