Venture Global (NYSE:VG) Raised to “Hold” at Wall Street Zen

Venture Global (NYSE:VG) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

VG has been the topic of a number of other research reports. Citigroup reduced their price objective on Venture Global from $18.00 to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Mizuho reduced their price target on shares of Venture Global from $25.00 to $18.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Guggenheim decreased their price objective on shares of Venture Global from $27.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, March 10th. JPMorgan Chase & Co. dropped their target price on shares of Venture Global from $16.00 to $15.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group reduced their target price on shares of Venture Global from $20.00 to $17.50 and set a “buy” rating on the stock in a research report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Venture Global currently has a consensus rating of “Moderate Buy” and an average target price of $16.77.

Venture Global Stock Performance

NYSE:VG opened at $15.74 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.67 and a debt-to-equity ratio of 3.49. Venture Global has a 12 month low of $6.75 and a 12 month high of $25.50. The company has a 50-day moving average price of $12.28.

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

Hedge Funds Weigh In On Venture Global

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

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.