Scotiabank Issues Positive Forecast for Venture Global (NYSE:VG) Stock Price

Venture Global (NYSE:VG) had its price objective boosted by equities researchers at Scotiabank from $13.00 to $16.00 in a research report issued to clients and investors on Tuesday, July 15th, MarketBeat.com reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 4.10% from the company’s current price.

Other analysts have also issued reports about the company. Johnson Rice assumed coverage on Venture Global in a research report on Tuesday, June 17th. They issued a “buy” rating and a $20.00 price objective for the company. JPMorgan Chase & Co. cut their price objective on Venture Global from $16.00 to $15.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Wall Street Zen upgraded Venture Global from a “sell” rating to a “hold” rating in a research note on Saturday, June 28th. The Goldman Sachs Group cut their target price 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. Finally, Bank of America boosted their target price on Venture Global from $12.00 to $18.50 and gave the company a “buy” rating in a research note on Wednesday, June 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $16.85.

Venture Global Stock Down 1.9%

Shares of VG stock opened at $15.37 on Tuesday. Venture Global has a one year low of $6.75 and a one year high of $25.50. The business has a fifty day moving average price of $15.39. The company has a debt-to-equity ratio of 3.49, a current ratio of 1.73 and a quick ratio of 1.67.

Venture Global (NYSE:VG) last issued its earnings results on Tuesday, May 13th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.08). The company had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.83 billion. On average, research analysts forecast that Venture Global will post 0.52 EPS for the current fiscal year.

Institutional Trading of Venture Global

Institutional investors and hedge funds have recently modified their holdings of the business. AdvisorNet Financial Inc bought a new position in Venture Global in the second quarter valued at about $28,000. Future Financial Wealth Managment LLC bought a new position in Venture Global in the second quarter valued at about $47,000. Center for Financial Planning Inc. bought a new position in Venture Global in the first quarter valued at about $37,000. CWM LLC raised its position in Venture Global by 278.4% in the second quarter. CWM LLC now owns 6,050 shares of the company’s stock valued at $94,000 after purchasing an additional 4,451 shares during the last quarter. Finally, ORG Wealth Partners LLC bought a new position in Venture Global in the first quarter valued at about $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.