Venture Global (NYSE:VG) Price Target Lowered to $20.00 at Guggenheim

Venture Global (NYSE:VG) had its price objective lowered by Guggenheim from $27.00 to $20.00 in a research note issued to investors on Monday morning,Benzinga reports. Guggenheim currently has a buy rating on the stock.

A number of other equities analysts have also recently weighed in on VG. The Goldman Sachs Group set a $20.00 price objective on shares of Venture Global and gave the company a “buy” rating in a research report on Friday, March 7th. Bank of America assumed coverage on Venture Global in a report on Tuesday, February 18th. They issued a “buy” rating and a $23.00 price target for the company. Deutsche Bank Aktiengesellschaft initiated coverage on Venture Global in a research note on Tuesday, February 18th. They set a “buy” rating and a $19.00 price objective for the company. Citigroup assumed coverage on Venture Global in a research report on Tuesday, February 18th. They issued a “neutral” rating and a $18.00 target price on the stock. Finally, Mizuho started coverage on shares of Venture Global in a research report on Tuesday, February 18th. They set an “outperform” rating and a $25.00 price target for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Venture Global currently has an average rating of “Moderate Buy” and a consensus target price of $17.55.

Venture Global Stock Performance

Venture Global stock opened at $10.28 on Monday. Venture Global has a one year low of $8.62 and a one year high of $25.50.

Venture Global (NYSE:VG) last posted its earnings results on Thursday, March 6th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $1.52 billion for the quarter. On average, research analysts expect that Venture Global will post 0.52 earnings per share for the current fiscal year.

Venture Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a dividend of $0.0165 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.07 annualized dividend and a yield of 0.64%.

Insiders Place Their Bets

In related news, insider Robert B. Pender bought 250,000 shares of the stock in a transaction dated Monday, March 10th. The stock was bought at an average cost of $9.37 per share, with a total value of $2,342,500.00. Following the completion of the acquisition, the insider now owns 250,000 shares of the company’s stock, valued at $2,342,500. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.72% of the stock is owned by corporate insiders.

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.