JPMorgan Chase & Co. Raises Venture Global (NYSE:VG) Price Target to $17.00

Venture Global (NYSE:VG - Get Free Report) had its target price raised by stock analysts at JPMorgan Chase & Co. from $15.00 to $17.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price points to a potential upside of 18.30% from the company's current price.

Other equities analysts have also issued reports about the company. UBS Group lowered Venture Global from a "buy" rating to a "neutral" rating and raised their price target for the stock from $14.00 to $18.00 in a report on Thursday, June 12th. Johnson Rice assumed coverage on Venture Global in a research report on Tuesday, June 17th. They set a "buy" rating and a $20.00 price target for the company. Deutsche Bank Aktiengesellschaft lowered Venture Global from a "buy" rating to a "hold" rating and set a $17.00 target price for the company. in a research report on Monday, July 14th. 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, Wall Street Zen upgraded Venture Global from a "sell" rating to a "hold" rating in a research note on Saturday, June 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $16.85.

Venture Global Price Performance

Venture Global stock traded down $0.39 on Thursday, reaching $14.37. The company's stock had a trading volume of 1,455,522 shares, compared to its average volume of 7,186,311. The company has a debt-to-equity ratio of 3.49, a quick ratio of 1.67 and a current ratio of 1.73. Venture Global has a twelve month low of $6.75 and a twelve month high of $25.50. The company's fifty day moving average is $14.90.

Venture Global (NYSE:VG - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.83 billion. Equities research analysts forecast that Venture Global will post 0.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Venture Global

Hedge funds and other institutional investors have recently modified their holdings of the company. Exchange Traded Concepts LLC purchased a new position in Venture Global in the first quarter worth $1,316,000. Forefront Wealth Management Inc. purchased a new position in Venture Global in the first quarter worth $938,000. KG&L Capital Management LLC purchased a new position in Venture Global in the first quarter worth $359,000. Context Capital Management LLC purchased a new position in Venture Global in the first quarter worth $768,000. Finally, Readystate Asset Management LP purchased a new position in Venture Global in the first quarter worth $3,385,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.