Venture Global (NYSE:VG) Downgraded to Neutral Rating by UBS Group

Venture Global (NYSE:VG - Get Free Report) was downgraded by equities researchers at UBS Group from a "buy" rating to a "neutral" rating in a note issued to investors on Thursday, Marketbeat.com reports. They presently have a $18.00 price objective on the stock, up from their previous price objective of $14.00. UBS Group's price target would suggest a potential upside of 3.45% from the company's previous close.

VG has been the subject of a number of other reports. Mizuho reduced their price objective on shares of Venture Global from $25.00 to $18.00 and set an "outperform" rating for the company in a research note on Tuesday, March 11th. Bank of America cut their price target on Venture Global from $14.00 to $12.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Deutsche Bank Aktiengesellschaft assumed coverage on Venture Global in a report on Tuesday, February 18th. They set a "buy" rating and a $19.00 target price on the stock. Scotiabank dropped their target price on shares of Venture Global from $17.00 to $15.00 and set a "sector perform" rating on the stock in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. reduced their price objective on Venture Global from $16.00 to $15.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $15.96.

Venture Global Stock Up 4.1%

Shares of Venture Global stock traded up $0.69 during trading on Thursday, hitting $17.40. The stock had a trading volume of 5,067,025 shares, compared to its average volume of 7,746,519. Venture Global has a fifty-two week low of $6.75 and a fifty-two week high of $25.50. The firm's fifty day simple moving average is $10.46.

Venture Global (NYSE:VG - Get Free Report) last released 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 for the quarter, compared to analyst estimates of $2.83 billion. Analysts anticipate that Venture Global will post 0.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of VG. Center for Financial Planning Inc. bought a new stake in shares of Venture Global during the 1st quarter valued at $37,000. ORG Wealth Partners LLC bought a new position in Venture Global during the 1st quarter worth about $60,000. Federated Hermes Inc. bought a new position in shares of Venture Global during the first quarter worth about $74,000. Adalta Capital Management LLC bought a new position in Venture Global in the first quarter valued at $103,000. Finally, Defined Wealth Management LLC bought a new position in shares of Venture Global in the 1st quarter valued at about $114,000.

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.