Venture Global (NYSE:VG) Cut to "Neutral" at 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 Ratings reports. They currently have a $18.00 price target on the stock, up from their previous price target of $14.00. UBS Group's price objective suggests a potential upside of 2.16% from the company's current price.

Several other research firms have also weighed in on VG. Citigroup reduced their price objective on shares of Venture Global from $18.00 to $11.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. The Goldman Sachs Group reduced their price target on shares of Venture Global from $20.00 to $17.50 and set a "buy" rating for the company in a report on Wednesday, May 14th. Royal Bank of Canada lowered their price objective on shares of Venture Global from $15.00 to $14.00 and set an "outperform" rating for the company in a research report on Monday, May 5th. Scotiabank cut their price objective on shares of Venture Global from $17.00 to $15.00 and set a "sector perform" rating on the stock in a research report on Friday, March 7th. Finally, Bank of America cut their price objective on shares of Venture Global from $14.00 to $12.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $15.96.

Venture Global Price Performance

Venture Global stock traded up $0.91 during midday trading on Thursday, hitting $17.62. 6,862,535 shares of the stock were exchanged, compared to its average volume of 7,767,527. The firm has a fifty day moving average price of $10.66. Venture Global has a 52 week low of $6.75 and a 52 week high of $25.50.

Venture Global (NYSE:VG - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The company reported $0.16 earnings per share 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. As a group, analysts predict that Venture Global will post 0.52 EPS for the current fiscal year.

Institutional Investors Weigh In On Venture Global

Hedge funds have recently bought and sold shares of the company. Center for Financial Planning Inc. bought a new position in Venture Global in the 1st quarter valued at about $37,000. ORG Wealth Partners LLC bought a new position in shares of Venture Global during the first quarter worth approximately $60,000. Federated Hermes Inc. bought a new position in shares of Venture Global during the first quarter worth approximately $74,000. Adalta Capital Management LLC bought a new position in shares of Venture Global during the first quarter worth approximately $103,000. Finally, PEAK6 LLC acquired a new position in shares of Venture Global during the first quarter worth $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.