Venture Global (NYSE:VG) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen lowered shares of Venture Global (NYSE:VG - Free Report) from a hold rating to a sell rating in a report issued on Saturday morning.

Other analysts have also recently issued research reports about the company. Scotiabank dropped their price objective on Venture Global from $17.00 to $15.00 and set a "sector perform" rating on the stock in a report on Friday, March 7th. Deutsche Bank Aktiengesellschaft initiated coverage on Venture Global in a report on Tuesday, February 18th. They set a "buy" rating and a $19.00 price objective on the stock. The Goldman Sachs Group dropped their price objective on Venture Global from $20.00 to $17.50 and set a "buy" rating on the stock in a report on Wednesday, May 14th. Bank of America dropped their price objective on Venture Global from $14.00 to $12.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Finally, Mizuho dropped their price objective on Venture Global from $25.00 to $18.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Venture Global presently has a consensus rating of "Hold" and a consensus price target of $16.27.

Venture Global Stock Up 1.4%

Shares of NYSE VG traded up $0.25 during trading on Friday, reaching $17.65. 6,953,731 shares of the stock traded hands, compared to its average volume of 7,222,043. Venture Global has a 52-week low of $6.75 and a 52-week high of $25.50. The company has a debt-to-equity ratio of 3.49, a current ratio of 1.73 and a quick ratio of 1.67. The firm has a 50-day moving average of $10.85.

Venture Global (NYSE:VG - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.08). The firm had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $2.83 billion. On average, equities research analysts anticipate that Venture Global will post 0.52 EPS for the current year.

Venture Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be given a dividend of $0.0165 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.07 annualized dividend and a dividend yield of 0.37%.

Hedge Funds Weigh In On Venture Global

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

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.