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

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

VG has been the topic of a number of other research reports. Citigroup cut their target price on shares of Venture Global from $18.00 to $11.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft started coverage on shares of Venture Global in a report on Tuesday, February 18th. They issued a "buy" rating and a $19.00 target price on the stock. Wells Fargo & Company restated a "reduce" rating on shares of Venture Global in a report on Wednesday, May 14th. Guggenheim dropped their target price on shares of Venture Global from $27.00 to $20.00 and set a "buy" rating on the stock in a report on Monday, March 10th. Finally, Bank of America dropped their target price on shares of Venture Global from $14.00 to $12.00 and set a "buy" rating on the stock in a 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 issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $15.96.

Venture Global Price Performance

Venture Global stock traded up $0.91 during mid-day trading on Friday, reaching $17.62. The company had a trading volume of 6,862,535 shares, compared to its average volume of 7,767,527. Venture Global has a fifty-two week low of $6.75 and a fifty-two week high of $25.50. The company has a fifty day moving average of $10.66.

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

Venture Global Announces Dividend

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

Institutional Investors Weigh In On Venture Global

A number of institutional investors have recently added to or reduced their stakes in the company. Militia Capital Partners LP bought a new stake in Venture Global in the 1st quarter worth about $194,000. Adalta Capital Management LLC bought a new stake in Venture Global in the 1st quarter worth about $103,000. Scientech Research LLC bought a new stake in Venture Global in the 1st quarter worth about $721,000. NewEdge Advisors LLC bought a new stake in Venture Global in the 1st quarter worth about $460,000. Finally, Millennium Management LLC bought a new stake in Venture Global in the 1st quarter worth about $32,099,000.

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.