Venture Global (NYSE:VG) Coverage Initiated by Analysts at Johnson Rice

Stock analysts at Johnson Rice began coverage on shares of Venture Global (NYSE:VG - Get Free Report) in a report issued on Tuesday, Marketbeat reports. The firm set a "buy" rating and a $20.00 price target on the stock. Johnson Rice's target price suggests a potential upside of 4.71% from the company's previous close.

VG has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft started coverage on shares of Venture Global in a report on Tuesday, February 18th. They set a "buy" rating and a $19.00 price objective on the stock. Royal Bank Of Canada lowered their price target on Venture Global from $15.00 to $14.00 and set an "outperform" rating on the stock in a research note on Monday, May 5th. Guggenheim cut their price target on Venture Global from $27.00 to $20.00 and set a "buy" rating for the company in a report on Monday, March 10th. Scotiabank reduced their price objective on Venture Global from $17.00 to $15.00 and set a "sector perform" rating for the company in a research report on Friday, March 7th. Finally, The Goldman Sachs Group lowered their price objective on Venture Global from $20.00 to $17.50 and set a "buy" rating on the stock in a research report on Wednesday, May 14th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $16.27.

Venture Global Trading Up 4.5%

NYSE VG traded up $0.82 during trading on Tuesday, reaching $19.10. 7,624,945 shares of the company's stock were exchanged, compared to its average volume of 7,737,763. The company has a current ratio of 1.73, a quick ratio of 1.67 and a debt-to-equity ratio of 3.49. Venture Global has a fifty-two week low of $6.75 and a fifty-two week high of $25.50. The stock has a fifty day moving average price of $11.43.

Venture Global (NYSE:VG - Get Free Report) last posted its quarterly 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. As a group, analysts predict that Venture Global will post 0.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Venture Global

Large investors have recently modified their holdings of the stock. Allianz Asset Management GmbH acquired a new stake in shares of Venture Global in the first quarter valued at approximately $3,547,294,000. Vanguard Group Inc. bought a new position in Venture Global in the 1st quarter valued at $125,788,000. Deutsche Bank AG bought a new position in Venture Global in the 1st quarter valued at $37,798,000. Millennium Management LLC acquired a new stake in shares of Venture Global in the 1st quarter valued at $32,099,000. Finally, Tortoise Capital Advisors L.L.C. bought a new stake in shares of Venture Global during the first quarter worth $28,673,000.

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.