Venture Global (NYSE:VG) PT Set at $16.00 by Scotiabank

Venture Global (NYSE:VG - Get Free Report) has been assigned a $16.00 price target by stock analysts at Scotiabank in a research note issued on Tuesday, MarketBeat reports. The firm currently has a "sector perform" rating on the stock. Scotiabank's price objective indicates a potential downside of 2.02% from the company's current price.

A number of other research firms have also weighed in on VG. Johnson Rice assumed coverage on shares of Venture Global in a research report on Tuesday, June 17th. They set a "buy" rating and a $20.00 target price for the company. Bank of America increased their price objective on shares of Venture Global from $12.00 to $18.50 and gave the company a "buy" rating in a report on Wednesday, June 25th. 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. JPMorgan Chase & Co. cut their price target on shares of Venture Global from $16.00 to $15.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Venture Global from a "buy" rating to a "hold" rating and set a $17.00 price objective for the company. in a research note on Monday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $16.69.

Venture Global Stock Performance

Shares of VG traded up $0.03 during mid-day trading on Tuesday, reaching $16.33. 3,254,419 shares of the company's stock traded hands, compared to its average volume of 4,573,045. 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 12 month low of $6.75 and a 12 month high of $25.50. The firm's 50-day simple moving average is $14.34.

Venture Global (NYSE:VG - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate 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 predict that Venture Global will post 0.52 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Exchange Traded Concepts LLC purchased a new position in shares of Venture Global in the 1st quarter worth about $1,316,000. Forefront Wealth Management Inc. bought a new position in shares of Venture Global during the 1st quarter valued at approximately $938,000. KG&L Capital Management LLC bought a new position in Venture Global in the 1st quarter worth approximately $359,000. Catalyst Capital Advisors LLC bought a new position in Venture Global in the 1st quarter worth approximately $14,285,000. Finally, Oppenheimer & Co. Inc. bought a new position in Venture Global in the 1st quarter worth approximately $247,000.

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.