Scotiabank Boosts Venture Global (NYSE:VG) Price Target to $16.00

Venture Global (NYSE:VG - Get Free Report) had its price objective boosted by Scotiabank from $13.00 to $16.00 in a research note issued to investors on Tuesday, July 15th, MarketBeat.com reports. The firm currently has a "sector perform" rating on the stock. Scotiabank's price target suggests a potential upside of 4.10% from the stock's current price.

Several other analysts have also commented on the company. Wall Street Zen raised Venture Global from a "sell" rating to a "hold" rating in a report on Saturday, June 28th. UBS Group lowered Venture Global from a "buy" rating to a "neutral" rating and raised their price objective for the company from $14.00 to $18.00 in a report on Thursday, June 12th. 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. Royal Bank Of Canada dropped their price objective on Venture Global from $15.00 to $14.00 and set an "outperform" rating on the stock in a report on Monday, May 5th. Finally, Deutsche Bank Aktiengesellschaft lowered Venture Global from a "buy" rating to a "hold" rating and set a $17.00 price objective on the stock. in a report on Monday, July 14th. One 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. According to data from MarketBeat, Venture Global currently has a consensus rating of "Hold" and a consensus target price of $16.85.

Venture Global Stock Down 1.9%

Venture Global stock opened at $15.37 on Tuesday. Venture Global has a 52 week low of $6.75 and a 52 week high of $25.50. The business's 50-day moving average is $15.39. 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 (NYSE:VG - Get Free Report) last posted its 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 during the quarter, compared to analysts' expectations of $2.83 billion. Sell-side analysts forecast that Venture Global will post 0.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of VG. AdvisorNet Financial Inc acquired a new position in shares of Venture Global during the 2nd quarter worth about $28,000. Center for Financial Planning Inc. acquired a new position in shares of Venture Global during the 1st quarter worth about $37,000. Future Financial Wealth Managment LLC acquired a new position in shares of Venture Global during the 2nd quarter worth about $47,000. ORG Wealth Partners LLC acquired a new position in shares of Venture Global during the 1st quarter worth about $60,000. Finally, Federated Hermes Inc. acquired a new position in shares of Venture Global during the 1st quarter worth about $74,000.

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.