Venture Global (NYSE:VG) Trading Down 3.6% - Should You Sell?

Venture Global, Inc. (NYSE:VG - Get Free Report)'s share price fell 3.6% during trading on Wednesday . The stock traded as low as $16.41 and last traded at $16.42. 2,594,355 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 7,770,845 shares. The stock had previously closed at $17.04.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VG. Citigroup decreased their target price on Venture Global from $18.00 to $11.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. 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. Scotiabank dropped their target price on shares of Venture Global from $17.00 to $15.00 and set a "sector perform" rating on the stock in a research note on Friday, March 7th. Wells Fargo & Company reaffirmed a "reduce" rating on shares of Venture Global in a research report on Wednesday, May 14th. Finally, UBS Group lowered Venture Global from a "buy" rating to a "neutral" rating and boosted their price target for the company from $14.00 to $18.00 in a report on Thursday. 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, the stock currently has an average rating of "Hold" and a consensus target price of $15.96.

Venture Global Stock Performance

The stock has a 50 day moving average of $10.46.

Venture Global (NYSE:VG - Get Free Report) last released 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 firm had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $2.83 billion. On average, equities analysts anticipate that Venture Global, Inc. will post 0.52 earnings per share for the current fiscal year.

Venture Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be issued a $0.0165 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $0.07 dividend on an annualized basis and a yield of 0.39%.

Institutional Trading of Venture Global

Institutional investors have recently modified their holdings of the company. Renaissance Capital LLC bought a new position in shares of Venture Global during the 1st quarter worth approximately $1,439,000. Defined Wealth Management LLC purchased a new position in Venture Global in the first quarter worth $114,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Venture Global during the first quarter worth $156,000. Exchange Traded Concepts LLC purchased a new stake in shares of Venture Global during the 1st quarter valued at $1,316,000. Finally, Forefront Wealth Management Inc. acquired a new stake in shares of Venture Global in the 1st quarter worth $938,000.

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.