Venture Global (NYSE:VG) Shares Gap Down - What's Next?

Venture Global, Inc. (NYSE:VG - Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $15.06, but opened at $14.45. Venture Global shares last traded at $14.81, with a volume of 1,452,850 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on VG shares. Johnson Rice started coverage on shares of Venture Global in a research note on Tuesday, June 17th. They issued a "buy" rating and a $20.00 target price on the stock. Scotiabank set a $16.00 price target on shares of Venture Global and gave the company a "sector perform" rating in a research note on Tuesday, July 15th. Wall Street Zen raised shares of Venture Global from a "sell" rating to a "hold" rating in a research note on Saturday, June 28th. Wells Fargo & Company reaffirmed a "reduce" rating on shares of Venture Global in a research note on Wednesday, May 14th. Finally, The Goldman Sachs Group reduced their price objective on shares of Venture Global from $20.00 to $17.50 and set a "buy" rating on the stock in a research note on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $16.85.

Venture Global Stock Performance

The firm has a 50 day moving average price of $14.99. 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 announced 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 for the quarter, compared to analyst estimates of $2.83 billion. Research analysts predict that Venture Global, Inc. will post 0.52 earnings per share for the current fiscal year.

Venture Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th were issued a $0.0165 dividend. This represents a $0.07 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date was Tuesday, June 10th.

Institutional Trading of Venture Global

A number of institutional investors have recently bought and sold shares of the business. AdvisorNet Financial Inc acquired a new position in Venture Global during the 2nd quarter worth approximately $28,000. Future Financial Wealth Managment LLC acquired a new position in Venture Global during the 2nd quarter worth approximately $47,000. Center for Financial Planning Inc. acquired a new position in Venture Global in the 1st quarter valued at approximately $37,000. ORG Wealth Partners LLC acquired a new position in Venture Global in the 1st quarter valued at approximately $60,000. Finally, Federated Hermes Inc. acquired a new position in Venture Global in the 1st quarter valued at approximately $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.