Venture Global (NYSE:VG) Stock Price Down 4.5% - Should You Sell?

Venture Global, Inc. (NYSE:VG - Get Free Report) was down 4.5% during trading on Monday . The company traded as low as $17.05 and last traded at $17.08. Approximately 2,673,351 shares traded hands during trading, a decline of 64% from the average daily volume of 7,379,552 shares. The stock had previously closed at $17.88.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on VG. UBS Group cut Venture Global from a "buy" rating to a "neutral" rating and lifted their target price for the company from $14.00 to $18.00 in a report on Thursday, June 12th. Wells Fargo & Company reiterated a "reduce" rating on shares of Venture Global in a report on Wednesday, May 14th. JPMorgan Chase & Co. cut their price target on shares of Venture Global from $16.00 to $15.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Johnson Rice initiated coverage on shares of Venture Global in a research note on Tuesday, June 17th. They set a "buy" rating and a $20.00 price objective for the company. Finally, Royal Bank Of Canada cut their target price on shares of Venture Global from $15.00 to $14.00 and set an "outperform" rating on the stock in a research note on Monday, May 5th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $16.77.

Venture Global Trading Down 5.5%

The company has a quick ratio of 1.67, a current ratio of 1.73 and a debt-to-equity ratio of 3.49. The company has a 50-day moving average of $13.87.

Venture Global (NYSE:VG - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.83 billion. Research analysts anticipate that Venture Global, Inc. will post 0.52 EPS for the current year.

Venture Global Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. AdvisorNet Financial Inc bought a new position in shares of Venture Global in the second quarter valued at $28,000. Center for Financial Planning Inc. acquired a new stake in Venture Global during the 1st quarter valued at $37,000. ORG Wealth Partners LLC acquired a new stake in Venture Global during the 1st quarter valued at $60,000. Federated Hermes Inc. acquired a new stake in Venture Global during the 1st quarter valued at $74,000. Finally, Adalta Capital Management LLC acquired a new stake in Venture Global during the 1st quarter valued at $103,000.

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.

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