Venture Global (NYSE:VG) Trading Down 6.5% - Should You Sell?

Shares of Venture Global, Inc. (NYSE:VG - Get Free Report) were down 6.5% during trading on Wednesday . The company traded as low as $15.80 and last traded at $15.83. Approximately 3,602,700 shares were traded during trading, a decline of 59% from the average daily volume of 8,843,075 shares. The stock had previously closed at $16.93.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Venture Global in a report on Tuesday, February 18th. They issued a "buy" rating and a $19.00 target price on the stock. Mizuho began coverage on Venture Global in a research report on Tuesday, February 18th. They issued an "outperform" rating and a $25.00 price objective for the company. Scotiabank started coverage on Venture Global in a research note on Tuesday, February 18th. They issued a "sector perform" rating and a $17.00 price target on the stock. Citigroup assumed coverage on shares of Venture Global in a report on Tuesday, February 18th. They issued a "neutral" rating and a $18.00 price objective on the stock. Finally, StockNews.com raised shares of Venture Global from a "sell" rating to a "hold" rating in a research note on Wednesday. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $21.91.

Venture Global Stock Performance

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.