Venture Global (NYSE:VG) Stock Price Down 7.3% - Here's Why

Venture Global, Inc. (NYSE:VG - Get Free Report) shares fell 7.3% on Monday . The stock traded as low as $17.61 and last traded at $17.63. 3,077,893 shares were traded during trading, a decline of 60% from the average session volume of 7,687,475 shares. The stock had previously closed at $19.01.

Wall Street Analysts Forecast Growth

VG has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of Venture Global from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Mizuho reduced their target price on Venture Global from $25.00 to $18.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. JPMorgan Chase & Co. lowered their price target on Venture Global from $16.00 to $15.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Wells Fargo & Company reissued a "reduce" rating on shares of Venture Global in a report on Wednesday, May 14th. Finally, Guggenheim decreased their price objective on shares of Venture Global from $27.00 to $20.00 and set a "buy" rating on the stock in a research report on Monday, March 10th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Venture Global currently has a consensus rating of "Hold" and an average target price of $16.27.

Venture Global Stock Performance

The company has a debt-to-equity ratio of 3.49, a current ratio of 1.73 and a quick ratio of 1.67. The business's 50 day simple moving average is $11.65.

Venture Global (NYSE:VG - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.08). The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.83 billion. As a group, equities research analysts anticipate that Venture Global, Inc. will post 0.52 earnings per share for the current year.

Venture Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be paid a $0.0165 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.07 annualized dividend and a dividend yield of 0.40%.

Hedge Funds Weigh In On Venture Global

Several large investors have recently added to or reduced their stakes in the company. Center for Financial Planning Inc. purchased a new position in Venture Global during the first quarter valued at $37,000. ORG Wealth Partners LLC purchased a new stake in shares of Venture Global in the first quarter worth about $60,000. Federated Hermes Inc. purchased a new stake in shares of Venture Global in the first quarter worth about $74,000. Adalta Capital Management LLC purchased a new stake in shares of Venture Global during the 1st quarter worth approximately $103,000. Finally, Defined Wealth Management LLC bought a new position in shares of Venture Global during the 1st quarter valued at approximately $114,000.

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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