Venture Global (NYSE:VG) Stock Price Down 7.3% - Time to Sell?

Shares of Venture Global, Inc. (NYSE:VG - Get Free Report) traded down 7.3% on Monday . The company traded as low as $17.61 and last traded at $17.63. 3,077,893 shares traded hands 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

A number of research analysts have recently weighed in on the company. Royal Bank Of Canada lowered their price target on Venture Global from $15.00 to $14.00 and set an "outperform" rating on the stock in a report on Monday, May 5th. The Goldman Sachs Group lowered their price target on Venture Global from $20.00 to $17.50 and set a "buy" rating on the stock in a report on Wednesday, May 14th. Citigroup lowered their price target on Venture Global from $18.00 to $11.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Wells Fargo & Company reiterated a "reduce" rating on shares of Venture Global in a report on Wednesday, May 14th. Finally, Guggenheim lowered their price target on Venture Global from $27.00 to $20.00 and set a "buy" rating on the stock in a report on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Venture Global currently has a consensus rating of "Hold" and an average price target of $16.77.

Venture Global Stock Performance

The business's 50 day moving average is $12.12. The company has a debt-to-equity ratio of 3.49, a current ratio of 1.73 and a quick ratio of 1.67.

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 the consensus estimate of $0.24 by ($0.08). The company had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $2.83 billion. On average, equities analysts forecast that Venture Global, Inc. will post 0.52 earnings per share for the current year.

Venture Global Announces Dividend

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

Hedge Funds Weigh In On Venture Global

Institutional investors have recently bought and sold shares of the business. Center for Financial Planning Inc. bought a new position in Venture Global in the 1st quarter valued at $37,000. ORG Wealth Partners LLC bought a new stake in shares of Venture Global during the first quarter worth $60,000. Federated Hermes Inc. bought a new stake in shares of Venture Global during the first quarter worth $74,000. Adalta Capital Management LLC bought a new stake in shares of Venture Global during the first quarter worth $103,000. Finally, PEAK6 LLC bought a new stake in shares of Venture Global during the first quarter worth $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.