Venture Global (NYSE:VG) Given New $18.50 Price Target at Bank of America

Venture Global (NYSE:VG - Get Free Report) had its target price increased by equities research analysts at Bank of America from $12.00 to $18.50 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Bank of America's target price would indicate a potential upside of 17.53% from the stock's current price.

VG has been the topic of a number of other reports. JPMorgan Chase & Co. reduced their price objective on shares of Venture Global from $16.00 to $15.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Guggenheim reduced 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 note on Monday, March 10th. 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. Wall Street Zen downgraded shares of Venture Global from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Finally, Citigroup lowered their price target on Venture Global from $18.00 to $11.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $16.77.

Venture Global Price Performance

VG traded down $1.03 during trading hours on Wednesday, reaching $15.74. 4,848,944 shares of the stock traded hands, compared to its average volume of 7,547,359. The business's fifty day moving average price is $12.28. Venture Global has a fifty-two week low of $6.75 and a fifty-two week high of $25.50. 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 released its quarterly 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 company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.83 billion. Equities research analysts expect that Venture Global will post 0.52 EPS for the current fiscal year.

Institutional Trading of Venture Global

A number of large investors have recently modified their holdings of VG. Center for Financial Planning Inc. acquired a new stake in Venture Global in the 1st quarter valued at approximately $37,000. ORG Wealth Partners LLC acquired a new position in Venture Global during the 1st quarter worth $60,000. Federated Hermes Inc. bought a new position in shares of Venture Global in the first quarter worth $74,000. Adalta Capital Management LLC acquired a new position in shares of Venture Global during the first quarter valued at $103,000. Finally, Defined Wealth Management LLC bought a new stake in shares of Venture Global during the first quarter valued at about $114,000.

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.