Venture Global (NYSE:VG) Trading Down 8.1% - Should You Sell?

Key Points

• Venture Global's stock price has declined 8.1%, reaching a low of $12.55 during trading, with a notable volume drop of 13% compared to its average.
• Analysts have mixed opinions, with one sell rating, six hold ratings, and seven buy ratings, while the average target price stands at $16.85.
• The company recently announced a quarterly dividend of $0.0165 per share, yielding approximately 0.5% annually, paid on June 30th.

Venture Global, Inc. (NYSE:VG - Get Free Report)'s stock price was down 8.1% during mid-day trading on Friday . The company traded as low as $12.55 and last traded at $12.56. Approximately 6,170,973 shares were traded during trading, a decline of 13% from the average daily volume of 7,124,993 shares. The stock had previously closed at $13.67.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on VG shares. Deutsche Bank Aktiengesellschaft lowered Venture Global from a "buy" rating to a "hold" rating and set a $17.00 price target on the stock. in a research report on Monday, July 14th. Royal Bank Of Canada decreased their price objective on shares of Venture Global from $15.00 to $14.00 and set an "outperform" rating for the company in a report on Monday, May 5th. Scotiabank lifted their price objective on Venture Global from $13.00 to $16.00 and gave the stock a "sector perform" rating in a report on Tuesday, July 15th. UBS Group lowered shares of Venture Global from a "buy" rating to a "neutral" rating and boosted their target price for the company from $14.00 to $18.00 in a research note on Thursday, June 12th. Finally, The Goldman Sachs Group cut their target price on shares of Venture Global from $20.00 to $17.50 and set a "buy" rating for the company in a research report on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Venture Global currently has an average rating of "Hold" and an average target price of $16.85.

Venture Global Stock Performance

The business's 50-day moving average price is $15.75. The company has a quick ratio of 1.67, a current ratio of 1.73 and a debt-to-equity ratio of 3.49.

Venture Global (NYSE:VG - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $2.83 billion. On average, equities analysts expect that Venture Global, Inc. will post 0.52 EPS for the current year.

Venture Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 10th were issued a $0.0165 dividend. This represents a $0.07 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, June 10th.

Hedge Funds Weigh In On Venture Global

Several hedge funds and other institutional investors have recently made changes to their positions in VG. SG Americas Securities LLC acquired a new position in Venture Global in the second quarter valued at approximately $216,000. SBI Securities Co. Ltd. boosted its stake in Venture Global by 306.5% during the second quarter. SBI Securities Co. Ltd. now owns 8,675 shares of the company's stock worth $135,000 after buying an additional 6,541 shares during the period. Allworth Financial LP acquired a new stake in shares of Venture Global during the second quarter valued at about $63,000. Prospera Financial Services Inc purchased a new stake in shares of Venture Global in the 2nd quarter valued at approximately $419,000. Finally, Center for Financial Planning Inc. raised its stake in shares of Venture Global by 60.2% in the 2nd quarter. Center for Financial Planning Inc. now owns 5,792 shares of the company's stock valued at $90,000 after acquiring an additional 2,176 shares during the period.

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.

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