Venture Global (NYSE:VG) Upgraded at Tudor Pickering

Key Points

• Analysts at Tudor Pickering have upgraded Venture Global to a "hold" rating, while others like Wells Fargo and Bank of America have increased their price targets on the stock.
• Venture Global has a consensus price target of $17.00 with nine analysts rating it as a buy and five as a hold, indicating a positive market outlook.
• Institutional investors have actively increased their stakes in Venture Global, with significant acquisitions totaling over $3.5 billion in recent quarters.

Venture Global (NYSE:VG - Get Free Report) was upgraded by stock analysts at Tudor Pickering to a "hold" rating in a report released on Tuesday,Zacks.com reports.

Several other analysts have also recently issued reports on the stock. Scotiabank boosted their price objective on shares of Venture Global from $13.00 to $16.00 and gave the company a "sector perform" rating in a research note on Tuesday, July 15th. Wall Street Zen upgraded shares of Venture Global from a "sell" rating to a "hold" rating in a report on Saturday, June 28th. Wells Fargo & Company upped their target price on shares of Venture Global from $12.00 to $14.00 and gave the company an "equal weight" rating in a research note on Thursday, August 14th. Deutsche Bank Aktiengesellschaft raised shares of Venture Global from a "hold" rating to a "buy" rating and set a $17.00 price objective for the company in a research report on Thursday, August 28th. Finally, UBS Group upgraded shares of Venture Global from a "neutral" rating to a "buy" rating and set a $18.00 target price for the company in a research report on Monday, August 25th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Venture Global has a consensus rating of "Moderate Buy" and a consensus price target of $17.00.

Venture Global Price Performance

VG stock traded up $0.65 during midday trading on Tuesday, hitting $13.49. The stock had a trading volume of 9,528,677 shares, compared to its average volume of 7,095,683. The company has a quick ratio of 1.33, a current ratio of 1.39 and a debt-to-equity ratio of 3.38. Venture Global has a 12-month low of $6.75 and a 12-month high of $25.50. The company's 50-day moving average price is $14.36 and its 200 day moving average price is $12.55.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Allianz Asset Management GmbH acquired a new stake in Venture Global in the 1st quarter worth $3,547,294,000. Vanguard Group Inc. bought a new position in Venture Global during the 1st quarter valued at about $125,788,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Venture Global during the 2nd quarter valued at about $76,489,000. Deutsche Bank AG bought a new position in shares of Venture Global in the first quarter worth about $37,798,000. Finally, Millennium Management LLC bought a new position in shares of Venture Global in the first quarter worth about $32,099,000.

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.