Tudor Pickering Upgrades Venture Global (NYSE:VG) to "Hold"

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 Tudor Pickering to a "hold" rating in a research note issued to investors on Tuesday, September 2nd,Zacks.com reports.

VG has been the subject of a number of other research reports. Scotiabank lifted their target price on Venture Global from $13.00 to $16.00 and gave the stock a "sector perform" rating in a report on Tuesday, July 15th. Bank of America lifted their target price on Venture Global from $12.00 to $18.50 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Wall Street Zen raised Venture Global from a "sell" rating to a "hold" rating in a report on Saturday, June 28th. UBS Group raised Venture Global from a "neutral" rating to a "buy" rating and set a $18.00 target price for the company in a report on Monday, August 25th. Finally, Deutsche Bank Aktiengesellschaft raised Venture Global from a "hold" rating to a "buy" rating and set a $17.00 target price for the company in a report on Thursday, August 28th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Venture Global currently has a consensus rating of "Moderate Buy" and an average price target of $17.00.

Venture Global Stock Up 0.4%

VG stock traded up $0.05 on Tuesday, reaching $13.61. 3,298,055 shares of the company traded hands, compared to its average volume of 7,070,602. Venture Global has a one year low of $6.75 and a one year high of $25.50. The company has a quick ratio of 1.33, a current ratio of 1.39 and a debt-to-equity ratio of 3.38. The firm has a fifty day simple moving average of $14.32 and a 200-day simple moving average of $12.54.

Hedge Funds Weigh In On Venture Global

A number of institutional investors and hedge funds have recently modified their holdings of the company. Osaic Holdings Inc. boosted its stake in shares of Venture Global by 60.6% in the 2nd quarter. Osaic Holdings Inc. now owns 23,725 shares of the company's stock worth $370,000 after buying an additional 8,951 shares during the last quarter. Delos Wealth Advisors LLC purchased a new position in Venture Global during the second quarter valued at $45,000. Rafferty Asset Management LLC purchased a new position in Venture Global during the second quarter valued at $1,096,000. HRT Financial LP purchased a new position in Venture Global during the second quarter valued at $2,588,000. Finally, IHT Wealth Management LLC purchased a new position in Venture Global during the second quarter valued at $349,000.

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.