Venture Global's (VG) "Sell (D)" Rating Reiterated at Weiss Ratings

Key Points

• Venture Global has had its "sell (D)" rating reaffirmed by Weiss Ratings, suggesting ongoing concerns about the company's stock performance.
• While Weiss Ratings maintains a negative outlook, other analysts such as JPMorgan and UBS have issued upgraded ratings, with target prices reaching as high as $20.00.
• The company's stock price recently rose to $13.05, following insider sales where an executive sold 840,076 shares for over $11 million.

Venture Global (NYSE:VG - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by equities researchers at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

VG has been the topic of several other research reports. Wall Street Zen upgraded Venture Global from a "sell" rating to a "hold" rating in a report on Saturday, June 28th. Wells Fargo & Company boosted their target price on Venture Global from $12.00 to $14.00 and gave the company an "equal weight" rating in a report on Thursday, August 14th. JPMorgan Chase & Co. increased their target price on Venture Global from $15.00 to $17.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. UBS Group upgraded Venture Global from a "neutral" rating to a "buy" rating and set a $18.00 price target on the stock in a report on Monday, August 25th. Finally, Johnson Rice assumed coverage on Venture Global in a report on Tuesday, June 17th. They set a "buy" rating and a $20.00 target price on the stock. Nine investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $17.00.

Venture Global Stock Performance

Shares of NYSE:VG traded up $0.15 during trading on Wednesday, reaching $13.05. The stock had a trading volume of 3,752,991 shares, compared to its average volume of 7,305,158. Venture Global has a 1-year low of $6.75 and a 1-year high of $25.50. The company has a debt-to-equity ratio of 3.38, a quick ratio of 1.33 and a current ratio of 1.39. The business has a fifty day moving average price of $13.60 and a 200-day moving average price of $12.83.

Insider Buying and Selling at Venture Global

In other news, insider Thomas Earl sold 840,076 shares of Venture Global stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $13.74, for a total transaction of $11,542,644.24. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders sold a total of 1,500,000 shares of company stock worth $20,561,011 in the last quarter. Insiders own 86.73% of the company's stock.

Institutional Investors Weigh In On Venture Global

A number of institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Venture Global in the 2nd quarter worth approximately $26,000. AdvisorNet Financial Inc acquired a new stake in Venture Global during the 2nd quarter worth $28,000. Center for Financial Planning Inc. raised its stake in Venture Global by 60.2% during the 2nd quarter. Center for Financial Planning Inc. now owns 5,792 shares of the company's stock worth $90,000 after buying an additional 2,176 shares during the period. Summit Financial Wealth Advisors LLC raised its stake in Venture Global by 24.1% during the 2nd quarter. Summit Financial Wealth Advisors LLC now owns 12,875 shares of the company's stock worth $201,000 after buying an additional 2,500 shares during the period. Finally, Delos Wealth Advisors LLC bought a new position in Venture Global during the 2nd quarter worth about $45,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.