Weiss Ratings Reiterates "Sell (D)" Rating for Venture Global (NYSE:VG)

Key Points

• Weiss Ratings has maintained a "Sell (D)" rating for Venture Global (NYSE:VG) as indicated in a recent research note.
• Mizuho adjusted its price target for Venture Global's stock to $12.00, down from a previous $17.00, while Wells Fargo raised theirs to $14.00.
• Insider Thomas Earl sold over 840,000 shares of Venture Global recently, totaling approximately $11.5 million, with insiders collectively selling 1.5 million shares in the last 90 days.

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

A number of other brokerages have also recently commented on VG. Mizuho reaffirmed a "neutral" rating and set a $12.00 price objective (down previously from $17.00) on shares of Venture Global in a research note on Friday, October 10th. Tudor Pickering raised shares of Venture Global to a "hold" rating in a report on Tuesday, September 2nd. Wall Street Zen upgraded shares of Venture Global from a "sell" rating to a "hold" rating in a research report on Saturday, June 28th. Wells Fargo & Company raised their target price on Venture Global from $12.00 to $14.00 and gave the company an "equal weight" rating in a research report on Thursday, August 14th. Finally, UBS Group raised Venture Global from a "neutral" rating to a "buy" rating and set a $18.00 price target for the company in a report on Monday, August 25th. Eight investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $16.31.

Venture Global Price Performance

Venture Global stock traded down $0.05 during midday trading on Friday, hitting $9.60. 2,791,374 shares of the company were exchanged, compared to its average volume of 7,655,569. The business has a fifty day simple moving average of $12.61 and a two-hundred day simple moving average of $12.81. 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 fifty-two week low of $6.75 and a fifty-two week high of $25.50.

Insiders Place Their Bets

In related news, insider Thomas Earl sold 840,076 shares of Venture Global stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $13.74, for a total value of $11,542,644.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 1,500,000 shares of company stock valued at $20,561,011. Company insiders own 86.73% of the company's stock.

Institutional Trading of Venture Global

Institutional investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Venture Global during the first quarter worth approximately $156,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Venture Global during the first quarter worth $247,000. KG&L Capital Management LLC acquired a new stake in shares of Venture Global in the first quarter valued at about $359,000. Summit Trail Advisors LLC purchased a new position in shares of Venture Global in the first quarter worth about $114,000. Finally, Rossby Financial LCC acquired a new position in Venture Global during the first quarter worth about $211,000.

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.

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