Venture Global (NYSE:VG) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Key Points

• Wells Fargo & Company has raised its price target for Venture Global (NYSE:VG) from $12.00 to $14.00, indicating a potential upside of 3.32% from the current price.
• Other analysts have varied opinions, with Bank of America setting a higher target of $18.50 and maintaining a "buy" rating, while Deutsche Bank downgraded its rating from "buy" to "hold."
• Venture Global recently reported earnings of $0.16 per share, missing estimates by $0.08, with quarterly revenue exceeding expectations at $2.89 billion.

Venture Global (NYSE:VG - Get Free Report) had its price objective lifted by analysts at Wells Fargo & Company from $12.00 to $14.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Wells Fargo & Company's price target would indicate a potential upside of 11.91% from the company's previous close.

A number of other analysts also recently issued reports on the company. Johnson Rice started coverage on Venture Global in a research report on Tuesday, June 17th. They issued a "buy" rating and a $20.00 target price on the stock. Wall Street Zen raised Venture Global from a "sell" rating to a "hold" rating in a research report on Saturday, June 28th. The Goldman Sachs Group reduced their price objective on Venture Global from $20.00 to $17.50 and set a "buy" rating for the company in a report on Wednesday, May 14th. Scotiabank boosted their price target on Venture Global from $13.00 to $16.00 and gave the company a "sector perform" rating in a research note on Tuesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Venture Global from a "buy" rating to a "hold" rating and set a $17.00 price objective for the company. in a research report on Monday, July 14th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $17.00.

Venture Global Stock Down 8.8%

Venture Global stock traded down $1.20 during mid-day trading on Thursday, hitting $12.51. 11,041,551 shares of the company's stock were exchanged, compared to its average volume of 6,693,402. Venture Global has a fifty-two week low of $6.75 and a fifty-two week high of $25.50. The company has a debt-to-equity ratio of 3.38, a quick ratio of 1.67 and a current ratio of 1.39. The company's 50 day simple moving average is $15.65 and its 200-day simple moving average is $12.99.

Venture Global (NYSE:VG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported $0.16 earnings per share (EPS) 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 the consensus estimate of $2.83 billion. Venture Global had a return on equity of 22.45% and a net margin of 18.89%. As a group, analysts predict that Venture Global will post 0.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in Venture Global in the second quarter valued at $26,000. AdvisorNet Financial Inc bought a new position in shares of Venture Global during the 2nd quarter worth about $28,000. Future Financial Wealth Managment LLC bought a new position in shares of Venture Global during the 2nd quarter worth about $47,000. Center for Financial Planning Inc. bought a new position in shares of Venture Global during the 1st quarter worth about $37,000. Finally, Allworth Financial LP acquired a new position in Venture Global during the 2nd quarter valued at about $63,000.

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.