Wells Fargo & Company Issues Positive Forecast for Venture Global (NYSE:VG) Stock Price

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 raised by analysts at Wells Fargo & Company from $12.00 to $14.00 in a report issued 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 14.85% from the company's current price.

A number of other analysts also recently weighed in on VG. Royal Bank Of Canada cut their price target on shares of Venture Global from $15.00 to $14.00 and set an "outperform" rating on the stock in a research report on Monday, May 5th. Wall Street Zen upgraded shares of Venture Global from a "sell" rating to a "hold" rating in a research report on Saturday, June 28th. Scotiabank increased their price target on shares of Venture Global from $13.00 to $16.00 and gave the company a "sector perform" rating in a research report on Tuesday, July 15th. Deutsche Bank Aktiengesellschaft downgraded shares of Venture Global from a "buy" rating to a "hold" rating and set a $17.00 price target on the stock. in a research report on Monday, July 14th. Finally, Johnson Rice started coverage on shares of Venture Global in a research report on Tuesday, June 17th. They issued a "buy" rating and a $20.00 price target on the stock. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $17.00.

Venture Global Price Performance

Shares of VG stock traded down $0.19 on Thursday, reaching $12.19. The company had a trading volume of 1,621,481 shares, compared to its average volume of 7,190,874. The company has a 50-day moving average of $15.58 and a 200-day moving average of $12.99. The company has a debt-to-equity ratio of 3.38, a quick ratio of 1.33 and a current ratio of 1.39. Venture Global has a 12 month low of $6.75 and a 12 month high of $25.50.

Hedge Funds Weigh In On Venture Global

Large investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Venture Global during the 2nd quarter worth approximately $26,000. AdvisorNet Financial Inc bought a new stake in shares of Venture Global during the 2nd quarter worth approximately $28,000. Center for Financial Planning Inc. raised its stake in shares of 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 purchasing an additional 2,176 shares in the last quarter. Delos Wealth Advisors LLC bought a new stake in shares of Venture Global during the 2nd quarter worth approximately $45,000. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of Venture Global during the 2nd quarter worth approximately $47,000.

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.