Venture Global (NYSE:VG) Trading Down 6.5% – Here’s Why

Venture Global, Inc. (NYSE:VG)’s stock price fell 6.5% on Wednesday . The stock traded as low as $15.80 and last traded at $15.83. 3,602,700 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 8,843,075 shares. The stock had previously closed at $16.93.

Analyst Ratings Changes

Several brokerages recently issued reports on VG. JPMorgan Chase & Co. assumed coverage on shares of Venture Global in a research note on Tuesday. They set an “overweight” rating and a $25.00 target price on the stock. The Goldman Sachs Group initiated coverage on Venture Global in a research note on Tuesday. They issued a “buy” rating and a $29.00 target price for the company. Citigroup began coverage on Venture Global in a research note on Tuesday. They set a “neutral” rating and a $18.00 price target on the stock. Deutsche Bank Aktiengesellschaft started coverage on Venture Global in a research note on Tuesday. They issued a “buy” rating and a $19.00 price objective for the company. Finally, Royal Bank of Canada initiated coverage on Venture Global in a research report on Tuesday. They set an “outperform” rating and a $20.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.91.

Venture Global Stock Down 7.6 %

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.