Guggenheim Has Lowered Expectations for Venture Global (NYSE:VG) Stock Price

Venture Global (NYSE:VG) had its target price reduced by equities research analysts at Guggenheim from $27.00 to $20.00 in a report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Guggenheim’s target price points to a potential upside of 113.90% from the stock’s current price.

Several other research firms have also weighed in on VG. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Venture Global in a research note on Tuesday, February 18th. They set a “buy” rating and a $19.00 target price for the company. Bank of America started coverage on shares of Venture Global in a research note on Tuesday, February 18th. They set a “buy” rating and a $23.00 price objective on the stock. Sanford C. Bernstein began coverage on Venture Global in a research note on Tuesday, February 4th. They issued a “market perform” rating and a $20.00 target price for the company. Mizuho began coverage on Venture Global in a research report on Tuesday, February 18th. They set an “outperform” rating and a $25.00 price target on the stock. Finally, Wells Fargo & Company initiated coverage on Venture Global in a research report on Tuesday, February 18th. They set an “equal weight” rating and a $18.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $19.45.

Venture Global Price Performance

Shares of VG stock traded up $0.14 during mid-day trading on Monday, reaching $9.35. 2,054,374 shares of the company were exchanged, compared to its average volume of 8,985,138. Venture Global has a fifty-two week low of $8.62 and a fifty-two week high of $25.50.

Venture Global (NYSE:VG) last released its earnings results on Thursday, March 6th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. The company had revenue of $1.52 billion during the quarter. On average, equities analysts anticipate that Venture Global will post 0.52 earnings per share for the current fiscal year.

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.