Venture Global (NYSE:VG) Stock Price Down 6.5% – Here’s What Happened

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

Wall Street Analysts Forecast Growth

VG has been the topic of a number of research analyst reports. Sanford C. Bernstein assumed coverage on Venture Global in a research note on Tuesday, February 4th. They issued a “market perform” rating and a $20.00 target price on the stock. Wells Fargo & Company assumed coverage on Venture Global in a research report on Tuesday. They issued an “equal weight” rating and a $18.00 price objective on the stock. Guggenheim began coverage on Venture Global in a research note on Tuesday. They issued a “buy” rating and a $27.00 price objective for the company. Citigroup started coverage on Venture Global in a research note on Tuesday. They set a “neutral” rating and a $18.00 target price on the stock. Finally, The Goldman Sachs Group began coverage on shares of Venture Global in a report on Tuesday. They issued a “buy” rating and a $29.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.91.

Venture Global Stock Down 4.9 %

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.