Venture Global (NYSE:VG) Rating Lowered to “Sell” at StockNews.com

Venture Global (NYSE:VG) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Saturday.

Several other equities research analysts also recently commented on the stock. The Goldman Sachs Group set a $20.00 target price on shares of Venture Global and gave the stock a “buy” rating in a research report on Friday, March 7th. Sanford C. Bernstein began coverage on shares of Venture Global in a research report on Tuesday, February 4th. They issued a “market perform” rating and a $20.00 price target on the stock. Scotiabank dropped their price target on shares of Venture Global from $17.00 to $15.00 and set a “sector perform” rating on the stock in a research report on Friday, March 7th. JPMorgan Chase & Co. dropped their price target on shares of Venture Global from $25.00 to $16.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Finally, Guggenheim dropped their price target on shares of Venture Global from $27.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, March 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $17.55.

Venture Global Stock Performance

Shares of Venture Global stock opened at $10.65 on Friday. Venture Global has a 1 year low of $8.62 and a 1 year high of $25.50.

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

Insider Activity at Venture Global

In other Venture Global news, insider Robert B. Pender purchased 269,500 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was acquired at an average price of $10.39 per share, for a total transaction of $2,800,105.00. Following the purchase, the insider now owns 719,885 shares of the company’s stock, valued at $7,479,605.15. This trade represents a 59.84 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Sabel purchased 234,500 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were acquired at an average price of $10.53 per share, with a total value of $2,469,285.00. Following the purchase, the insider now directly owns 1,185,885 shares in the company, valued at $12,487,369.05. This represents a 24.65 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 803,000 shares of company stock worth $8,108,260 in the last quarter. Company insiders own 4.72% of the company’s stock.

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.