Venture Global (NYSE:VG) Stock Price Up 7.6% – Here’s What Happened

Shares of Venture Global, Inc. (NYSE:VG) rose 7.6% during mid-day trading on Tuesday . The company traded as high as $17.35 and last traded at $17.17. Approximately 4,831,810 shares traded hands during trading, a decline of 46% from the average daily volume of 8,962,104 shares. The stock had previously closed at $15.96.

Analyst Ratings Changes

VG has been the subject of a number of research reports. StockNews.com upgraded shares of Venture Global from a “sell” rating to a “hold” rating in a research report on Wednesday. Citigroup initiated coverage on shares of Venture Global in a research report on Tuesday. They set a “neutral” rating and a $18.00 price target for the company. Bank of America initiated coverage on shares of Venture Global in a research report on Tuesday. They set a “buy” rating and a $23.00 price target for the company. Guggenheim assumed coverage on shares of Venture Global in a research report on Tuesday. They set a “buy” rating and a $27.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Venture Global in a research report on Tuesday. They set a “buy” rating and a $19.00 price objective for the company. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Venture Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.91.

Venture Global Stock Performance

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.