Guggenheim Lowers Venture Global (NYSE:VG) Price Target to $20.00

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

A number of other research firms have also commented on VG. StockNews.com lowered shares of Venture Global from a “hold” rating to a “sell” rating in a research note on Tuesday, March 4th. Mizuho started coverage on shares of Venture Global in a research note on Tuesday, February 18th. They set an “outperform” rating and a $25.00 target price on the stock. The Goldman Sachs Group set a $20.00 price target on Venture Global in a report on Friday. Citigroup started coverage on Venture Global in a research note on Tuesday, February 18th. They issued a “neutral” rating and a $18.00 price objective for the company. Finally, Scotiabank lowered their target price on Venture Global from $17.00 to $15.00 and set a “sector perform” rating on the stock in a research note on Friday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $19.45.

Venture Global Price Performance

VG stock traded up $0.14 on Monday, hitting $9.35. 2,054,374 shares of the company’s stock traded hands, compared to its average volume of 8,985,138. Venture Global has a 1-year low of $8.62 and a 1-year high of $25.50.

Venture Global (NYSE:VG) last released its quarterly earnings data 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 for the quarter. As a group, research analysts expect that Venture Global will post 0.52 EPS for the current fiscal year.

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.