Venture Global (NYSE:VG) Trading Down 6.5% – Should You Sell?

Venture Global, Inc. (NYSE:VG)’s share price traded down 6.5% during trading on Wednesday . The company traded as low as $15.80 and last traded at $15.83. 3,602,700 shares changed hands 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 Analyst Weigh In

A number of brokerages have issued reports on VG. Mizuho started coverage on Venture Global in a research note on Tuesday. They issued an “outperform” rating and a $25.00 price objective for the company. Wells Fargo & Company began coverage on shares of Venture Global in a research report on Tuesday. They set an “equal weight” rating and a $18.00 price target for the company. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Venture Global in a research report on Tuesday. They issued a “buy” rating and a $19.00 price objective on the stock. Guggenheim assumed coverage on shares of Venture Global in a research report on Tuesday. They set a “buy” rating and a $27.00 target price for the company. Finally, Scotiabank initiated coverage on shares of Venture Global in a research note on Tuesday. They set a “sector perform” rating and a $17.00 price target for the company. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.91.

Venture Global Price Performance

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.