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

Venture Global, Inc. (NYSE:VG) shares dropped 6.5% during mid-day trading on Wednesday . The stock traded as low as $15.80 and last traded at $15.83. Approximately 3,602,700 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 8,843,075 shares. The stock had previously closed at $16.93.

Analysts Set New Price Targets

A number of research firms have issued reports on VG. The Goldman Sachs Group began coverage on Venture Global in a report on Tuesday. They set a “buy” rating and a $29.00 price target on the stock. Guggenheim began coverage on shares of Venture Global in a research note on Tuesday. They set a “buy” rating and a $27.00 target price on the stock. Mizuho started coverage on shares of Venture Global in a research note on Tuesday. They issued an “outperform” rating and a $25.00 price target for the company. JPMorgan Chase & Co. started coverage on shares of Venture Global in a research report on Tuesday. They set an “overweight” rating and a $25.00 price objective on the stock. Finally, Citigroup initiated coverage on Venture Global in a research report on Tuesday. They issued a “neutral” rating and a $18.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.91.

Venture Global Trading 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.