Venture Global (NYSE:VG) Downgraded to “Sell” Rating by StockNews.com

StockNews.com downgraded shares of Venture Global (NYSE:VG) from a hold rating to a sell rating in a research report report published on Tuesday.

A number of other analysts have also recently weighed in on VG. Scotiabank began coverage on shares of Venture Global in a report on Tuesday, February 18th. They set a “sector perform” rating and a $17.00 price objective on the stock. Bank of America began coverage on shares of Venture Global in a report on Tuesday, February 18th. They set a “buy” rating and a $23.00 price objective on the stock. Wells Fargo & Company began coverage on shares of Venture Global in a report on Tuesday, February 18th. They set an “equal weight” rating and a $18.00 price objective on the stock. Guggenheim began coverage on shares of Venture Global in a report on Tuesday, February 18th. They issued a “buy” rating and a $27.00 target price on the stock. Finally, The Goldman Sachs Group began coverage on shares of Venture Global in a report on Tuesday, February 18th. They issued a “buy” rating and a $29.00 target price on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $21.91.

Venture Global Stock Down 36.1 %

Shares of NYSE VG opened at $9.10 on Tuesday. Venture Global has a 1 year low of $8.72 and a 1 year high of $25.50.

Venture Global (NYSE:VG) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. Analysts expect that Venture Global will post 0.52 EPS for the current fiscal year.

Venture Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a dividend of $0.0165 per share. The ex-dividend date is Monday, March 10th. This represents a $0.07 dividend on an annualized basis and a yield of 0.73%.

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.