StockNews.com Downgrades Venture Global (NYSE:VG) to Sell

Venture Global (NYSE:VG) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Saturday.

A number of other research firms also recently weighed in on VG. Royal Bank of Canada began coverage on shares of Venture Global in a research report on Tuesday, February 18th. They issued an “outperform” rating and a $20.00 target price for the company. Bank of America began coverage on shares of Venture Global in a research report on Tuesday, February 18th. They issued a “buy” rating and a $23.00 target price for the company. The Goldman Sachs Group set a $20.00 target price on shares of Venture Global and gave the company a “buy” rating in a research report on Friday, March 7th. Mizuho decreased their target price on shares of Venture Global from $25.00 to $18.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Finally, Guggenheim decreased their target price on shares of Venture Global from $27.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.55.

Venture Global Trading Up 10.0 %

Shares of VG stock opened at $10.65 on Friday. Venture Global has a 12-month low of $8.62 and a 12-month high of $25.50.

Venture Global (NYSE:VG) last issued its quarterly earnings data on Thursday, March 6th. The company reported $0.33 earnings per share (EPS) 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, sell-side analysts expect that Venture Global will post 0.52 EPS for the current fiscal year.

Insider Transactions at Venture Global

In other Venture Global news, insider Michael Sabel purchased 234,500 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were acquired at an average cost of $10.53 per share, with a total value of $2,469,285.00. Following the completion of the transaction, the insider now owns 1,185,885 shares in the company, valued at $12,487,369.05. The trade was a 24.65 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert B. Pender purchased 269,500 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $10.39 per share, for a total transaction of $2,800,105.00. Following the completion of the transaction, the insider now owns 719,885 shares of the company’s stock, valued at $7,479,605.15. This trade represents a 59.84 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 803,000 shares of company stock worth $8,108,260. 4.72% of the stock is owned by insiders.

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.