Venture Global (NYSE:VG) Rating Lowered to Sell at StockNews.com

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

A number of other research analysts have also issued reports on VG. 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 report on Friday, March 7th. Guggenheim lowered their target price on Venture Global from $27.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, March 10th. Bank of America initiated coverage on Venture Global in a report on Tuesday, February 18th. They set a “buy” rating and a $23.00 target price on the stock. Sanford C. Bernstein initiated coverage on Venture Global in a report on Tuesday, February 4th. They set a “market perform” rating and a $20.00 target price on the stock. Finally, Citigroup lowered their target price on Venture Global from $18.00 to $11.00 and set a “neutral” rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17.55.

Venture Global Price Performance

Shares of VG opened at $10.65 on Friday. Venture Global has a one year low of $8.62 and a one year high of $25.50.

Venture Global (NYSE:VG) last released its earnings results on Thursday, March 6th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $1.52 billion for the quarter. As a group, sell-side analysts expect that Venture Global will post 0.52 earnings per share for the current fiscal year.

Insider Activity at Venture Global

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

Venture Global Company Profile

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.