Venture Global (NYSE:VG) Reaches New 12-Month Low – Here’s What Happened

Venture Global, Inc. (NYSE:VG)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $14.55 and last traded at $14.78, with a volume of 469504 shares changing hands. The stock had previously closed at $15.18.

Analyst Upgrades and Downgrades

Several brokerages recently commented on VG. JPMorgan Chase & Co. initiated coverage on Venture Global in a research report on Tuesday, February 18th. They set an “overweight” rating and a $25.00 price target for the company. Guggenheim assumed coverage on Venture Global in a report on Tuesday, February 18th. They issued a “buy” rating and a $27.00 price objective for the company. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Venture Global in a report on Tuesday, February 18th. They set a “buy” rating and a $19.00 target price on the stock. 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 price objective for the company. Finally, Wells Fargo & Company initiated coverage on Venture Global in a research note on Tuesday, February 18th. They set an “equal weight” 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.91.

Venture Global Price Performance

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.