Venture Global (NYSE:VG) Sets New 52-Week Low – What’s Next?

Venture Global, Inc. (NYSE:VG) shares hit a new 52-week low during 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.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on VG shares. Bank of America initiated coverage on Venture Global in a report on Tuesday, February 18th. They issued a “buy” rating and a $23.00 target price for the company. JPMorgan Chase & Co. began coverage on shares of Venture Global in a report on Tuesday, February 18th. They issued an “overweight” rating and a $25.00 price target on the stock. Citigroup initiated coverage on shares of Venture Global in a research report on Tuesday, February 18th. They set a “neutral” rating and a $18.00 price target for the company. The Goldman Sachs Group initiated coverage on shares of Venture Global in a research report on Tuesday, February 18th. They issued a “buy” rating and a $29.00 price objective on the stock. Finally, Royal Bank of Canada initiated coverage on shares of Venture Global in a research note on Tuesday, February 18th. They set an “outperform” rating and a $20.00 price target for the company. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.91.

Venture Global Stock 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.