Scotiabank Cuts Venture Global (NYSE:VG) Price Target to $15.00

Venture Global (NYSE:VG) had its target price trimmed by Scotiabank from $17.00 to $15.00 in a research report report published on Friday morning,Benzinga reports. The brokerage currently has a sector perform rating on the stock.

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. reduced their price target on shares of Venture Global from $25.00 to $16.00 and set an “overweight” rating for the company in a report on Friday. 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 price target for the company. Bank of America began coverage on shares of Venture Global in a report on Tuesday, February 18th. They issued a “buy” rating and a $23.00 price target for the company. Deutsche Bank Aktiengesellschaft began coverage on shares of Venture Global in a report on Tuesday, February 18th. They issued a “buy” rating and a $19.00 price target for the company. Finally, Citigroup began coverage on shares of Venture Global in a report on Tuesday, February 18th. They issued a “neutral” rating and a $18.00 price target for the company. 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 company’s stock. Based on data from MarketBeat.com, Venture Global has an average rating of “Moderate Buy” and an average price target of $20.91.

Venture Global Trading Up 1.4 %

Shares of NYSE:VG opened at $9.23 on Friday. Venture Global has a 52 week low of $8.62 and a 52 week high of $25.50.

Venture Global (NYSE:VG) last issued its 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. The firm had revenue of $1.52 billion during the quarter. Equities research analysts predict that Venture Global will post 0.52 EPS for the current fiscal year.

Venture Global Announces Dividend

The company also recently declared 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. This represents a $0.07 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Monday, March 10th.

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.