Venture Global (NYSE:VG) Sets New 12-Month Low – Time to Sell?

Venture Global, Inc. (NYSE:VG) shares reached a new 52-week low on Tuesday . The company traded as low as $13.45 and last traded at $13.47, with a volume of 231362 shares changing hands. The stock had previously closed at $13.91.

Analyst Ratings Changes

Several equities research analysts have issued reports on VG shares. Mizuho initiated coverage on Venture Global in a report on Tuesday, February 18th. They set an “outperform” rating and a $25.00 price target for the company. StockNews.com cut shares of Venture Global from a “hold” rating to a “sell” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft initiated 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. The Goldman Sachs Group assumed coverage on Venture Global in a report on Tuesday, February 18th. They set a “buy” rating and a $29.00 target price on the stock. Finally, Sanford C. Bernstein initiated coverage on shares of Venture Global in a research report on Tuesday, February 4th. They set a “market perform” rating and a $20.00 price objective for the company. One 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.91.

Venture Global Price Performance

Venture Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a dividend of $0.0165 per share. The ex-dividend date is Monday, March 10th. This represents a $0.07 annualized dividend and a dividend yield of 0.46%.

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.