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

Venture Global, Inc. (NYSE:VG)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock 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.

Analysts Set New Price Targets

A number of brokerages recently issued reports on VG. The Goldman Sachs Group assumed coverage on shares of Venture Global in a report on Tuesday, February 18th. They issued a “buy” rating and a $29.00 price objective for the company. StockNews.com lowered shares of Venture Global from a “hold” rating to a “sell” rating in a report on Tuesday. 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. Mizuho started coverage on Venture Global in a report on Tuesday, February 18th. They set an “outperform” rating and a $25.00 target price on the stock. Finally, Royal Bank of Canada started coverage on Venture Global in a research note on Tuesday, February 18th. They issued an “outperform” rating and a $20.00 price target for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $21.91.

Venture Global Trading Up 2.2 %

Venture Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a $0.0165 dividend. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend is Monday, March 10th.

About Venture Global

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.