Venture Global (NYSE:VG) Shares Gap Down – Here’s What Happened

Venture Global, Inc. (NYSE:VG)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $14.23, but opened at $11.38. Venture Global shares last traded at $11.17, with a volume of 8,140,663 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have recently 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 price target on the stock. Wells Fargo & Company initiated coverage on Venture Global in a research note on Tuesday, February 18th. They issued an “equal weight” rating and a $18.00 target price on the stock. Mizuho began coverage on shares of Venture Global in a research note on Tuesday, February 18th. They set an “outperform” rating and a $25.00 target price for the company. Sanford C. Bernstein started coverage on shares of Venture Global in a research note on Tuesday, February 4th. They issued a “market perform” rating and a $20.00 price target on the stock. Finally, Scotiabank began coverage on shares of Venture Global in a report on Tuesday, February 18th. They set a “sector perform” rating and a $17.00 price objective for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.91.

Venture Global Trading Down 29.2 %

Venture Global (NYSE:VG) last posted its earnings results on Thursday, March 6th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. As a group, sell-side analysts forecast that Venture Global, Inc. will post 0.52 EPS for the current year.

Venture Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a dividend of $0.0165 per share. The ex-dividend date is Monday, March 10th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.65%.

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.