Mizuho Cuts Venture Global (NYSE:VG) Price Target to $18.00

Venture Global (NYSE:VG) had its target price lowered by research analysts at Mizuho from $25.00 to $18.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Mizuho’s price target would suggest a potential upside of 100.45% from the stock’s current price.

A number of other analysts have also weighed in on VG. Sanford C. Bernstein initiated 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 objective for the company. JPMorgan Chase & Co. dropped their price objective on shares of Venture Global from $25.00 to $16.00 and set an “overweight” rating on the stock in a research note on Friday. Guggenheim reduced their price objective on shares of Venture Global from $27.00 to $20.00 and set a “buy” rating for the company in a research note on Monday. Royal Bank of Canada began coverage on Venture Global in a research report on Tuesday, February 18th. They set an “outperform” rating and a $20.00 target price on the stock. Finally, Scotiabank cut their price target on Venture Global from $17.00 to $15.00 and set a “sector perform” rating on the stock in a report on Friday. One investment 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $18.82.

Venture Global Stock Down 2.7 %

Shares of NYSE:VG opened at $8.98 on Tuesday. Venture Global has a one year low of $8.62 and a one year high of $25.50.

Venture Global (NYSE:VG) last issued its earnings results on Thursday, March 6th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. The firm had revenue of $1.52 billion during the quarter. As a group, sell-side analysts forecast that Venture Global will post 0.52 earnings per share for the current fiscal year.

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.