Venture Global (NYSE:VG) Given New $16.00 Price Target at JPMorgan Chase & Co.

Venture Global (NYSE:VG) had its target price decreased by JPMorgan Chase & Co. from $25.00 to $16.00 in a research report released on Friday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Other research analysts have also issued research reports about the stock. Bank of America began coverage on shares of Venture Global in a research note on Tuesday, February 18th. They set a “buy” rating and a $23.00 target price for the company. The Goldman Sachs Group began coverage on shares of Venture Global in a research note on Tuesday, February 18th. They set a “buy” rating and a $29.00 target price for the company. Sanford C. Bernstein began coverage on shares of Venture Global in a research note on Tuesday, February 4th. They set a “market perform” rating and a $20.00 target price for the company. StockNews.com lowered shares of Venture Global from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $20.91.

Venture Global Trading Up 1.4 %

Venture Global stock opened at $9.23 on Friday. Venture Global has a 12-month low of $8.62 and a 12-month high of $25.50.

Venture Global (NYSE:VG) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. The firm had revenue of $1.52 billion for the quarter. On average, equities analysts forecast that Venture Global will post 0.52 EPS for the current year.

Venture Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a $0.0165 dividend. This represents a $0.07 annualized dividend and a dividend yield of 0.72%. The ex-dividend date 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.