Wells Fargo Initiates Coverage on Venture Global (NYSE:VG)

Research analysts at Wells Fargo & Company announced the initiation of coverage for Venture Global (NYSE:VG) in a report made public on Tuesday. They have assigned the stock an "equal weight" rating along with a target price of $18.00 per share.

This price target reflects a potential upside of approximately 12.99% from the stock's last closing price, indicating a cautiously optimistic outlook on the company’s performance.

Recent Analyst Activity

Venture Global has recently seen increased attention from several other analysts as well. Mizuho also initiated coverage on Tuesday, designating an "outperform" rating with a target price of $25.00. Additionally, StockNews.com started its coverage of Venture Global on February 11, assigning it a "sell" rating.

Royal Bank of Canada entered the scene on Tuesday as well, issuing an "outperform" rating with a target price of $20.00. Scotiabank has an ongoing coverage with a "sector perform" rating and a target price of $17.00, while Citigroup has assigned a "neutral" rating with a $18.00 price target.

In total, one research analyst has given the stock a sell rating, four analysts have issued hold ratings, and a total of seven analysts have assigned buy ratings. According to MarketBeat, the consensus rating for Venture Global currently stands at "Moderate Buy," with an average target price of approximately $21.91.

Stock Performance

On Tuesday, shares of Venture Global opened at $15.93. The stock has fluctuated over the year, presenting a low of $14.75 and a high of $25.50.

About Venture Global

Venture Global is at the forefront of changing how liquefied natural gas (LNG) production is developed and constructed. The company prides itself on its innovative, scalable, and repeatable methodologies, which enable it to deliver LNG to the global market more efficiently and at a lower cost.

Looking Ahead

As analysts continue to evaluate Venture Global's market position and future prospects, shareholders and potential investors are encouraged to stay informed about upcoming developments.

Wells, Fargo, Venture