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Stock impact report

Here is Why Venture Global (VG) Continued to Slump This Week [Yahoo! Finance]

Venture Global, Inc. Class A common stock (VG) 
Last venture global, inc. class a common stock earnings: 2/18 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.vonage.com
Company Research Source: Yahoo! Finance
Venture Global, Inc. (NYSE:VG) develops and constructs LNG export projects to provide clean, affordable energy to the world. The company is currently the second-largest LNG exporter in the United States. Venture Global, Inc. (NYSE:VG) came under pressure on November 27 when JPMorgan trimmed its price target on the stock from $16 to $10, while maintaining an ‘Overweight' rating on its shares. Earlier on November 24, Citi analyst Spiro Dounis also reduced the firm's price target on VG from $16 to $9, while maintaining its ‘Neutral' rating. Moreover, negative investor sentiment stems from the company's legal uncertainties, as Shell is set to challenge Venture Global, Inc. (NYSE:VG) over a prior arbitration win around LNG deliveries, raising the prospect of billions in potential damages. It is also worth noting that the overall American LNG sector is now facing headwinds due to rising domestic natural gas prices and declining LNG prices in major demand centers in Asia and Europe. W Show less Read more
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