Scotiabank Slashes PT on Venture Global (VG) to $13 From $16

Venture Global, Inc. (NYSE:VG) is one of the best affordable stocks to buy under $20. On October 17, Scotiabank slashed the firm’s price target on Venture Global, Inc. (NYSE:VG) to $13 from $16 while maintaining a Sector Perform rating on the shares.

A technician making adjustments to a natural gas pipeline entering a processing facility.

The firm told investors that Venture Global, Inc. (NYSE:VG) experienced a  “tumultuous 2025 in operations and/or corporate level circumstances.” It added that while some of the effects were not in the company’s control, others were driven by divergence between consensus expectations and business performance.

In other developments, Reuters reported on October 20 that, according to a regulatory filing on Monday, Venture Global, Inc. (NYSE:VG) is seeking permission from federal regulators for the introduction of natural gas into the final block of its Plaquemines LNG plant by Thursday.

If the company attains permission from the Federal Energy Regulatory Commission, it will soon start the production of LNG from its entire Plaquemines plant, more than a year ahead of when it is anticipated to provide its “first set of long-term customers with their contracted amounts of gas”.

It further reported that the completion of the Plaquemines export facility in Louisiana would bring it to its full capacity of 27.2 million metric tons per annum (mtpa).

Venture Global, Inc. (NYSE:VG) is involved in the construction and development of liquefied natural gas production. The company’s projects include Calcasieu, Plaquemines, CP2, CP3, and Delta projects.

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Disclosure: None. This article is originally published at Insider Monkey.