RBC Capital Markets raises PT on Venture Global

Brokerage RBC Capital Markets raises price target on LNG company Venture Global VG.N to $20 from $14

New PT represents a premium of nearly 13% to stock's last close

RBC says the new PT reflects expectations that VG will sign additional long-term sales and purchase agreements and "higher estimates that we net against project costs"

VG shares are down marginally at $17.64 in premarket trade

8 of 14 brokerages rate the stock "buy" or higher and 6 rate it "hold"; their median PT is $13.50 - data compiled by LSEG

As of last close, stock has fallen over 26% since its IPO on the New York Stock Exchange in January