RBC Capital Sticks to Its Buy Rating for Venture Global, Inc. Class A (VG)

RBC Capital analyst Elvira Scotto maintained a Buy rating on Venture Global, Inc. Class A yesterday and set a price target of $16.00. The company’s shares closed yesterday at $12.68.

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Scotto covers the Energy sector, focusing on stocks such as Williams Co, Cheniere Energy, and Cheniere Energy Partners. According to TipRanks, Scotto has an average return of 16.3% and a 71.07% success rate on recommended stocks.

Currently, the analyst consensus on Venture Global, Inc. Class A is a Moderate Buy with an average price target of $15.95, a 25.79% upside from current levels. In a report released on April 9, Goldman Sachs also maintained a Buy rating on the stock with a $18.50 price target.

Based on Venture Global, Inc. Class A’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.45 billion and a net profit of $1.07 billion. In comparison, last year the company earned a revenue of $1.52 billion and had a net profit of $938 million

Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VG in relation to earlier this year. Earlier this month, Keith D Larson, the GC & Secretary of VG sold 1,111,112.00 shares for a total of $13,888,900.00.