Goldman Sachs Reaffirms Their Buy Rating on Venture Global, Inc. Class A (VG)

In a report released yesterday, John Mackay from Goldman Sachs maintained a Buy rating on Venture Global, Inc. Class A, with a price target of $18.50.

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According to TipRanks, Mackay is a 5-star analyst with an average return of 22.1% and a 69.57% success rate. Mackay covers the Energy sector, focusing on stocks such as Venture Global, Inc. Class A, Enterprise Products Partners, and Golar LNG.

In addition to Goldman Sachs, Venture Global, Inc. Class A also received a Buy from RBC Capital’s Elvira Scotto in a report issued on April 16. However, on the same day, Scotiabank maintained a Hold rating on Venture Global, Inc. Class A (NYSE: VG).

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.