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 on November 26 and set a price target of $13.00. The company’s shares closed yesterday at $7.13.
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Scotto covers the Energy sector, focusing on stocks such as Williams Co, Kinder Morgan, and Plains All American. According to TipRanks, Scotto has an average return of 11.4% and a 63.67% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Venture Global, Inc. Class A with a $13.33 average price target, representing an 86.96% upside. In a report released on November 26, J.P. Morgan also maintained a Buy rating on the stock with a $10.00 price target.
Based on Venture Global, Inc. Class A’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.33 billion and a net profit of $496 million. In comparison, last year the company earned a revenue of $926 million and had a GAAP net loss of $346 million
Based on the recent corporate insider activity of 25 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, Fory Musser, the SVP, Development of VG sold 1,000,000.00 shares for a total of $7,961,440.02.
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