Here are the top 5 energy stocks, according to Goldman Sachs

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Goldman Sachs says it keeps a “constructive” view on the energy sector thanks to cash flows and valuations.

Goldman Sachs on Monday picked five top energy stocks of ahead of their quarterly earnings, saying it keeps a “constructive” view on the sector thanks to cash flows and valuations, among other highlights.

The analysts, however, “maintain a long-term constructive/bullish posture given strong cash flow, discounted valuation, the growing strategic value of U.S. gas/oil, and improving returns on and of capital,” they said. Highlights for Chesapeake Energy Corp. CHK, +2.85% are its natural-gas assets, which underpin “attractive generation supported by a strong balance sheet,” the analysts said.

Unlike Diamondback Energy and Chesapeake Energy, Pioneer Natural Resources Co. PXD, +5.61% has outperformed “peers since the recent correction, which we believe is in part due to its strong balance sheet and attractive dividend yield,” the Goldman analysts said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Goldman Sachs cuts earnings outlook for MSCI China to zero growthMSCI China tracks more than 700 China stocks listed globally, including Tencent, BYD and Industrial and Commercial Bank of China.
Source: CNBC - 🏆 12. / 72 Read more »

Electric vehicles are disrupting this $255 billion sector. Here are the stocks to cash in: UBSInvestors are focused on the future of the powertrain, according to UBS, which names its top stocks to cash in on the theme.
Source: CNBC - 🏆 12. / 72 Read more »

Goldman Sachs cuts earnings outlook for MSCI China to zero growthMSCI China tracks more than 700 China stocks listed globally, including Tencent, BYD and Industrial and Commercial Bank of China.
Source: CNBC - 🏆 12. / 72 Read more »