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

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.

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