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Goldman Sachs Picks Top 4 Energy Stocks to Buy Now
24 Mar
Summary
- Goldman Sachs remains bullish on four energy stocks with 22% average total return.
- Key picks include Diamondback Energy, Viper Energy, Ovintiv, and Permian Resources.
- Analysts cited attractive upside despite rising energy prices and geopolitical volatility.
Goldman Sachs, a leader in investment banking, has highlighted four energy stocks poised for long-term growth, projecting an average total return of 22%. These recommendations come amid rising oil prices and geopolitical uncertainty, addressing investor concerns about current market valuations.
The selected companies – Diamondback Energy, Viper Energy, Ovintiv Inc., and Permian Resources – are favored for their potential upside and resilience in volatile markets. Goldman Sachs' research emphasizes their strong financial profiles and strategic positioning within key energy-producing regions like the Permian Basin.
Diamondback Energy (FANG) is noted for its attractive free cash flow yield and low cost structure, focusing on the Permian Basin. Viper Energy (VNOM) specializes in mineral and royalty interests within the Permian. Ovintiv Inc. (OVV) offers a diversified portfolio across the U.S. and Canada, with potential for excess free cash flow generation. Permian Resources (PR) is recognized for its strong operational execution in the Delaware Basin and focus on free cash flow growth.
These picks reflect Goldman Sachs' comprehensive research capabilities, covering thousands of securities and markets globally. The firm's data-driven analysis and thought leadership provide trusted insights for institutional investors navigating complex economic landscapes.
