Goldman Lifted Projections on 3 Top Stock Pick in the Energy Sector

Ticker: LNG

12-month return: +22%

What Goldman says: The analysts highlighted the midstream energy company’s contracted cash flows, solid balance sheet, and capital allocation strategy. They also said that upcoming growth catalysts are increasingly clear for Cheniere Energy, including its Louisiana and Texas facilities.

Upside in Goldman’s projection: +9%

Ticker: VG

12-month return: +47%

What Goldman says: Venture Global has a “clear and accelerating positive catalyst path” for growth, the analysts wrote. VG can capitalize on higher global gas prices because of its open liquefaction capacity.

Upside in Goldman’s projection: +17%

Ticker: GLNG

12-month return: +30%

What Goldman says: The analysts are constructive on GLNG stock, saying there is a “clear positive catalyst path” for Golar LNG since it’s expected to secure a fourth floating liquefied natural gas vessel. They also flagged an underappreciated commodity upside and a recent strategic review as other positive levers.

Upside in Goldman’s projection: +16%