Finance

Goldman picks dividend-energy stocks with upside: COP, HAL, PR, VST, GLNG

Goldman Sachs named a dividend-focused energy lineup with upside potential amid oil-price volatility. The picks include ConocoPhillips, Halliburton, Permian Resources, Vistra, and Golar LNG, blending yield with catalysts across producers, services, and mid-caps.

📅 April 17, 2026
⏱️ 2 min read
Goldman picks dividend-energy stocks with upside: COP, HAL, PR, VST, GLNG

Key Takeaways

  • Goldman highlights COP, HAL, PR, VST, and GLNG as dividend-paying upside energy names in a mid-cycle setup.
  • COP yields about 2.76% and carries a $144 price target, implying ≈18% upside; COP is on Goldman’s Americas Conviction List.
  • PR yields about 3.13% with a $23 target, about 13% upside.
  • VST target listed at $212 with ≈28% upside (likely a misprint needing confirmation); GLNG target is $60 for ≈13% upside.
  • The note ties income to higher cash flows and cost savings, including COP’s 20-25% FCF per share CAGR through 2030.

People Involved

  • Neil Mehta Goldman Sachs Analyst

Entities Involved

  • ConocoPhillips (COP) Integrated energy producer
  • Halliburton (HAL) Energy services provider
  • Permian Resources (PR) Independent exploration & production company
  • Vistra (VST) Utility/energy company
  • Golar LNG (GLNG) LNG shipping and energy transport

MarketMoodz Analysis

The note signals a mid-cycle, multi-theme approach that combines dividend income with upside catalysts as oil markets recover and discipline persists across the sector. Investors get exposure to a diversified mix of upstream, services, and mid-cap names, with cash-flow-driven supports like cost cuts and project completions underpinning the thesis.

Historically, energy equities have offered both income and upside when commodity prices rebounded from cycles of volatility. The Goldman list aligns with a pattern where disciplined capex and improving cost structures translate into stronger cash flow, supporting dividends and equity appreciation even as oil prices wobble.

What to watch next: keep an eye on oil and gas prices, capex realization, and LNG demand as catalysts. Also verify the Vistra price target and stay alert for any updates from Goldman on the note, since some numbers may reflect internal models or misprints.

Source: Original Article

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