Goldman Sachs Sees 20%+ Upside for Golar LNG on $75 Brent Forecast
Goldman Sachs included Golar LNG as one of ten Buy-rated oil stocks expected to gain at least 20% if Brent crude holds at $75 per barrel. The firm highlighted Golar LNG among smaller-cap, underappreciated names likely to benefit from sustained elevated oil prices driven by Middle East tensions.
1. Inclusion in Goldman Sachs Buy List
Goldman Sachs strategist Neil Mehta identified Golar LNG as one of ten Buy-rated stocks poised for above-average returns, classifying it among smaller-cap, underappreciated names with idiosyncratic upside skew at current levels.
2. Brent Price and Upside Potential
Applying a normalized Brent crude forecast of $75 per barrel, the firm projects at least 20% upside across its recommendations, citing higher long-dated inventory valuations for oil and service companies as a key support factor.
3. Geopolitical Tensions Fuel Price Outlook
Persistent Iran conflict concerns and the U.S. blockade of Strait of Hormuz trade routes reinforce expectations of elevated crude prices, underpinning bullish forecasts for oil-related equities including Golar LNG.