Goldman Sachs recently released outlook for the stocks of some of the companies in the oil and gas sector.
The brokerage expects improved outlook for the scrip of Oil India owing to fuel price increases and potential gas price hike.
Goldman Sachs expects Oil India’s net crude realization to improve from $54 in current fiscal to $58.2 per barrel in 2014-15.
The brokerage, meanwhile, downgraded Gujarat State Petronet’s (GSPL) stock to ‘neutral’ from ‘buy’ owing to lower than expected gas transmission and lower LNG volumes. It cut 2013-14 & 2014-15 earnings estimate by 16 per cent and 18 per cent, respectively.
Leave a Reply
You must be logged in to post a comment.