Wall Street's Most Accurate Analysts Weigh In On 3 Energy Stocks With Over 7% Dividend Yields
Author: Avi Kapoor | June 10, 2024 08:12am
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the energy sector.
Raymond James analyst John Freeman maintained a Strong Buy rating and cut the price target from $22 to $20 on Jan. 24. This analyst has an accuracy rate of 81%.
Stifel analyst Derrick Whitfield maintained a Buy rating and lowered the price target from $22 to $21 on Nov. 27, 2023. This analyst has an accuracy rate of 60%.
Recent News: Kimbell Royalty Partners is expected to release its second quarter financial results on Thursday, August 1, before the opening bell.
Mizuho analyst Gabriel Moreen maintained a Buy rating and raised the price target from $39 to $42 on April 23. This analyst has an accuracy rate of 72%.
Barclays analyst Theresa Chen initiated coverage on the stock with an Equal-Weight rating and a price target of $40 on April 22. This analyst has an accuracy rate of 81%.
Recent News: Kinetik recently completed divestiture of its equity interest in Gulf Coast Express pipeline.
Piper Sandler analyst Mark Lear maintained an Overweight rating and raised the price target from $27 to $28 on April 19. This analyst has an accuracy rate of 72%.
Stifel analyst Derrick Whitfield maintained a Buy rating and cut the price target from $33 to $31 on Jan. 23. This analyst has an accuracy rate of 60%.
Recent News: On May 8, Sitio Royalties posted better-than-expected first-quarter sales.
