Wall Street's Most Accurate Analysts Weigh In On 3 Energy Stocks With Over 6% Dividend Yields
Author: Avi Kapoor | June 26, 2024 07:20am
During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, 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.
Stifel analyst Benjamin Nolan maintained a Hold rating with a price target of $12 on May 15. This analyst has an accuracy rate of 73%.
Jefferies analyst Omar Nokta upgraded the stock from Hold to Buy and raised the price target from $11 to $14 on March 21. This analyst has an accuracy rate of 82%.
Recent News: On May 14, DHT Holdings posted downbeat quarterly sales.
Alliance Global Partners analyst Jeff Grampp initiated coverage on the stock with a Buy rating and a price target of $27 on Nov. 16, 2023. This analyst has an accuracy rate of 64%.
Roth MKM analyst John White initiated coverage on the stock with a Buy rating and a price target of $30.5 on Oct. 16, 2023. This analyst has an accuracy rate of 65%.
Recent News: On May 6, Vitesse Energy posted mixed results for the first quarter.