Wall Street's Most Accurate Analysts Weigh In On 3 Energy Stocks With Over 6% Dividend Yields
Author: Avi Kapoor | July 25, 2024 09:28am
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.
Scotiabank analyst Paul Cheng maintained a Sector Underperform rating and cut the price target from $29 to $24 on July 12. This analyst has an accuracy rate of 61%.
JP Morgan analyst Phil Gresh maintained an Underweight rating and slashed the price target from $30 to $26 on July 2. This analyst has an accuracy rate of 60%.
Recent News: CVR Energy will release its second quarter earnings results on Monday, July 29, after the closing bell.
Stifel analyst Benjamin Nolan maintained a Hold rating and raised the price target from $12 to $13 on July 24. This analyst has an accuracy rate of 77%.
Jefferies analyst Omar Nokta upgraded the stock from Hold to Buy and increased the price target from $11 to $14 on March 21. This analyst has an accuracy rate of 79%.
Recent News: On July 24, DHT Holdings issued a business update.
