Wall Street's Most Accurate Analysts Give Their Take On 3 Energy Stocks With Over 7% Dividend Yields
Author: Avi Kapoor | August 23, 2024 08:03am
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.
Jefferies analyst Omar Nokta maintained a Buy rating and cut the price target from $5.5 to $5 on May 29. This analyst has an accuracy rate of 76%.
Evercore ISI Group analyst Jonathan Chappell maintained an In-Line rating and slashed the price target from $5 to $4.5 on Feb. 29. This analyst has an accuracy rate of 74%.
Recent News: On May 29, Nordic American Tankers reported the first-quarter FY24 net voyage revenue of $60.572 million, missed the consensus of $76.562 million.
Alliance Global Partners analyst Jeff Grampp maintained a Buy rating and cut the price target from $28 to $26 on Aug. 7. This analyst has an accuracy rate of 60%.
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 69%.
Recent News: On Aug. 5, Vitesse Energy posted downbeat quarterly earnings.
Piper Sandler analyst Mark Lear maintained an Overweight rating and cut the price target from $234 to $206 on Aug. 15. This analyst has an accuracy rate of 65%.
Wolfe Research analyst Doug Leggate reinstated a Peer Perform rating on July 18. This analyst has an accuracy rate of 66%.
Recent News: On Aug. 7, Chord Energy posted downbeat quarterly earnings.
