Wall Street's Most Accurate Analysts Weigh In On 3 Energy Stocks With Over 7% Dividend Yields
Author: Avi Kapoor | September 04, 2024 09:20am
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 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 and raised the price target from $12 to $13 on July 24. This analyst has an accuracy rate of 67%.
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 73%.
Recent News: On Aug. 12, DHT Holdings posted better-than-expected quarterly sales.
Alliance Global Partners analyst Jeff Grampp maintained a Buy rating and slashed 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 66%.
Recent News: On Aug. 5, Vitesse Energy posted downbeat quarterly earnings.
JP Morgan analyst Phil Gresh maintained an Underweight rating and cut the price target from $30 to $26 on July 2. This analyst has an accuracy rate of 60%.
Goldman Sachs analyst Neil Mehta maintained a Sell rating and raised the price target from $28 to $31 on Sept. 1, 2023. This analyst has an accuracy rate of 68%.
Recent News: On July 29, CVR Energy posted upbeat quarterly earnings.
