Check Out 3 Energy Stocks With Over 6% Dividend Yields From Wall Street's Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Three energy stocks with over 6% dividend yields have been highlighted by Wall Street's most accurate analysts. DHT Holdings has a dividend yield of 11.43%, ONEOK has a yield of 6.53%, and Devon Energy has a yield of 7.24%. Recent news includes DHT Holdings reporting worse-than-expected Q1 results, ONEOK announcing the acquisition of Magellan Midstream Partners, and Devon Energy posting better-than-expected earnings.
May 22, 2023 | 1:09 pm
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POSITIVE IMPACT
Devon Energy has a dividend yield of 7.24% and recently posted better-than-expected quarterly earnings. Analysts from Bernstein and Raymond James have maintained their ratings and adjusted price targets.
Devon Energy's better-than-expected earnings may positively impact the stock price in the short term, as it indicates strong performance. The high dividend yield also makes the stock attractive to investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
ONEOK has a dividend yield of 6.53% and recently announced the acquisition of Magellan Midstream Partners for $18.8 billion. Analysts from Raymond James and UBS have maintained their ratings and adjusted price targets.
ONEOK's acquisition of Magellan Midstream Partners could positively impact the stock price in the short term, as it may lead to increased revenues and growth. The high dividend yield also makes the stock attractive to investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
DHT Holdings has a dividend yield of 11.43% and recently reported worse-than-expected Q1 results. Analysts from Jefferies and Stifel have adjusted their ratings and price targets.
DHT Holdings reported worse-than-expected Q1 results, which may negatively impact the stock price in the short term. The high dividend yield may attract investors, but the recent performance could cause concerns.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100