Wall Street's Most Accurate Analysts Say Buy These 3 Energy Stocks With Over 3% Dividend Yields
Portfolio Pulse from Lisa Levin
Wall Street's most accurate analysts recommend buying shares of Atlas Energy Solutions Inc. (AESI), Valero Energy Corporation (VLO), and Northern Oil and Gas, Inc. (NOG) due to their high dividend yields. However, all three companies recently reported disappointing earnings.
November 07, 2023 | 1:21 pm
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NEUTRAL IMPACT
Atlas Energy Solutions Inc. has a high dividend yield of 4.22% but reported downbeat earnings for Q3. Analysts from Goldman Sachs and Stephens & Co. maintain positive ratings.
The high dividend yield is attractive to investors, but the recent earnings miss may cause some concern. Analysts' positive ratings suggest they believe the company can recover.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Northern Oil and Gas, Inc. has a high dividend yield of 4.25% but reported weaker-than-expected earnings for Q3. Analysts from Raymond James and RBC Capital maintain positive ratings.
The high dividend yield is attractive to investors, but the recent earnings miss may cause some concern. Analysts' positive ratings suggest they believe the company can recover.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Valero Energy Corporation offers a 3.21% dividend yield but reported a 13.6% YoY revenue decline in Q3 FY23. Analysts from Raymond James and Piper Sandler maintain positive ratings.
The high dividend yield is a positive factor for investors, but the significant revenue decline may raise concerns. However, analysts' positive ratings indicate they believe in the company's potential.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100