These 3 Energy Stocks With Over 5% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts recommend three energy stocks with over 5% dividend yields: Vitesse Energy, Inc. (VTS), Kinetik Holdings Inc. (KNTK), and Nordic American Tankers Limited (NAT). These stocks are highlighted for their high dividend yields and recent analyst ratings, with VTS and KNTK receiving Buy ratings and positive price targets, while NAT also received Buy ratings despite posting downbeat quarterly results.
February 28, 2024 | 12:21 pm
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POSITIVE IMPACT
Kinetik Holdings Inc. boasts a 9.05% dividend yield, with analysts reinstating Buy ratings and price targets of $39. The company will host its Q4 2023 results call on Feb. 29, 2024.
The high dividend yield and positive analyst outlook, combined with anticipation for the Q4 results call, could drive KNTK's stock price up in the short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Vitesse Energy, Inc. has a high dividend yield of 8.96% and received Buy ratings from analysts with price targets of $27 and $30.5. Recent earnings exceeded expectations.
Positive analyst ratings and better-than-expected earnings suggest a strong outlook for VTS, likely leading to a short-term price increase.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
NEUTRAL IMPACT
Nordic American Tankers Limited, with a 5.88% dividend yield, received Buy ratings and increased price targets despite recent downbeat quarterly results.
While NAT received positive analyst ratings and increased price targets, the recent downbeat quarterly results may temper short-term stock price growth.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 85