Wall Street's Most Accurate Analysts Say Buy These 3 Energy Stocks With Over 5% Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts recommend buying three energy stocks with high dividend yields: Nordic American Tankers Limited (NAT), Kimbell Royalty Partners, LP (KRP), and Ardmore Shipping Corporation (ASC). These stocks offer dividend yields ranging from 5.14% to 12.21%. Analysts from Jefferies, B. Riley Securities, Raymond James, Keybanc, and Stifel have provided ratings and price targets for these stocks, highlighting their potential despite recent market turbulence.
March 25, 2024 | 10:34 am
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POSITIVE IMPACT
Ardmore Shipping Corporation, with a 5.14% dividend yield, receives Buy ratings from Stifel and Jefferies, indicating potential growth.
Positive analyst ratings and an increase in price targets from Stifel and Jefferies suggest confidence in ASC's potential for growth, making it an attractive option for dividend-seeking investors.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Kimbell Royalty Partners offers a 10.80% dividend yield, with analysts from Raymond James and Keybanc adjusting price targets and maintaining positive ratings.
The high dividend yield and the anticipation of the first quarter 2024 financial results release may drive positive sentiment around KRP, supported by strong ratings from analysts.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Nordic American Tankers has a dividend yield of 12.21%, with analysts from Jefferies and B. Riley Securities rating it a Buy and adjusting price targets.
Despite weaker-than-expected quarterly results, the high dividend yield and positive analyst ratings from Jefferies and B. Riley Securities suggest a potential upside for NAT in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90