Wall Street's Most Accurate Analysts' Views On 3 Energy Stocks Delivering High-Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts have provided updates on three high-dividend yielding energy stocks: APA Corporation, HF Sinclair Corporation, and Delek US Holdings. APA Corporation received mixed reviews with a downgrade in earnings, while HF Sinclair and Delek US Holdings reported better-than-expected quarterly earnings. Analysts have adjusted their ratings and price targets accordingly, reflecting their outlook on these stocks amidst market uncertainties.
May 08, 2024 | 12:24 pm
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NEGATIVE IMPACT
APA Corporation received an Overweight rating from Wells Fargo and a Neutral from Piper Sandler, with mixed price targets. However, recent earnings missed expectations.
The missed earnings report is likely to negatively impact investor sentiment in the short term, despite the analyst ratings, leading to a potential decrease in stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
HF Sinclair Corporation was upgraded by B of A Securities and maintained an Overweight rating by Piper Sandler, with raised price targets after reporting better-than-expected earnings.
The positive earnings report and subsequent analyst upgrades indicate a strong performance and outlook for HF Sinclair, likely leading to an increase in stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Delek US Holdings reported better-than-expected EPS results, leading to an Underweight rating from Wells Fargo with a raised target and a Neutral rating from B of A Securities with a raised target.
The better-than-expected EPS results for Delek US Holdings have led to positive adjustments in analyst ratings and price targets, suggesting a potential short-term increase in stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90