Wall Street's Most Accurate Analysts Weigh In On 3 Energy Stocks With Over 7% Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts have provided their ratings on three high-yielding energy stocks: Kimbell Royalty Partners (KRP), Kinetik Holdings (KNTK), and Sitio Royalties (STR). These stocks offer dividend yields over 7% and have received various ratings and price target adjustments from top analysts.
June 10, 2024 | 12:12 pm
News sentiment analysis
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POSITIVE IMPACT
Kinetik Holdings (KNTK) has received a Buy rating from Mizuho with a price target raised to $42 and an Equal-Weight rating from Barclays with a price target of $40. The company recently completed the divestiture of its equity interest in the Gulf Coast Express pipeline.
The buy rating and raised price target from Mizuho, along with the recent divestiture, suggest positive momentum for KNTK.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Kimbell Royalty Partners (KRP) has received a Strong Buy rating from Raymond James with a price target cut to $20 and a Buy rating from Stifel with a price target cut to $21. The company is expected to release its Q2 financial results on August 1.
The strong buy and buy ratings, despite the price target cuts, indicate positive sentiment. Upcoming Q2 results could further impact the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Sitio Royalties (STR) has received an Overweight rating from Piper Sandler with a price target raised to $28 and a Buy rating from Stifel with a price target cut to $31. The company posted better-than-expected Q1 sales on May 8.
The positive ratings and strong Q1 sales performance indicate a favorable outlook for STR.
CONFIDENCE 88
IMPORTANCE 75
RELEVANCE 100