Wall Street's Most Accurate Analysts Weigh In On 3 Energy Stocks With Over 6% Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts have provided their latest ratings on three high-yielding energy stocks: CVR Energy, DHT Holdings, and Antero Midstream. These stocks offer dividend yields over 6%, making them attractive during market turbulence. Analysts have mixed ratings and price targets for these stocks, reflecting varying outlooks.
July 25, 2024 | 1:28 pm
News sentiment analysis
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NEGATIVE IMPACT
CVR Energy has received mixed ratings from analysts. Scotiabank's Paul Cheng maintained a Sector Underperform rating and cut the price target to $24, while JP Morgan's Phil Gresh maintained an Underweight rating and reduced the price target to $26. CVR Energy will release its Q2 earnings on July 29.
Both analysts have downgraded their price targets, indicating a bearish outlook. The upcoming earnings release could further impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Antero Midstream has received mixed ratings from analysts. Goldman Sachs reinstated a Neutral rating with a price target of $12.5, while UBS's Brian Reynolds maintained a Buy rating but cut the price target to $14. Antero Resources will release its Q2 earnings on July 31.
The mixed ratings and price targets suggest a neutral outlook. The upcoming earnings release could provide more clarity on the stock's direction.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
DHT Holdings has received positive ratings from analysts. Stifel's Benjamin Nolan maintained a Hold rating but raised the price target to $13, while Jefferies' Omar Nokta upgraded the stock to Buy with a price target of $14. DHT Holdings issued a business update on July 24.
Analysts have raised their price targets and one has upgraded the stock, indicating a bullish outlook. The recent business update could further support positive sentiment.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 100