Wall Street's Most Accurate Analysts Spotlight On 3 Energy Stocks Delivering High-Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts have spotlighted three high-dividend-yielding energy stocks: Chesapeake Energy Corporation (CHK), Murphy Oil Corporation (MUR), and Phillips 66 (PSX). These stocks are favored for their high free cash flows and substantial dividend payouts. Analysts have provided various ratings and price targets for these stocks, with recent earnings reports and strategic moves also highlighted.
August 09, 2024 | 10:29 am
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NEGATIVE IMPACT
Chesapeake Energy Corporation (CHK) has a dividend yield of 3.18%. Wolfe Research reinstated an Outperform rating, and Benchmark maintained a Buy rating but cut the price target. Recent earnings showed a significant decrease.
The significant decrease in earnings (98.44%) is likely to negatively impact the stock price in the short term, despite the high dividend yield and mixed analyst ratings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Murphy Oil Corporation (MUR) has a dividend yield of 3.24%. Wolfe Research reinstated a Peer Perform rating, and Piper Sandler maintained an Overweight rating but cut the price target. Recent earnings beat expectations.
The recent earnings beat and high dividend yield are likely to positively impact the stock price in the short term, despite mixed analyst ratings.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Phillips 66 (PSX) has a dividend yield of 3.40%. Barclays and Raymond James analysts have provided positive ratings and increased price targets. The company is planning job cuts to advance strategic priorities.
Positive analyst ratings and strategic job cuts are likely to positively impact the stock price in the short term, along with the high dividend yield.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100