Wall Street's Most Accurate Analysts Give Their Take On 3 Energy Stocks With Over 7% Dividend Yields
Portfolio Pulse from Avi Kapoor
Analysts have provided their ratings on three high-yield energy stocks: Nordic American Tankers, Vitesse Energy, and Chord Energy. Despite high dividend yields, these companies have faced recent challenges, including missed earnings and reduced price targets.
August 23, 2024 | 12:03 pm
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NEGATIVE IMPACT
Chord Energy offers a 7.58% dividend yield, but recent earnings were disappointing, resulting in reduced price targets from analysts.
CHRD's recent earnings were below expectations, leading to reduced price targets from analysts. This is likely to negatively affect the stock price in the short term.
CONFIDENCE 88
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Nordic American Tankers has a high dividend yield of 13.48%, but recent earnings missed expectations, leading analysts to lower price targets.
NAT's recent earnings report missed expectations, prompting analysts to lower price targets. This negative news is likely to impact the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Vitesse Energy has an 8.58% dividend yield, but recent quarterly earnings were downbeat, leading to a mixed analyst outlook.
VTS's recent downbeat earnings report has led to a reduction in price targets by some analysts, indicating potential short-term negative impact on the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100