Wall Street's Most Accurate Analysts Spotlight On 3 Energy Stocks With Over 5% Dividend Yields
Portfolio Pulse from Avi Kapoor
Analysts have spotlighted three energy stocks with high dividend yields: CVR Energy, Chord Energy, and Antero Midstream. These stocks have been rated by top analysts, with varying price targets and ratings, reflecting their potential in the current market.
September 18, 2024 | 12:11 pm
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POSITIVE IMPACT
Chord Energy offers an 8.19% dividend yield. RBC Capital's Scott Hanold and Piper Sandler's Mark Lear both have positive ratings, but Piper Sandler reduced the price target, reflecting cautious optimism.
Despite downbeat earnings, the positive ratings from analysts suggest potential for growth. The high dividend yield and maintained Outperform/Overweight ratings indicate a likely positive short-term impact.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
Antero Midstream has a 5.98% dividend yield. Analysts have a Neutral to Buy stance, with Goldman Sachs reinstating a Neutral rating and UBS maintaining a Buy rating but lowering the price target.
The mixed ratings and lowered price target suggest a neutral short-term outlook. The dividend yield remains attractive, but the recent loss and analyst caution may limit immediate upside.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 80
NEUTRAL IMPACT
CVR Energy has an 8.41% dividend yield. Analysts have mixed ratings: JP Morgan's Phil Gresh has an Underweight rating with a reduced price target, while Goldman Sachs' Neil Mehta has a Sell rating but increased the price target.
The mixed analyst ratings suggest uncertainty in CVR Energy's short-term performance. The high dividend yield is attractive, but the reduced price target by JP Morgan and the Sell rating by Goldman Sachs indicate potential downside risks.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80