Wall Street's Most Accurate Analysts Weigh In On 3 Energy Stocks With Over 8% Dividend Yields
Portfolio Pulse from Avi Kapoor
Analysts have provided updated ratings and price targets for three high-yield energy stocks: Ardmore Shipping Corporation, DHT Holdings, and Chord Energy Corporation. These stocks offer dividend yields over 8%, attracting investors during market uncertainty. Ardmore Shipping and DHT Holdings have upcoming earnings announcements, which may impact their stock prices.
October 31, 2024 | 1:42 pm
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NEUTRAL IMPACT
Ardmore Shipping Corporation has a dividend yield of 10.76%. Stifel downgraded it to Hold with a reduced price target, while Jefferies maintained a Buy with an increased target. Upcoming earnings on Nov. 6 could influence stock movement.
The mixed analyst ratings and upcoming earnings announcement create uncertainty around ASC's short-term price movement. The high dividend yield remains attractive, but the downgrade and reduced price target by Stifel may offset positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Chord Energy Corporation has an 8.87% dividend yield. Piper Sandler raised its price target, while Truist Securities cut theirs. Earnings on Nov. 6 may impact the stock.
The mixed analyst ratings and upcoming earnings announcement create a neutral short-term outlook. The dividend yield remains a key attraction, but differing price targets suggest uncertainty.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
DHT Holdings offers a 10.50% dividend yield. Stifel maintained a Hold with a lower price target, while BTIG initiated coverage with a Buy. Earnings on Nov. 12 could affect stock performance.
The Hold rating and reduced price target by Stifel contrast with BTIG's Buy initiation, creating a neutral outlook. The high dividend yield and upcoming earnings release add potential for volatility.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85