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Wall Street’s most accurate analysts weigh in on 3 energy stocks with dividend yields above 7%

Wall Street’s most accurate analysts weigh in on 3 energy stocks with dividend yields above 7%

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In times of market turbulence and uncertainty, many investors turn to dividend-yielding stocks. These are often companies with high free cash flows and reward shareholders with a high dividend payout.

Benzinga readers can view the latest analyst ratings on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can search Benzinga’s extensive database of analyst ratings, including analyst accuracy.

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Below you will find the most accurate analyst ratings for three high-yield stocks in the energy sector.

Nordic American Tankers Limited (NYSE:NAT)

Dividend yield: 13.48%

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Jefferies analyst Omar Nokta maintained a Buy rating and lowered the price target from $5.5 to $5 on May 29. This analyst has a 76% accuracy rating.

Evercore ISI Group analyst Jonathan Chappell maintained an In-Line rating and lowered the price target from $5 to $4.5 on Feb. 29. The analyst has a 74% accuracy rating.

Recent News: On May 29, Nordic American Tankers reported net voyage revenue of $60.572 million for the first quarter of fiscal 2024, below consensus of $76.562 million.

Benzinga Pro’s real-time news feed keeps you up to date with the latest NAT news.

Vitesse Energy, Inc. (NYSE:VTS)

Dividend yield: 8.58%

Analyst Jeff Grampp of Alliance Global Partners maintained a Buy rating and lowered the price target from $28 to $26 on August 7. This analyst has a 60% accuracy rating.

Analyst John White of Roth MKM initiated coverage on the stock on October 16, 2023 with a Buy rating and a $30.50 price target. This analyst has a 69% accuracy rating.

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Recent news: On August 5, Vitesse Energy reported disappointing quarterly results.

Using Benzinga Pro’s charting tool, I was able to identify the trend in VTS stock.

Read more:

Chord Energy Corporation (NASDAQ:CHRD)

Dividend yield: 7.58%

Piper Sandler analyst Mark Lear maintained his Overweight rating and lowered the price target from $234 to $206 on August 15. This analyst has a 65% accuracy rating.

Wolfe Research analyst Doug Leggate reset the Peer Perform rating on July 18. This analyst has an accuracy rate of 66%.

Recent news: On August 7, Chord Energy reported disappointing quarterly results.

Benzinga Pro’s signals feature alerts you to a potential breakout in CHRD stock.

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This article Wall Street’s Most Accurate Analysts Share Their Opinions on 3 Energy Stocks With Dividend Yields Above 7% originally appeared on Benzinga.com

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