Home Market News The Best Energy Stocks With Over 3% Dividend Yields According to Wall Street’s Top Analysts

The Best Energy Stocks With Over 3% Dividend Yields According to Wall Street’s Top Analysts

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The Best Energy Stocks With Over 3% Dividend Yields According to Wall Street’s Top Analysts

In times of market upheaval, wise investors seek shelter in dividend-yielding stocks. These stalwart companies issue generous dividends thanks to robust cash flows, spreading warmth and safety to shareholders like a cozy financial fireplace.

For those perusing Benzinga’s Analyst Stock Ratings page, they are in for a treat. The top-notch analysts’ cream-of-the-crop selections boast not only juicy dividends but also impressive accuracy in their predictions.

Today, let’s take a closer look at the recommendations from these financial soothsayers for three energy stocks delivering dividend yields over 3%.

Viper Energy, Inc. VNOM

  • Dividend Yield: 5.17%
  • Raymond James analyst John Freeman remains confident with an Outperform rating, adjusting the target price modestly from $38 to $37 on Jan. 24, 2024. Freeman, showcasing an admirable 78% accuracy rate, maintains a keen eye on earnings.
  • Piper Sandler analyst Mark Lear also maintains an Overweight rating and slightly reduces the price target from $37 to $36 on the same day. Lear, with a commendable 71% accuracy, steadies the ship with conservative estimates.
  • Recent News: On March 6, Viper Energy set sails with a secondary common stock offering of 11,500,000 shares, courtesy of Diamondback Energy.

EOG Resources, Inc. EOG

  • Dividend Yield: 3.07%
  • Piper Sandler analyst Mark Lear, once again displaying intuition, maintains an enthusiastic Overweight rating while adjusting the target price from $153 to $141 on March 7, 2024. His 71% accuracy mirrors a seasoned sailor’s ability to navigate stormy seas.
  • Raymond James analyst John Freeman echoes the sentiment with a Strong Buy rating, revising the target price from $148 to $145 on Jan. 24, 2024. Freeman’s 78% precision serves as a lighthouse for weary investors.
  • Recent News: On Feb. 22, EOG Resources reported earnings that fell in line with market expectations, providing a steady course for investors.

APA Corporation APA

  • Dividend Yield: 3.25%
  • Raymond James analyst John Freeman holds a Strong Buy rating while adjusting the target price from $61 to $44 on Jan. 5, 2024. Freeman, boasting a solid 78% accuracy, stands firm in his belief amidst challenging waters.
  • Wells Fargo analyst Roger Read, with a 71% accuracy, stands by an Overweight rating but reduces the price target from $53 to $52 on Nov. 22, 2023. Like a seasoned captain, Read steers investors carefully through turbulent times.
  • Recent News: On Feb. 21, APA Corporation reported weaker-than-expected quarterly results, serving as a reminder of the inherent risks in the energy market.

 

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