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Wall Street's Most Accurate Analysts Say Buy These 3 Energy Stocks With Over 3% Dividend Yields

Published 07/11/2023, 13:21
Updated 07/11/2023, 14:40
© Reuters.  Wall Street's Most Accurate Analysts Say Buy These 3 Energy Stocks With Over 3% Dividend Yields
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Benzinga - by Lisa Levin, Benzinga Editor.

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Here's a look at the most recent high-yield dividend stock ratings from the most accurate Wall Street analysts, according to Benzinga's Analyst Stock Ratings.

Below are the ratings of the most accurate analysts for three high-yielding stocks in the energy sector.

Atlas Energy Solutions Inc. (NYSE: AESI)

  • Dividend Yield: 4.22%
  • Goldman Sachs analyst Neil Mehta maintained a Buy rating and raised the price target from $22 to $24 on Aug. 4, 2023. This analyst has an accuracy rate of 73%.
  • Stephens & Co. analyst Mike Scialla reiterated an Overweight rating with a price target of $23 on Aug. 1, 2023. This analyst has an accuracy rate of 74%.
  • Recent News: Atlas Energy Solutions posted downbeat earnings for the third quarter.
Valero Energy Corporation (NYSE: VLO)
  • Dividend Yield: 3.21%
  • Raymond James analyst Justin Jenkins maintained a Strong Buy and cut the price target from $156 to $154 on Oct. 27, 2023. This analyst has an accuracy rate of 79%.
  • Piper Sandler analyst Ryan Todd maintained an Overweight rating and increased the price target from $168 to $171 on Oct. 3, 2023. This analyst has an accuracy rate of 79%.
  • Recent News: Valero Energy reported a third-quarter FY23 revenue decline of 13.6% year-over-year to $38.404 billion, missing the consensus of $38.495 billion.
Northern Oil and Gas, Inc. (NYSE: NOG)
  • Dividend Yield: 4.25%
  • Raymond James analyst John Freeman maintained a Strong Buy rating and increased the price target from $44 to $54 on Sept. 8, 2023. This analyst has an accuracy rate of 82%.
  • RBC Capital analyst Scott Hanold maintained an Outperform rating and raised the price target from $42 to $46 on Aug. 24, 2023. This analyst has an accuracy rate of 80%.
  • Recent News: Northern Oil and Gas posted weaker-than-expected earnings for the third quarter.
Read More: Amazon, Walmart And 2 Other Stocks Insiders Are Selling

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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