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 Analyst Stock Ratings page. Traders can sort through Benzinga’s extensive database of analyst ratings, including by analyst accuracy.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the energy sector.
JP Morgan analyst Phil Gresh maintained an Underweight rating and slashed the price target from $30 to $26 on July 2. This analyst has an accuracy rate of 60%.
Goldman Sachs analyst Neil Mehta maintained a Sell rating and increased the price target from $28 to $31 on Sept. 1, 2023. This analyst has an accuracy rate of 68%.
Recent News: On July 29, CVR Energy posted a profit for the second quarter.
RBC Capital analyst Scott Hanold reiterated an Outperform rating with a price target of $200 on Sept. 5. This analyst has an accuracy rate of 67%
Piper Sandler analyst Mark Lear maintained an Overweight rating and cut the price target from $234 to $206 on Aug. 15. This analyst has an accuracy rate of 62%.
Recent News: On Aug. 7, Chord Energy posted downbeat quarterly earnings.
