Wall Street's Most Accurate Analysts Give Their Take On 3 Energy Stocks With Over 7% Dividend Yields

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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.

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

Nordic American Tankers Limited (NYSE:NAT)

Dividend Yield: 13.48%

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

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

Recent News: On May 29, Nordic American Tankers reported the first-quarter FY24 net voyage revenue of $60.572 million, missed the consensus of $76.562 million.

Benzinga Pro's real-time newsfeed alerted to latest NAT news.

Vitesse Energy, Inc.  (NYSE:VTS)

Dividend Yield: 8.58%

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

Roth MKM analyst John White initiated coverage on the stock with a Buy rating and a price target of $30.5 on Oct. 16, 2023. This analyst has an accuracy rate of 69%.

Recent News: On Aug. 5, Vitesse Energy posted downbeat quarterly earnings.

Benzinga Pro's charting tool helped identify the trend in VTS stock.



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Chord Energy Corporation (NASDAQ:CHRD)

Dividend Yield: 7.58%

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 65%.

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

Recent News: On Aug. 7, Chord Energy posted downbeat quarterly earnings.

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This article Wall Street's Most Accurate Analysts Give Their Take On 3 Energy Stocks With Over 7% Dividend Yields originally appeared on Benzinga.com