Wall Street's Most Accurate Analysts Say Buy These 3 Energy Stocks With Over 5% Dividend Yields
$ASC
$KRP
$NAT
Marine Transportation
Consumer Discretionary
Oil & Gas Production
Energy
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 .
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: 12.21%
- Jefferies analyst Omar Nokta reiterated a Buy rating with a price target of $5.5 on Feb. 29, 2024. This analyst has an accuracy rate of 73%.
- B. Riley Securities analyst Liam Burke maintained a Buy rating and boosted the price target from $5.5 to $6 on Aug. 29, 2023. This analyst has an accuracy rate of 65%.
- Recent News: On Feb. 29, Nordic American Tankers posted weaker-than-expected quarterly results.
Kimbell Royalty Partners, LP (NYSE:KRP)
- Dividend Yield: 10.80%
- Raymond James analyst John Freeman maintained a Strong Buy rating and cut the price target from $22 to $20 on Jan. 24, 2024. This analyst has an accuracy rate of 80%.
- Keybanc analyst Tim Rezvan maintained an Overweight rating and lowered the price target from $21 to $20 on Jan. 11, 2024. This analyst has an accuracy rate of 62%.
- Recent News: Kimbell Royalty Partners said it will release its first quarter 2024 financial results on May 2, 2024, before the opening bell.
Ardmore Shipping Corporation (NYSE:ASC)
- Dividend Yield: 5.14%
- Stifel analyst Benjamin Nolan maintained a Buy rating and boosted the price target from $20 to $21 on Feb. 16, 2024. This analyst has an accuracy rate of 73%.
- Jefferies analyst Omar Nokta reiterated a Buy rating with a price target of $20 on Feb. 15, 2024. This analyst has an accuracy rate of 73%.
- Recent News: On March 15, Ardmore Shipping said it has filed 2023 annual report on Form 20-F.