During periods of market volatility, many investors turn to dividend-yielding stocks, often companies with strong cash flow that share profits with shareholders through generous dividends. Benzinga provides access to the latest analyst takes on popular stocks, enabling traders to sort through a vast database of analyst ratings based on accuracy. Here’s a look at the ratings from some of the most accurate analysts for three high-yielding stocks in the energy sector:
Nordic American Tankers Limited (NAT) – Dividend Yield: 13.48%
On May 29, Jefferies analyst Omar Nokta maintained a Buy rating for NAT, but lowered the price target from $5.5 to $5. Nokta has an impressive accuracy rate of 76%. Evercore ISI Group analyst Jonathan Chappell took a different stance, maintaining an In-Line rating on February 29 while also reducing the price target from $5 to $4.5. Chappell’s accuracy rate is 74%. Recently, on May 29, Nordic American Tankers reported first-quarter FY24 net voyage revenue of $60.572 million, falling short of the consensus estimate of $76.562 million. Benzinga Pro’s real-time newsfeed alerted users to this latest NAT news.
Vitesse Energy, Inc. (VTS) – Dividend Yield: 8.58%
Alliance Global Partners analyst Jeff Grampp kept a Buy rating for VTS on August 7 but adjusted the price target downward from $28 to $26. Grampp has a 60% accuracy rate. John White of Roth MKM initiated coverage of VTS on October 16, 2023, with a Buy rating and a price target of $30.5. This analyst has a 69% accuracy rate. Vitesse Energy reported disappointing quarterly earnings on August 5. Benzinga Pro’s charting tool helped investors identify trends in VTS stock.
Chord Energy Corporation (CHRD) – Dividend Yield: 7.58%
Piper Sandler analyst Mark Lear maintained an Overweight rating for CHRD on August 15, but reduced the price target from $234 to $206. Lear’s accuracy rate is 65%. Wolfe Research analyst Doug Leggate reinstated a Peer Perform rating on July 18, with a 66% accuracy rate. Chord Energy also posted downbeat quarterly earnings on August 7. Benzinga Pro’s signals feature alerted users to a potential breakout in CHRD shares.
