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

Published 11/03/2024, 12:44
Updated 11/03/2024, 14:10
© Reuters.  Wall Street's Most Accurate Analysts Say Buy These 3 Energy Stocks With Over 3% Dividend Yields

Benzinga - by Avi Kapoor, Benzinga Staff Writer.

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.

Viper Energy, Inc. (NASDAQ: VNOM)

  • Dividend Yield: 5.17%
  • Raymond James analyst John Freeman maintained an Outperform rating and cut the price target from $38 to $37 on Jan. 24, 2024. This analyst has an accuracy rate of 78%.
  • Piper Sandler analyst Mark Lear maintained an Overweight rating and lowered the price target from $37 to $36 on Jan. 24, 2024. This analyst has an accuracy rate of 71%.
  • Recent News: On March 6, Viper Energy announced the launch of a secondary common stock offering of 11,500,000 shares by Diamondback Energy.
EOG Resources, Inc.
  • Dividend Yield: 3.07%
  • Piper Sandler analyst Mark Lear maintained an Overweight rating and cut the price target from $153 to $141 on March 7, 2024. This analyst has an accuracy rate of 71%.
  • Raymond James analyst John Freeman maintained a Strong Buy rating and cut the price target from $148 to $145 on Jan. 24, 2024. This analyst has an accuracy rate of 78%.
  • Recent News: On Feb. 22, EOG Resources posted in-line quarterly earnings.
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APA Corporation
  • Dividend Yield: 3.25%
  • Raymond James analyst John Freeman maintained a Strong Buy rating and cut the price target from $61 to $44 on Jan. 5, 2024. This analyst has an accuracy rate of 78%.
  • Wells Fargo analyst Roger Read maintained an Overweight rating and lowered the price target from $53 to $52 on Nov. 22, 2023. This analyst has an accuracy rate of 71%.
  • Recent News: On Feb. 21, APA posted downbeat quarterly results.

Read More: Insiders Buying Snowflake And 2 Other Stocks

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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