Analysts update ratings on three energy stocks with high dividend yields
Investors are focusing on dividend-yielding energy stocks amid market uncertainty. Analysts have provided updated ratings for three companies with yields over 8%.
Ardmore Shipping's dividend yield is 10.76%. Stifel downgraded it from Buy to Hold, lowering the price target from $24 to $17. DHT Holdings has a 10.50% yield. Stifel maintained a Hold rating and cut the price target from $13 to $11, while BTIG initiated coverage with a Buy rating at $16.
Chord Energy offers an 8.87% yield. Piper Sandler raised its price target from $206 to $211, while Truist cut it from $223 to $185. Earnings reports for Ardmore and Chord are due on November 6. DHT's report is expected on November 12.