Wall Street's Most Accurate Analysts Weigh In On 3 Energy Stocks With Over 6% Dividend Yields
Analyst ratings cover three high-yield energy stocks: NAT (12.9%), NOG (7.49%) and ENB (6.08%), with mixed outlooks.
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Enbridge Inc. (TSX:ENB) (NYSE:ENB) ("Enbridge" or the "Company") announced today that, through a wholly-owned subsidiary, it has entered into a definitive agreement with wholly-owned subsidiaries of
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Analyst ratings cover three high-yield energy stocks: NAT (12.9%), NOG (7.49%) and ENB (6.08%), with mixed outlooks.
Energy stocks Enbridge, NESR and WaterBridge are oversold, with RSI near or below 30, potentially offering undervalued buying opportunities.
Goldman Sachs analyst John Mackay reinstates Enbridge (NYSE:ENB) with a Neutral and announces $50 price target.
Enbridge (ENB) closed down 1.09% while the broader market gained, underperforming the S&P 500. The company is forecasted to report EPS of $0.38 (up 15.15% YoY) but revenue is expected to decline 0.3% QoQ. With a Zacks Rank of #3 (Hold) and trading at a premium valuation (Forward P/E of 23.02 vs. industry average of 19.24), the stock presents a mixed outlook.
Barclays analyst Theresa Chen maintains Enbridge (TSX:ENB) with a Equal-Weight and lowers the price target from C$75 to C$73.
JP Morgan analyst Jeremy Tonet maintains Enbridge (TSX:ENB) with a Neutral and lowers the price target from C$81 to C$76.