The market's volatility as of late is making dividend-paying stocks seem all the more appealing to investors in search of some stability.
In line with his optimism on the deal, Byrne raised his price target for CIVI to $102 from $100 and reiterated a buy rating, saying that the stock remains cheap given an estimated free cash flow yield of about 23% in 2024. Following a meeting with Chesapeake's management, Choudhary reaffirmed a buy rating on the stock with a price target of $91. The analyst noted that given the uncertainty in the natural gas price outlook, the company is focused on maintaining operational flexibility to adjust its capital expenditure based on gas prices.
Kumar ranks No.33 among more than 8,500 analysts on TipRanks. His ratings have been profitable 75% of the time, with each delivering an average return of 20.4%. is the final dividend stock in this week's list. The company returned $10.6 billion to shareholders through cash dividends and stock repurchases in fiscal 2023 .
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