3 Energy Stocks With High Forward Dividend Yields

Kinder Morgan tops the list

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The following energy stocks are outperforming the S&P 500 Index in terms of dividend yield. The dividend yield for the benchmark of the U.S. stock market was 1.89% as of Monday.

Shares of Kinder Morgan Inc. (KMI, Financial) were trading around $20.03 on Monday. For the 52 weeks through April 22, the stock gained 23%, determining a forward dividend yield of 5.16% versus the industry median of 8.78%.

The Houston-based midstream oil and gas company has a market capitalization of $45.34 billion, a price-book ratio of 1.36 versus an industry median of 1.74 and an enterprise value-earnings before interest, taxes, depreciation and amortization ratio of 11.93 versus the industry median of 12.84.

The 14-day relative strength index is 57.17, suggesting the stock is neither oversold nor overbought.

Shares are currently trading above the 200-, 100- and 50-day simple moving average lines. The 52-week range is $14.62 to $20.44.

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GuruFocus rated the company's financial strength 4 out of 10 and its profitability and growth 6 out of 10.

The company has paid dividends for nine years.

Wall Street issued an overweight recommendation rating for shares of Kinder Morgan with an average target price per share of $21.6.

Shares of Occidental Petroleum Corp. (OXY, Financial) were trading around $63.05 on Monday. Following an 18% decline over the 52 weeks through April 22, the forward dividend yield is now 5.05% compared to the industry median of 3.52%.

The the Houston-based oil and gas producer has a market cap of approximately $47.15 billion, a price-book ratio of 2.24 versus the industry median of 1.3 and an EV-Ebitda ratio of 5.66 versus an industry median of 7.99. The 14-day relative strength index is 39.93, suggesting the stock is approaching oversold levels.

The share price is currently below the 200-, 100- and 50-day simple moving average lines. The 52-week range is $56.83 to $87.67.

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GuruFocus assigned a rating of 6 out of 10 for both the company's financial strength and profitability and growth.

The company has distributed dividends since 1982.

Wall Street issued an overweight recommendation rating with an average target price of $76.83 per share.

Helmerich & Payne Inc. (HP, Financial) was trading around $64.51 per share on Monday. For the 52 weeks through April 22, the stock declined 10%, pushing the forward dividend yield up to 4.54% compared to the industry median of 4.19%.

The Tulsa, Oklahoma-based company, which drills oil and gas wells, has a market capitalization of $7.06 billion, a price-book ratio of 1.63 versus an industry median of 0.69 and an EV-Ebitda ratio of 11.54 versus an industry median of 9.39. The 14-day relative strength index is 75.28, indicating the stock is close to overbought levels.

The share price is above the 200-, 100- and 50-day simple moving average lines. The 52-week range is $44.56 to $73.87.

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GuruFocus assigned a financial strength rating of 7 out of 10 and a profitability and growth rating of 5 out of 10.

The company has paid dividends since 1986.

Wall Street issued an overweight recommendation rating for shares of the company. The average target price is $65.61.

Disclosure: I have no positions in any securities mentioned.

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