Below are the dividend stocks that were subject to analyst moves before the bell. Analysts weigh in with insight and commentary as to what you can expect going forward.
1. Horizon Bancorp Upgraded by Keefe Bruyette & Woods
Regional bank Horizon Bancorp (HBNC ) saw its stock upgraded to outperform by Keefe Bruyette & Woods on Friday. Target price is $29.00. In July, the company reported net income of $4.7 million with an EPS of 49 cents. This was below analysts’ consensus of 55 cents per share. Finishing Thursday’s session at $25.04 (up 0.5%), Horizon Bancorp’ adjusted dividend yield is 2.24%, with an annual payout of $0.56 (paid quarterly). The stock is 6.39% from its 52 week high.
2. Solar Capital Upgraded by Ladenburg Thalmann
Solar Capital (SLRC ), who is a closed-end investment management company was upgraded by Ladenburg Thalmann on Thursday, with the financial services provider putting the stock on their buy list. No price target was added. Announcing Q3 results on Tuesday, the company highlighted earnings of $17.3 million or 41 cents per share. This took the net asset value to $21.92 per share. Finishing Thursday’s session at $18.25 (up 1.4%), Solar Capital’ adjusted dividend yield is 8.77%, with an annual payout of $1.60 (paid quarterly). The stock is 12.13% from its 52 week high.
3. QEP Resources Downgraded by Imperial Capital
Oil and gas company QEP Resources (QEP ) was downgraded by Imperial Capital on Friday with an outperform rating and a new price target of $27.00 added. Finishing Thursday’s session at $14.48 (up 5.0%), QEP Resources’ adjusted dividend yield is 0.56%, with an annual payout of $0.08 (paid quarterly). The stock is 60.51% from its 52 week high.
4. Hi-Crush Partners Downgraded by Cowen
Industrial metals and minerals company Hi-Crush Partners (HCLP) saw its stock downgraded pre market with Cowen shifting their rating to outperform. Price target has been reduced from $36.00 to $25.00. Finishing Thursday’s session at $17.23 (up 12.5%), Hi-Crush Partners’ adjusted dividend yield is 15.67%, with an annual payout of $2.70 (paid quarterly). The stock is 76.03% from its 52 week high.
5. Emerge Energy Services Downgraded by Cowen
Silica sand producer and distributor Emerge Energy Services (EMES) was downgraded by Cowen on Friday with the broker confirming an outperform rating. The new target price is $32.00. Reporting second quarter earnings of $2.9 million or 12 cents per share, Chairman of the Board Beneski highlighted challenging market conditions. Finishing Thursday’s session at $21.00, Emerge Energy Services’ adjusted dividend yield is 12.76% with an annual payout of $2.68. The stock is 85.59% from its 52 week high.
