5 Best High Yield Energy Stocks to Buy Right Now

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1. Ecopetrol S.A. (NYSE:EC)

Dividend Yield as of March 31: 11.07%

Topping our list of the Best High Yield Energy Stocks is Ecopetrol S.A. (NYSE:EC). With a workforce of over 18,000, Ecopetrol is among the largest companies in Colombia and one of the leading integrated energy groups on the American continent.

On March 23, Goldman Sachs increased its price target on Ecopetrol S.A. (NYSE:EC) from $8.70 to $13, while keeping a ‘Neutral’ rating on the shares. The raised target still indicates a downside of over 13% from the current share price.

Ecopetrol S.A. (NYSE:EC) received another boost earlier on March 18 when the company, along with Petrobras, confirmed a significant natural gas discovery off the Colombian coast. According to the two partners, the find confirms the ‘presence beyond the primary objective, making this an even more significant discovery’. The Sirius area holds estimated reserves of more than 6 Tcf, making it the largest ever gas discovery in Colombia. The area is expected to produce up to 249 mcf/d of gas from 2030.

With a robust annual dividend yield of 11.07%, Ecopetrol S.A. (NYSE:EC) was recently included in our list of the 13 Oil Stocks with Highest Dividends.

While we acknowledge the potential of EC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than EC and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 14 Best Energy Stocks to Buy According to Wall Street Analysts and 8 Best Oil and Gas Penny Stocks to Buy Now.

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