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Which Top Midstream Companies Have an Attractive Upside

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Jul. 19 2019, Updated 12:42 p.m. ET

Which companies met analysts’ price targets?

Of the top midstream companies we’ve discussed in this series, only ONEOK (OKE) and Cheniere Energy (LNG) have met analysts’ mean price targets from a year ago. ONEOK’s target was $55.20, and it’s currently trading significantly higher at $70. Similarly, Cheniere Energy is trading at $61.10, well above analysts’ $56.20 target a year ago.

Seven of the top ten midstream companies’ mean price targets are lower than a year ago. Only ONEOK, Williams Companies (WMB), and Cheniere Energy have higher mean price targets. The above table summarizes the companies’ mean price targets and upside. Only ONEOK, Cheniere Energy, and Enterprise Products Partners (EPD) have risen over the last year.

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Upside potential

Based on analysts’ mean price targets, Williams Companies, Energy Transfer Partners (ETP), and MPLX (MPLX) have the largest upside potential among the selected midstream companies, of 26%, 24%, and 23%, respectively. They are followed by Cheniere Energy, Energy Transfer Equity (ETE), and Kinder Morgan (KMI).

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