Analysts’ views and target price
According to Wall Street analysts, Energy Transfer Equity (ETE) stock has a median target price of $21.53—compared to its current market price of $17.40, which implies an estimated upside of ~24% over the next 12 months.
Among the 16 analysts surveyed by Reuters that track Energy Transfer Equity, eight recommended a “strong buy,” six recommended a “buy,” and two recommended a “hold.” None of the analysts recommended a “sell” as of September 19.
Williams Companies (WMB) stock has a median target price of $34.11—compared to its current market price of $28.09. The target price indicates a potential upside of more than 21% for the next 12 months.
Among the 19 analysts survey by Reuters that track Williams Companies, seven recommended a “strong buy,” seven recommended a “buy,” and five recommended a “hold.” None of the analysts recommended a “sell” as of September 19.
Energy Transfer Equity and Williams Companies offer a handsome total return potential considering analysts’ target price and respective dividends. Williams Companies’ relatively lower volatility to oil and gas prices might bode well for its market performance going forward. Despite higher exposure to crude oil prices, Energy Transfer Equity seems to have an edge over Williams Companies considering its strong presence in the Permian Basin and higher yield. Energy Transfer Equity’s imminent consolidation with Energy Transfer Partners (ETP) should be positive for the stock.
To learn about MLPs that offer attractive upside potential, read These Five MLPs Offer up to 25% Upside Potential.
For the latest coverage on midstream companies’ earnings, visit Market Realist’s Energy MLPs page.