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Analysts Expect a 42% Upside in Energy Transfer Stock

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May. 16 2019, Published 10:01 a.m. ET

Energy Transfer in 2019

Energy Transfer (ET) stock has underperformed most of its peers so far in 2019. The stock is up ~12% year-to-date. It has underperformed Kinder Morgan (KMI), Williams Companies (WMB), ONEOK (OKE), and Enterprise Products Partners (EPD) during this timeframe.

In comparison, the Energy Select Sector SPDR ETF (XLE) has risen 10% year-to-date. According to analysts, Energy Transfer stock has a potential upside of roughly 42% in the next year. Let’s take a look at analysts’ recommendations for the stock.

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The graph above shows analysts’ recommendations and average price targets for Energy Transfer over the last year. Of the 19 Reuters-surveyed analysts covering Energy Transfer, ten have rated it as a “strong buy,” seven have rated it as a “buy,” and two have rated it as a “hold.” Energy Transfer’s mean price target is $21.2. As the graph shows, more analysts are bullish on the stock now than were bullish a year ago. On May 10, Stifel raised its price target for Energy Transfer from $20 to $22.

Energy Transfer’s earnings rose 40% year-over-year in the first quarter of 2019. Energy Transfer fell below its 50-day moving average on May 6. If it doesn’t recover soon, the stock may see more bearishness in the short term. Energy Transfer’s 14-day relative strength index is currently close to 47. The stock is currently trading at a high yield of ~8.1%.

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