How Energy Transfer Stacks Up ahead of Its Q1 Results



Analysts’ recommendations

Based on analysts’ consensus estimates, Energy Transfer (ET) stock has a target price of $20.9 compared to its current market price of $15.1, which suggests a potential upside of 38% over the next 12 months.

Analysts seem mostly positive on Energy Transfer stock at the moment. Among the 19 analysts covering the stock, seven have given it “buys,” ten have given it “strong buys,” and two have given it “holds.” No analysts have given it “sells” as of May 7.

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Energy Transfer stock is currently trading at a distribution yield of 8.1%, in line with the Alerian MLP ETF (AMLP). Given the stock’s superior yield and large estimated upside based on analysts’ estimates, it offers a handsome upside potential for the next 12 months.

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Enterprise Products Partners

Midstream company Enterprise Products Partners (EPD) reported its first-quarter earnings results on May 1. Its EBITDA rose 18% YoY in the first quarter of 2019, beating analysts’ consensus estimate. Read more in Enterprise Products’ Q1 Earnings Beat Estimates.

Analysts have given EPD a mean target price of $34.0 compared to its current market price of $28.6, implying a potential upside of 19% for the next 12 months. Of the total 24 analysts tracking EPD, 12 have given it “strong buys,” and another 12 have given it “buys.”


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