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Analysts Expect Four Midstream Stocks to Rise More than 30%

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Jun. 5 2019, Published 7:33 a.m. ET

Energy Transfer’s upside potential

Analysts have given Energy Transfer (ET) stock a mean target price of $21.2. Energy Transfer has fallen ~20% in the last 12 months. Based on the price, Energy Transfer will have to rise ~46% from the current levels to meet its mean target price. Among the 19 Reuters-surveyed analysts covering Energy Transfer, 17 or 89% of the analysts rated it as a “buy.”

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Antero Midstream

Based on analysts’ mean target price of $18.2, Antero Midstream (AM) stock offers a massive upside of ~43% from its current levels. Among the 12 analysts covering Antero Midstream, eight or ~67% rated it as a “buy.” The remaining four analysts rated Antero Midstream as a “hold.”

Noble Midstream Partners

Noble Midstream Partners (NBLX) is another midstream stock that’s trading at a price much lower than its mean target price. Analysts’ mean target price for Noble Midstream Partners is $44. The target price implies an upside potential of 37% from its current price. Around 78% of the surveyed analysts rated Noble Midstream Partners as a “buy,” while 22% rated it as a “hold.”

Enable Midstream Partners

Analysts’ mean target price of $17.0 implies an upside potential of 32% from Enable Midstream Partners’ (ENBL) current price. Five of the 12 analysts covering Enable Midstream Partners rated it as a “buy,” while seven rated it as a “hold.”

All of the four selected stocks have a market capitalization of more than $1 billion. The companies have midstream operations in the oil and gas segment.

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