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.”
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.