Analysts’ target price
According to analysts’ consensus estimates, Energy Transfer (ET) stock has a mean target price of $21.1 compared to its current market price of $14.2, which implies an upside potential of 49% over the next 12 months.
Among the 19 analysts covering Energy Transfer stock, ten recommended a “strong buy,” seven recommended a “buy,” and two recommended a “hold.” None of the analysts recommended a “sell.”
Given the solid estimated upside and superior distribution yield, Energy Transfer stock offers a handsome total return potential for the next 12 months.
Peers’ target prices
Kinder Morgan (KMI) has a mean target price of $21.7, which indicates an estimated gain of 2.3% for the next 12 months. Kinder Morgan closed at $21.2 on June 24. J.P. Morgan raised Kinder Morgan’s target price from $22.0 to $23.0 on June 17.
MPLX (MPLX) has a mean target price of $38.8, which implies an upside potential of more than 20.2% compared to its current market price of $32.2.
Among the 13 analysts covering MPLX, one analyst recommended a “hold,” four recommend a “strong buy,” and eight recommend a “buy.” None of the analysts recommended a “sell” as of June 25.