10 Best Affordable Stocks Under $20 to Buy

6. Energy Transfer LP (NYSE:ET)

Stock Price: $18.00

Forward P/E: 12.86

Number of Hedge Fund Holders: 37

Energy Transfer LP (NYSE:ET) offers natural gas pipeline transmission and transportation services. The company operates through the following segments: Intrastate Transportation and Storage, Interstate Transportation and Storage, Midstream, NGL and Refined Products Transportation and Services, Crude Oil Transportation and Services, Investment in Sunoco LP, Investment in USAC, and All Other. It takes the sixth spot on our list of the top affordable stocks under $20 to buy now.

In a report released on May 7, Michael Blum from Wells Fargo maintained a Buy rating on Energy Transfer LP (NYSE:ET) due to its favorable financial outlook and trends its following fiscal Q1 2025 earnings, and set a price target of $21.00.

On May 6, Energy Transfer LP (NYSE:ET) reported strong financial results for fiscal Q1 2025, with adjusted EBITDA reaching $4.1 billion, an increase from $3.9 billion in fiscal Q1 2024. The company also has a firm financial footing, as the distributable cash flow (DCF) attributable to partners has reached $2.3 billion.