10 Cheap Jim Cramer Stocks to Invest In Right Now

9. Energy Transfer LP (NYSE:ET)

Forward P/E: 11.35

Number of Hedge Fund Holders: 34

Energy Transfer LP (NYSE:ET) is one of the 10 cheap Jim Cramer stocks to invest in right now.

On June 4, 2026, Energy Transfer LP (NYSE:ET) entered into multiple gas supply and natural gas liquid (NGL) agreements through its affiliates with Matador Resources Company. With this agreement, Matador aims to improve the pricing netbacks as well as reduce the company’s exposure to volatile Waha Hub pricing during the latter half of 2026. The collaboration will lead to a supply of natural gas to Energy Transfer LP (NYSE:ET), supporting the company in meeting its fuel requirements amid the growing demand for power from AI data centers and power generation markets.

In a more recent development, on June 18, 2026, Energy Transfer LP (NYSE:ET) announced a fully subscribed expansion of its Nederland NGL Export Terminal, adding 240,000 bpd of ethane and 55,000 bpd of LPG capacity. The project is backed by long-term commitments into the 2040s and includes two new ship docks and pipeline expansions. Staged completion is expected to begin in 2028.

In his Mad Money Lightning Round, on June 2, 2026, Cramer shared positive views on Energy Transfer LP (NYSE:ET), calling it an “inexpensive” stock.

Energy Transfer is a terrific situation. I like it very much. I think it is inexpensive and it’s got a good dividend.

Founded in 1996, Energy Transfer LP (NYSE:ET) is one of North America’s largest and most diversified midstream energy companies. Based in Texas, the company owns and operates a massive network of pipelines, spanning 44 states and all major U.S. production basins.