5 Most Promising Energy Stocks According to Analysts

In this article, we discuss the 5 most promising energy stocks according to analysts. To read the overview of the energy sector, go directly to the 13 Most Promising Energy Stocks According to Analysts.

5. Energy Transfer LP (NYSE:ET)

Average Analyst Price Target Upside: 33.70%

Average Analyst Price Target: $18.33

Energy Transfer LP (NYSE:ET) is one of the biggest midstream energy companies with a diversified portfolio of assets in 44 states.

On November 16, Energy Transfer LP (NYSE:ET) announced a non-binding agreement to provide crude oil from its proposed Blue Marlin offshore port to TotalEnergies SE (NYSE:TTE). Under the agreement, the Texas-based port will supply 4 million barrels per month.

According to Insider Monkey’s database, the number of hedge funds with a stake in Energy Transfer LP (NYSE:ET)’s stock remained the same, 34, in both the second and third quarters, but the total stake value increased to $803.248 million in Q3 from Q2’s $606.342 million. The most prominent investor in the company was David Abrams’ Abrams Capital Management with 17.834 million shares worth $250,215 million.