Is Energy Transfer LP (ET) the Best 52-Week High Stock to Buy on Solid Earnings Growth Prospects?

Energy Transfer LP (NYSE:ET) is one of the best 52-week high stocks to invest in, according to short sellers. On May 13, analysts at Goldman Sachs reiterated a Neutral rating on Energy Transfer LP (NYSE:ET) but raised the price target to $21 from $19.50.

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The price target hike comes on the heels of the company delivering first-quarter earnings that exceeded expectations across most segments, driven by marketing, optimization, and commodity performance. Adjusted EBITDA totaled $4.94 billion, an improvement from $4.10 billion delivered last year in the same quarter. Distributable cash flow attributable to partners also improved to $2.70 billion, up from $2.31 billion in the same quarter last year.

Following the impressive first quarter, Energy Transfer increased its 2026 EBITDA guidance by $750 million to between $18.2 billion and $18.6 billion, a significant increase from $15.7 billion for the last 12 months. Management expects $250 million in earnings upside over the remainder of the year. Goldman Sachs has touted the company’s edge in capturing gas demand for power generation.

Energy Transfer LP (NYSE:ET) is a midstream energy company that transports, stores, and processes crude oil, natural gas, and natural gas liquids (NGLs). Operating roughly 140,000 miles of pipelines, the company connects major production basins to refineries, domestic markets, and coastal export facilities.

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