Is Energy Transfer (NYSE: ET) Stock a Buy?
Dallas, Texas-based Energy Transfer LP (NYSE: ET) could be an attractive investment option for investors seeking exposure to the U.S. oil gas industry. The midstream company has expertise in providing transportation and storage facilities for natural gas and refined products. It also engages in the transportation of crude oil. Shares of this $34.6-billion energy services company have grown 35.5% since the beginning of 2022. This performance is way higher than the year-to-date decline of 10.2% for the SP 500 and 17.2% for the NASDAQ. It is worth mentioning that Energy Transfer has a Strong Buy consensus rating based on two Buys. ET’s average price forecast of $14.50 suggests 22.
Is Energy Transfer (NYSE: ET) Stock a Buy?
Dallas, Texas-based Energy Transfer LP (NYSE: ET) could be an attractive investment option for investors seeking exposure to the U.S. oil gas industry. The midstream company has expertise in providing transportation and storage facilities for natural gas and refined products. It also engages in the transportation of crude oil. Shares of this $34.6-billion energy services company have grown 35.5% since the beginning of 2022. This performance is way higher than the year-to-date decline of 10.2% for the SP 500 and 17.2% for the NASDAQ. It is worth mentioning that Energy Transfer has a Strong Buy consensus rating based on two Buys. ET’s average price forecast of $14.50 suggests 22.