November 28, 2024

Energy Transfer (ET) Gets a Buy from J.P. Morgan

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In a report released on November 26, Jeremy Tonet from J.P. Morgan maintained a Buy rating on Energy Transfer (ET – Research Report), with a price target of $23.00. The company’s shares closed yesterday at $19.42.

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According to TipRanks, Tonet is a 5-star analyst with an average return of 11.1% and a 61.03% success rate. Tonet covers the Energy sector, focusing on stocks such as Oneok, Targa Resources, and TC Energy.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Energy Transfer with a $20.63 average price target, a 6.23% upside from current levels. In a report released on November 15, Citi also maintained a Buy rating on the stock with a $20.00 price target.

The company has a one-year high of $19.71 and a one-year low of $13.12. Currently, Energy Transfer has an average volume of 14.25M.

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Energy Transfer (ET) Company Description:

Energy Transfer LP provides natural gas pipeline transportation and transmission services. Its projects include Marcus Hook Industrial Complex, Mariner east Pipelines, Mont Belvieu facility, Lone Star Express Expansion, Bakken Pipeline and Lake Charles LNG. Energy Transfer was founded in September 2002 and is headquartered in Dallas, TX.

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