Energy Transfer is a bargain stock under $20, with strong presence in Permian Basin.

From Yahoo Finance: 2025-03-22 04:56:00

Energy Transfer (NYSE: ET) is a bargain stock trading under $20, about 10% off its 2025 highs. The midstream sector is thriving due to increased energy demand, especially for AI workloads. Energy Transfer has a strong presence in the Permian Basin, benefiting from cheap natural gas prices. The company has increased its capex budget to $5 billion this year for growth projects, including the Hugh Brinson Pipeline and the Lake Charles LNG project. With an EV/EBITDA multiple of under 8.3, Energy Transfer is undervalued compared to its peers. Consider buying before the price goes up.



Read more at Yahoo Finance: Should You Buy Energy Transfer While It Trades Below $20?