Wall Street Has a Positive Outlook on Energy Transfer LP (ET), Here's Why

​Energy Transfer LP (NYSE:ET) is one of the Best Very Cheap Stocks to Invest In. Wall Street maintains a positive outlook on Energy Transfer LP (NYSE:ET) despite the company missing estimates during its fiscal Q3 2025. On November 23, Jeremy Tonet from J.P. Morgan reiterated a Buy rating on the stock, but lowered the price target from $22 to $21. Earlier on November 6, Brandon Bingham from Scotiabank had also reiterated a Buy rating with a $23 price target.

​Energy Transfer LP (NYSE:ET) released its fiscal Q3 2025 results on November 5. The revenue fell 3.94% year-over-year to $19.95 billion, missing estimates by $1.85 billion. The EPS of $0.28 also fell short of the expectations by $0.05. The earnings miss was mainly due to lower midstream revenue of $2.992 billion, reflecting a 1.5% decline quarter-over-quarter and remaining unchanged in year-over-year comparison.

​Scotiabank noted that it updated price targets for US Midstream energy companies, reflecting the effectiveness of these companies against the fluctuating commodity prices and uncertain economic conditions. The firm noted that companies in the sector with multiple lines of business are better equipped to handle these challenges due to their risk spread.

​Energy Transfer LP (NYSE:ET) is a leading energy infrastructure company in the US. The company owns and operates an extensive network of pipelines, spanning over 130,000 miles, for transporting natural gas, crude oil, natural gas liquids, and refined products.

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Disclosure: None. This article is originally published at Insider Monkey.