What Makes Energy Transfer LP (ET) Appear so Attractive

Energy Transfer LP (NYSE:ET) is one of the 13 best oil and gas storage stocks to buy according to hedge funds.

As of February 26 closing, Energy Transfer LP (NYSE:ET) carried a moderately bullish consensus sentiment. Amongst the 11 analysts who covered the stock, 7 assigned Buy ratings and 4 gave Hold calls. With no Sell rating, it has a projected median 1-year price target of $21.15, leading to an upside potential of more than 13% at the prevailing level.

On February 17, Energy Transfer LP (NYSE:ET) updated its 2026 outlook, raising its adjusted EBITDA guidance to a range of $17.5 billion to $17.9 billion. This is a revision from previous estimates between $17.3 billion and $17.7 billion.

The company stated that the revision reflects the impact of USA Compression’s completed purchase of J-W Power Company. Energy Transfer also reaffirmed its 2026 growth capital plan of $5 billion to $5.5 billion, with spending primarily directed towards expanding and strengthening its natural gas infrastructure.

A day later, Jefferies analyst Julien Dumoulin-Smith reiterated his Hold rating on the stock but raised the price target to $20 from $17. The analyst maintains a cautious view, as he believes the company’s scale in the gas business is insufficient to support a higher valuation.

Energy Transfer LP (NYSE:ET) is a midstream energy company that delivers energy services across 44 states. It specializes in transportation and storage of natural gas, crude oil, natural gas liquids (NGLs), and refined products. The company operates storage facilities and an extensive network of intrastate natural gas transportation pipelines.

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