Oneok, Williams, Enterprise, Energy Transfer, Kinder Morgan: Trending by Analysts

Analysts are intrested in these 5 stocks: ( (OKE) ), ( (WMB) ), ( (EPD) ), ( (ET) ) and ( (KMI) ). Here is a breakdown of their recent ratings and the rationale behind them.

Oneok (OKE) has been given a ‘Hold’ rating by analyst Jason Gabelman, with a price target of $91. The company has spent $40 billion in acquisitions to diversify its business, moving away from its Rockies-levered operations into new regions like the Permian and new business lines such as Refined Products. While these moves have increased stable earnings streams, growth opportunities remain limited compared to peers. The company’s EBITDA is expected to increase due to new projects and acquisition synergies, though growth options are constrained by the current industry infrastructure needs.

Williams Co (WMB) is recommended as a ‘Buy’ with a price target of $67. The company is well-positioned to benefit from the growing US natural gas demand, particularly through its Transco asset, which runs through key regions. WMB is expected to announce new growth opportunities, potentially increasing its valuation. The company’s strong project backlog, including expansions along the Transco pipeline, positions it to capture significant market opportunities, supported by dual demand tailwinds from data centers and LNG facilities.

Enterprise Products Partners (EPD) has been initiated with a ‘Hold’ rating and a $33 price target. The company is heavily invested in the NGL value chain, with a significant portion of its EBITDA tied to this stream. While EPD has a substantial project backlog, there are concerns about potential underutilization of new assets due to sufficient existing infrastructure. The company is nearing the end of a major build-out period, and while new assets are expected to ramp up, there is skepticism about the full realization of earnings potential.

Energy Transfer (ET) is rated as a ‘Buy’ with a $22 price target. Despite the complexity of its operations, ET is well-positioned to benefit from natural gas sector tailwinds, generating a significant portion of its EBITDA from natural gas. The company’s current valuation is seen as undemanding, with potential upside from additional projects related to data centers and LNG. ET’s extensive natural gas basin connectivity provides a strong foundation for future growth, with significant EBITDA growth expected from disclosed projects.

Kinder Morgan (KMI) receives a ‘Buy’ recommendation with a $34 price target. The company’s project backlog has expanded rapidly, driven by increased demand for LNG export capacity and data center needs. KMI’s strategic footprint positions it to capture further growth opportunities, with a significant portion of its projects expected to come online later in the decade. The company is poised to benefit from dual demand tailwinds, with a forecasted steady increase in EBITDA supported by its robust project pipeline.