These 3 Energy Stocks Are Ridiculously Cheap
The stock market has been on a record-shattering run this year, setting new all-time highs on what seems like a daily basis. That has pushed valuations up to the point where value-conscious investors don't have very many options. That said, there are still some cheap stocks out there, especially in the energy sector.
In fact, several pipeline stocks are ridiculously cheap in the aftermath of the oil market downturn. Three that stand out are Energy Transfer Partners (NYSE: ETP), Plains All American Pipeline (NYSE: PAA), and Crestwood Equity Partners (NYSE: CEQP). Because of their rock-bottom prices, investors can earn exceptionally high dividend yields while they wait for the market to realize that these companies are making huge strides to improve their financial situations and growth prospects.
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Source: Fool.com
Plains All American Pipeline LP Stock
Currently there is a rather positive sentiment for Plains All American Pipeline LP with 10 Buy predictions and 3 Sell predictions.
With a target price of 16 € there is potential for a 174.96% increase which would mean more than doubling the current price of 5.82 € for Plains All American Pipeline LP.
