These High-Yield Energy Stocks Are Crazy Cheap and Surprisingly Safe
The energy market is still trying to move past the aftermath of the oil market downturn. That said, while crude is down about 50% from its peak, companies have cut costs and repaired their balance sheets, which suggests smoother sailing ahead even if oil remains low. However, despite the increasing likelihood that the worst is in the rearview mirror, many energy stocks trade at dirt-cheap valuations, with some of the deepest values found with energy infrastructure companies.
Because of that, investors can pick up some impressive dividend yields that appear to be on solid ground. Two that stand out as being absurdly cheap despite offering well-supported payouts are Corenergy Infrastructure Trust (NYSE: CORR) and Crestwood Equity Partners (NYSE: CEQP).
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Source: Fool.com
MPLX L.P. Stock
MPLX L.P. is currently one of the favorites of our community with 11 Buy predictions and no Sell predictions.
Based on the current price of 11.77 € the target price of 42 € shows a potential of 256.84% for MPLX L.P. which would more than double the current price.
