Enterprise Products Partners
This is the largest publicly traded energy partnership and a leading North American provider of midstream energy services to producers and consumers. Enterprise Products Partners L.P. (NYSE: EPD) provides a wide variety of midstream energy services, including gathering, processing, transportation and storage of natural gas, NGL fractionation, import and export terminaling, and offshore production platform services.
One reason many analysts may have a liking for the stock might be its distribution coverage ratio. This ratio is well above 1 times, making it relatively less risky among the master limited partnerships.
The distribution yield is 7.46%. J.P. Morgan has set its price target at $33. The consensus target is $32.22, and Enterprise Products Partners stock closed at $26.71 on Tuesday.
Northern Oil & Gas
We have covered this stock since it traded in the single digits, and it is an outstanding small-cap value idea. Northern Oil & Gas Inc. (NYSE: NOG) is an independent energy company engaged in the acquisition, exploration, exploitation, development and production of crude oil and natural gas properties in the United States.
The company primarily holds interests in the Williston Basin, the Appalachian Basin and the Permian Basin in the United States. Solid second-quarter results topped both earnings and revenue expectations.
The dividend was recently increased by 3%, the 10th consecutive increase, and now has a 3.60% yield. Northern Oil & Gas stock has a $53 target price at Truist Financial. The consensus target is $49.92, and Tuesday’s close was at $42.29.
Pioneer Natural Resources
Many Wall Street analysts love this stock as a pure crude oil play, and the company also employs a variable dividend strategy. Pioneer Natural Resources Co. (NYSE: PXD) operates as an independent oil and gas exploration and production company in the United States.
The company explores for, develops and produces oil, NGLs and natural gas. It has operations in the Midland Basin in West Texas. As of December 31, 2021, the company had proved undeveloped reserves and proved developed non-producing reserves of 130 million barrels of oil, 92 million barrels of NGLs and 462 billion cubic feet of gas, and it owned interests in 11 gas processing plants.
Its production services are supported by 100 well-servicing rigs, more than 100 cased-hole, open-hole and offshore wireline units, and a range of advanced coiled tubing units.
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