As macro uncertainty hangs over the stock market, investors are searching for sources of income, which can help cushion their portfolios in volatile times.
The analyst also sees an upside to the Street's consensus estimates for certain key metrics, including production, EBITDA and free cash flow, driven by the recently announcedSorbara ranks No. 391 among 8,800 analysts tracked by TipRanks. His ratings have been profitable 52% of the time, with each delivering an average return of 12.4%. , a master limited partnership or MLP. ET is a midstream energy company operating over 125,000 miles of pipeline and related infrastructure.
He added that the stock's discounted valuation and upside potential on equity return are the key drivers that make it his firm's top midstream pick.