Energy Transfer Stock Is Cheap, but Does That Make It a Buy Now?

Energy Transfer's valuation has fallen this year.Units of Energy Transfer (ET -0.71%) have declined by more than 10% this year. That has the master limited partnership (MLP) trading at an even cheaper level. However, a low valuation alone does not make a stock a good buy. To determine whether Energy Transfer is a genuine value stock or a potential value trap, it's essential to consider whether its low valuation is justified by underlying challenges or if the market is overlooking something that could fuel a ...