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Sectors & IndustriesUtilitiesUtilities - Regulated Gas
Best Gas Stocks to Buy Now (2024)
Top gas stocks in 2024 ranked by overall Zen Score. See the best gas stocks to buy now, according to analyst forecasts for the utilities - regulated gas industry.

Industry: Utilities - Regulated Gas
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
OPAL
OPAL FUELS INC
NASDAQ
Utilities - Regulated Gas
$822.74M$4.77-2.25%$53.94M6.81x-0.62
ATO
ATMOS ENERGY CORP
NYSE
Utilities - Regulated Gas
$17.19B$113.99-0.34%$1.83B18.21x1.10
NFE
NEW FORTRESS ENERGY INC
NASDAQ
Utilities - Regulated Gas
$5.82B$28.40-1.93%$1.13B10.68x5.32
SWX
SOUTHWEST GAS HOLDINGS INC
NYSE
Utilities - Regulated Gas
$5.22B$72.86-0.23%$925.92M34.21x2.59
SR
SPIRE INC
NYSE
Utilities - Regulated Gas
$3.23B$58.66-0.05%$702.20M15.81x2.49
OGS
ONE GAS INC
NYSE
Utilities - Regulated Gas
$3.51B$62.08-1.00%$738.56M14.92x1.81
NI
NISOURCE INC
NYSE
Utilities - Regulated Gas
$12.11B$27.07-0.66%$2.25B17.03x2.53
NJR
NEW JERSEY RESOURCES CORP
NYSE
Utilities - Regulated Gas
$4.11B$41.79-0.19%$563.12M17.06x2.27
CPK
CHESAPEAKE UTILITIES CORP
NYSE
Utilities - Regulated Gas
$2.27B$102.061.33%$229.68M21.49x1.65
RGCO
RGC RESOURCES INC
NASDAQ
Utilities - Regulated Gas
$202.66M$19.94-1.04%$33.31M15.22x2.04
SPH
SUBURBAN PROPANE PARTNERS LP
NYSE
Utilities - Regulated Gas
$1.23B$19.29-2.77%$244.56M11.98x3.22
NWN
NORTHWEST NATURAL HOLDING CO
NYSE
Utilities - Regulated Gas
$1.36B$36.130.17%$368.56M13.95x2.66
UGI
UGI CORP
NYSE
Utilities - Regulated Gas
$4.92B$23.46-2.29%$531.00M-10.81x2.55
BIPC
BROOKFIELD INFRASTRUCTURE CORP
NYSE
Utilities - Regulated Gas
$4.30B$30.06-2.94%$1.54BN/A-49.73

Gas Stocks FAQ

What are the best gas stocks to buy right now in Apr 2024?

According to Zen Score, the 3 best gas stocks to buy right now are:

1. Opal Fuels (NASDAQ:OPAL)


Opal Fuels (NASDAQ:OPAL) is the top gas stock with a Zen Score of 53, which is 21 points higher than the gas industry average of 32. It passed 18 out of 33 due diligence checks and has strong fundamentals. Opal Fuels has seen its stock lose -37.65% over the past year, underperforming other gas stocks by -24 percentage points.

Opal Fuels has an average 1 year price target of $8.80, an upside of 84.49% from Opal Fuels's current stock price of $4.77.

Opal Fuels stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Opal Fuels, 60% have issued a Strong Buy rating, 20% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 20% have issued a Strong Sell.

2. Atmos Energy (NYSE:ATO)


Atmos Energy (NYSE:ATO) is the second best gas stock with a Zen Score of 46, which is 14 points higher than the gas industry average of 32. It passed 16 out of 38 due diligence checks and has strong fundamentals. Atmos Energy has seen its stock lose -1.65% over the past year, overperforming other gas stocks by 12 percentage points.

Atmos Energy has an average 1 year price target of $122.00, an upside of 7.03% from Atmos Energy's current stock price of $113.99.

Atmos Energy stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Atmos Energy, 50% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. New Fortress Energy (NASDAQ:NFE)


New Fortress Energy (NASDAQ:NFE) is the third best gas stock with a Zen Score of 44, which is 12 points higher than the gas industry average of 32. It passed 19 out of 38 due diligence checks and has strong fundamentals. New Fortress Energy has seen its stock lose -7.76% over the past year, overperforming other gas stocks by 6 percentage points.

New Fortress Energy has an average 1 year price target of $41.67, an upside of 46.71% from New Fortress Energy's current stock price of $28.40.

New Fortress Energy stock has a consensus Buy recommendation according to Wall Street analysts. Of the 3 analysts covering New Fortress Energy, 33.33% have issued a Strong Buy rating, 0% have issued a Buy, 66.67% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the gas stocks with highest dividends?

Out of 10 gas stocks that have issued dividends in the past year, the 3 gas stocks with the highest dividend yields are:

1. Suburban Propane Partners (NYSE:SPH)


Suburban Propane Partners (NYSE:SPH) has an annual dividend yield of 6.74%, which is 3 percentage points higher than the gas industry average of 3.79%. Suburban Propane Partners's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Suburban Propane Partners's dividend has not shown consistent growth over the last 10 years.

Suburban Propane Partners's dividend payout ratio of 80.7% indicates that its high dividend yield is sustainable for the long-term.

2. Ugi (NYSE:UGI)


Ugi (NYSE:UGI) has an annual dividend yield of 6.39%, which is 3 percentage points higher than the gas industry average of 3.79%. Ugi's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Ugi's dividend has shown consistent growth over the last 10 years.

Ugi's dividend payout ratio of -68.4% indicates that its high dividend yield might not be sustainable for the long-term.

3. Spire (NYSE:SR)


Spire (NYSE:SR) has an annual dividend yield of 5.03%, which is 1 percentage points higher than the gas industry average of 3.79%. Spire's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Spire's dividend has shown consistent growth over the last 10 years.

Spire's dividend payout ratio of 78.6% indicates that its high dividend yield is sustainable for the long-term.

Why are gas stocks down?

Gas stocks were down -0.46% in the last day, and down -2.77% over the last week.

We couldn't find a catalyst for why gas stocks are down.

What are the most undervalued gas stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued gas stocks right now are:

1. New Fortress Energy (NASDAQ:NFE)


New Fortress Energy (NASDAQ:NFE) is the most undervalued gas stock based on WallStreetZen's Valuation Score. New Fortress Energy has a valuation score of 57, which is 26 points higher than the gas industry average of 31. It passed 4 out of 7 valuation due diligence checks.

New Fortress Energy's stock has dropped -7.76% in the past year. It has overperformed other stocks in the gas industry by 6 percentage points.

2. Opal Fuels (NASDAQ:OPAL)


Opal Fuels (NASDAQ:OPAL) is the second most undervalued gas stock based on WallStreetZen's Valuation Score. Opal Fuels has a valuation score of 57, which is 26 points higher than the gas industry average of 31. It passed 4 out of 7 valuation due diligence checks.

Opal Fuels's stock has dropped -37.65% in the past year. It has underperformed other stocks in the gas industry by -24 percentage points.

3. Southwest Gas Holdings (NYSE:SWX)


Southwest Gas Holdings (NYSE:SWX) is the third most undervalued gas stock based on WallStreetZen's Valuation Score. Southwest Gas Holdings has a valuation score of 57, which is 26 points higher than the gas industry average of 31. It passed 4 out of 7 valuation due diligence checks.

Southwest Gas Holdings's stock has gained 21.92% in the past year. It has overperformed other stocks in the gas industry by 36 percentage points.

Are gas stocks a good buy now?

41.67% of gas stocks rated by analysts are a buy right now. On average, analysts expect gas stocks to rise by 8.68% over the next year.

What is the average p/e ratio of the utilities - regulated gas industry?

The average P/E ratio of the utilities - regulated gas industry is 14.65x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.