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Sectors & IndustriesUtilitiesUtilities - Regulated Gas
Best Gas Stocks to Buy Now (2023)
Top gas stocks in 2023 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
Overview
Zen ScorePriceValuationFinancialsForecastEarnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
SPH
SUBURBAN PROPANE PARTNERS LP
NYSE
Utilities - Regulated Gas
$942.18M$14.840.75%$282.35M5.75x3.15
NFE
NEW FORTRESS ENERGY INC
NASDAQ
Utilities - Regulated Gas
$5.69B$27.26-0.29%$451.49M29.31x4.86
ATO
ATMOS ENERGY CORP
NYSE
Utilities - Regulated Gas
$15.66B$109.382.68%$1.57B19.29x1.38
OGS
ONE GAS INC
NYSE
Utilities - Regulated Gas
$4.26B$77.022.97%$642.47M18.83x2.01
UGI
UGI CORP
NYSE
Utilities - Regulated Gas
$6.95B$33.171.50%$1.07B32.20x2.31
CPK
CHESAPEAKE UTILITIES CORP
NYSE
Utilities - Regulated Gas
$2.23B$125.803.68%$228.00M24.81x1.66
NI
NISOURCE INC
NYSE
Utilities - Regulated Gas
$11.03B$26.752.96%$2.15B14.54x2.49
NJR
NEW JERSEY RESOURCES CORP
NYSE
Utilities - Regulated Gas
$4.98B$51.422.84%$593.97M17.67x2.44
SR
SPIRE INC
NYSE
Utilities - Regulated Gas
$3.64B$69.213.58%$695.50M14.98x2.61
CNP
CENTERPOINT ENERGY INC
NYSE
Utilities - Regulated Gas
$17.85B$28.343.73%$3.23B17.71x2.84
SWX
SOUTHWEST GAS HOLDINGS INC
NYSE
Utilities - Regulated Gas
$4.11B$61.253.08%$434.26M-19.76x3.31
RGCO
RGC RESOURCES INC
NASDAQ
Utilities - Regulated Gas
$222.99M$22.500.85%-$29.47M-6.10x2.25
NWN
NORTHWEST NATURAL HOLDING CO
NYSE
Utilities - Regulated Gas
$1.65B$46.413.36%$322.67M18.27x2.74
BIPC
BROOKFIELD INFRASTRUCTURE CORP
NYSE
Utilities - Regulated Gas
$4.94B$43.87-0.05%$2.11BN/A-9.42
1

Gas Stocks FAQ

What are the best gas stocks to buy right now in Mar 2023?

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

1. Suburban Propane Partners (NYSE:SPH)


Suburban Propane Partners (NYSE:SPH) is the top gas stock with a Zen Score of 50, which is 18 points higher than the gas industry average of 32. It passed 19 out of 38 due diligence checks and has strong fundamentals. Suburban Propane Partners has seen its stock lose -7.19% over the past year.

Suburban Propane Partners has an average 1 year price target of $17.00, an upside of 14.56% from Suburban Propane Partners's current stock price of $14.84.

Suburban Propane Partners stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Suburban Propane Partners, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. New Fortress Energy (NASDAQ:NFE)


New Fortress Energy (NASDAQ:NFE) 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 20 out of 38 due diligence checks and has strong fundamentals. New Fortress Energy has seen its stock lose -24.05% over the past year, underperforming other gas stocks by -17 percentage points.

New Fortress Energy has an average 1 year price target of $53.50, an upside of 96.26% from New Fortress Energy's current stock price of $27.26.

New Fortress Energy stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 10 analysts covering New Fortress Energy, 60% have issued a Strong Buy rating, 20% have issued a Buy, 20% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Atmos Energy (NYSE:ATO)


Atmos Energy (NYSE:ATO) is the third best gas stock with a Zen Score of 42, which is 10 points higher than the gas industry average of 32. It passed 15 out of 38 due diligence checks and has strong fundamentals. Atmos Energy has seen its stock lose -5.44% over the past year, overperforming other gas stocks by 1 percentage points.

Atmos Energy has an average 1 year price target of $120.38, an upside of 10.05% from Atmos Energy's current stock price of $109.38.

Atmos Energy stock has a consensus Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Atmos Energy, 50% have issued a Strong Buy rating, 12.5% have issued a Buy, 37.5% 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 12 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 8.76%, which is 5 percentage points higher than the gas industry average of 3.45%. 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 50.4% 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 4.34%, which is 1 percentage points higher than the gas industry average of 3.45%. 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 138.3% indicates that its dividend yield might not be sustainable for the long-term.

3. Brookfield Infrastructure (NYSE:BIPC)


Brookfield Infrastructure (NYSE:BIPC) has an annual dividend yield of 4.09%, which is 1 percentage points higher than the gas industry average of 3.45%.

Why are gas stocks up?

Gas stocks were up 2.67% in the last day, and down -2.2% over the last week. Centerpoint Energy was the among the top gainers in the utilities - regulated gas industry, gaining 3.73% yesterday.

Shares of companies in the broader utilities sector are trading higher as stocks rebound from weakness earlier in the week. A decline in Treasury yields has also helped lift stocks in the sector.

What are the most undervalued gas stocks?

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

1. Suburban Propane Partners (NYSE:SPH)


Suburban Propane Partners (NYSE:SPH) is the most undervalued gas stock based on WallStreetZen's Valuation Score. Suburban Propane Partners has a valuation score of 71, which is 42 points higher than the gas industry average of 29. It passed 5 out of 7 valuation due diligence checks.

Suburban Propane Partners's stock has dropped -7.19% in the past year. It has performed in line with other stocks in the gas industry.

2. New Fortress Energy (NASDAQ:NFE)


New Fortress Energy (NASDAQ:NFE) is the second most undervalued gas stock based on WallStreetZen's Valuation Score. New Fortress Energy has a valuation score of 43, which is 14 points higher than the gas industry average of 29. It passed 3 out of 7 valuation due diligence checks.

New Fortress Energy's stock has dropped -24.05% in the past year. It has underperformed other stocks in the gas industry by -17 percentage points.

3. Nisource (NYSE:NI)


Nisource (NYSE:NI) is the third most undervalued gas stock based on WallStreetZen's Valuation Score. Nisource has a valuation score of 43, which is 14 points higher than the gas industry average of 29. It passed 3 out of 7 valuation due diligence checks.

Nisource's stock has dropped -12.41% in the past year. It has underperformed other stocks in the gas industry by -6 percentage points.

Are gas stocks a good buy now?

35.71% of gas stocks rated by analysts are a strong buy right now. On average, analysts expect gas stocks to rise by 11.75% 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 16.64x.
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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.