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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
OverviewZen ScorePriceValuationFinancialsForecast
Earnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Consensus
Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
ATO
ATMOS ENERGY CORP
$16.43B$113.70$125.5010.38%Strong Buy43.96%5.06%9.60%4.60%
CPK
CHESAPEAKE UTILITIES CORP
$2.25B$126.75$124.50-1.78%Hold2-0.65%8.21%12.74%4.98%
NFE
NEW FORTRESS ENERGY INC
$5.32B$25.96$51.1497.01%Strong Buy794.93%823.08%212.02%33.48%
OGS
ONE GAS INC
$4.49B$81.11$77.60-4.33%Hold5-10.92%5.84%9.65%3.45%
NJR
NEW JERSEY RESOURCES CORP
$4.75B$48.96$48.50-0.94%Sell4-4.15%-19.67%12.55%3.99%
SR
SPIRE INC
$3.46B$65.72$68.504.23%Hold6-22.43%-6.62%8.10%2.41%
UGI
UGI CORP
$5.92B$28.30$39.6740.17%Strong Sell3N/AN/A15.16%4.80%
NI
NISOURCE INC
$11.09B$26.85$31.0015.46%Buy1-3.90%-3.14%9.37%2.68%
NWN
NORTHWEST NATURAL HOLDING CO
$1.58B$43.89$53.6722.28%Buy3-11.13%-7.61%7.65%2.22%
SPH
SUBURBAN PROPANE PARTNERS LP
$934.66M$14.72$17.0015.49%Hold1N/AN/AN/AN/A
CNP
CENTERPOINT ENERGY INC
$17.88B$28.34$32.8015.74%Strong Buy50.64%11.99%N/AN/A
RGCO
RGC RESOURCES INC
$187.68M$18.91N/AN/AN/AN/AN/AN/A11.88%4.02%
SWX
SOUTHWEST GAS HOLDINGS INC
$4.16B$58.33$74.5027.72%Hold4-7.97%N/A11.02%3.07%
BIPC
BROOKFIELD INFRASTRUCTURE CORP
$5.30B$47.02$48.002.08%Strong Buy1N/AN/AN/AN/A
1

Gas Stocks FAQ

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

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

1. Atmos Energy (NYSE:ATO)


Atmos Energy (NYSE:ATO) is the top gas stock with a Zen Score of 47, which is 18 points higher than the gas industry average of 29. It passed 17 out of 38 due diligence checks and has strong fundamentals. Atmos Energy has seen its stock lose -2.6% over the past year, overperforming other gas stocks by 12 percentage points.

Atmos Energy has an average 1 year price target of $125.50, an upside of 10.38% from Atmos Energy's current stock price of $113.70.

Atmos Energy stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Atmos Energy, 75% have issued a Strong Buy rating, 0% have issued a Buy, 25% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Chesapeake Utilities (NYSE:CPK)


Chesapeake Utilities (NYSE:CPK) is the second best gas stock with a Zen Score of 40, which is 11 points higher than the gas industry average of 29. It passed 14 out of 38 due diligence checks and has average fundamentals. Chesapeake Utilities has seen its stock lose -6.59% over the past year, overperforming other gas stocks by 8 percentage points.

Chesapeake Utilities has an average 1 year price target of $124.50, a downside of -1.78% from Chesapeake Utilities's current stock price of $126.75.

Chesapeake Utilities stock has a consensus Hold recommendation according to Wall Street analysts. Of the 2 analysts covering Chesapeake Utilities, 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.

3. New Fortress Energy (NASDAQ:NFE)


New Fortress Energy (NASDAQ:NFE) is the third best gas stock with a Zen Score of 39, which is 10 points higher than the gas industry average of 29. It passed 17 out of 38 due diligence checks and has average fundamentals. New Fortress Energy has seen its stock lose -44.04% over the past year, underperforming other gas stocks by -30 percentage points.

New Fortress Energy has an average 1 year price target of $51.14, an upside of 97.01% from New Fortress Energy's current stock price of $25.96.

New Fortress Energy stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 7 analysts covering New Fortress Energy, 85.71% have issued a Strong Buy rating, 0% have issued a Buy, 14.29% 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 11 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 8.83%, 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 90.3% indicates that its high dividend yield might not be sustainable for the long-term.

2. Ugi (NYSE:UGI)


Ugi (NYSE:UGI) has an annual dividend yield of 5.09%, which is 2 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 -49.8% indicates that its dividend yield might not be sustainable for the long-term.

3. Spire (NYSE:SR)


Spire (NYSE:SR) has an annual dividend yield of 4.28%, which is 1 percentage points higher than the gas industry average of 3.45%. 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 60% indicates that its dividend yield is sustainable for the long-term.

Why are gas stocks up?

Gas stocks were up 0.37% in the last day, and down -0.67% over the last week.

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

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 30 points higher than the gas industry average of 27. It passed 4 out of 7 valuation due diligence checks.

New Fortress Energy's stock has dropped -44.04% in the past year. It has underperformed other stocks in the gas industry by -30 percentage points.

2. Northwest Natural Holding Co (NYSE:NWN)


Northwest Natural Holding Co (NYSE:NWN) is the second most undervalued gas stock based on WallStreetZen's Valuation Score. Northwest Natural Holding Co has a valuation score of 43, which is 16 points higher than the gas industry average of 27. It passed 3 out of 7 valuation due diligence checks.

Northwest Natural Holding Co's stock has dropped -19.81% in the past year. It has underperformed other stocks in the gas industry by -5 percentage points.

3. Spire (NYSE:SR)


Spire (NYSE:SR) is the third most undervalued gas stock based on WallStreetZen's Valuation Score. Spire has a valuation score of 43, which is 16 points higher than the gas industry average of 27. It passed 3 out of 7 valuation due diligence checks.

Spire's stock has dropped -16.09% in the past year. It has underperformed other stocks in the gas industry by -2 percentage points.

Are gas stocks a good buy now?

38.46% of gas stocks rated by analysts are a hold right now. On average, analysts expect gas stocks to rise by 11.66% 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 15.96x.
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