WallStreetZenWallStreetZen

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
Ticker
Company
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
NFE
NEW FORTRESS ENERGY INC
$6.25B$2.42B$882.03M$395.43M$1.9118.38%N/A83.65%N/A2023-11-06
ATO
ATMOS ENERGY CORP
$15.88B$4.41B$1.67B$838.98M$5.808.97%7.06%5.84%1.29%2023-11-07
NWN
NORTHWEST NATURAL HOLDING CO
$1.41B$1.19B$368.03M$101.26M$2.8726.74%10.83%14.80%N/A2023-11-06
CPK
CHESAPEAKE UTILITIES CORP
$1.88B$672.08M$227.77M$88.29M$4.986.67%5.45%-1.39%4.22%2023-10-31
OGS
ONE GAS INC
$3.93B$2.61B$697.71M$226.04M$4.1114.98%9.71%4.85%4.05%2023-10-30
SR
SPIRE INC
$3.01B$2.67B$721.10M$226.30M$4.3022.79%6.11%9.97%-1.47%2023-11-14
OPAL
OPAL FUELS INC
$1.37B$231.27M$28.62M$1.00M$0.739.81%N/AN/AN/A2023-11-13
UGI
UGI CORP
$4.94B$9.46B-$829.00M-$1.39B-$6.62-1.58%4.77%N/AN/A2023-11-15
RGCO
RGC RESOURCES INC
$173.52M$99.08M$13.10M-$1.13M-$0.1518.80%8.55%N/AN/A2023-11-14
NJR
NEW JERSEY RESOURCES CORP
$4.03B$2.40B$605.25M$282.22M$2.93-10.32%-3.09%27.95%3.73%2023-11-15
SPH
SUBURBAN PROPANE PARTNERS LP
$927.30M$1.44B$220.70M$90.45M$1.41-2.16%1.32%-49.82%2.60%2023-11-08
SWX
SOUTHWEST GAS HOLDINGS INC
$4.44B$5.44B$471.75M-$218.10M-$3.4024.09%14.56%N/AN/A2023-11-07
NI
NISOURCE INC
$10.64B$5.85B$2.13B$641.90M$1.567.85%3.01%-6.59%15.17%2023-11-06
BIPC
BROOKFIELD INFRASTRUCTURE CORP
$4.22B$1.98B$1.37B$219.00MN/A12.05%N/AN/AN/A2023-10-31

Gas Stocks FAQ

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

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

1. New Fortress Energy (NASDAQ:NFE)


New Fortress Energy (NASDAQ:NFE) is the top gas stock with a Zen Score of 49, which is 19 points higher than the gas industry average of 30. It passed 22 out of 38 due diligence checks and has strong fundamentals. New Fortress Energy has seen its stock lose -26.03% over the past year, underperforming other gas stocks by -13 percentage points.

New Fortress Energy has an average 1 year price target of $42.00, an upside of 37.75% from New Fortress Energy's current stock price of $30.49.

New Fortress Energy stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering New Fortress Energy, 60% have issued a Strong Buy rating, 0% have issued a Buy, 40% have issued a hold, while 0% have issued a Sell rating, and 0% 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 45, which is 15 points higher than the gas industry average of 30. It passed 16 out of 38 due diligence checks and has strong fundamentals. Atmos Energy has seen its stock lose -2.01% over the past year, overperforming other gas stocks by 11 percentage points.

Atmos Energy has an average 1 year price target of $126.00, an upside of 17.78% from Atmos Energy's current stock price of $106.98.

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. Northwest Natural Holding Co (NYSE:NWN)


Northwest Natural Holding Co (NYSE:NWN) is the third best gas stock with a Zen Score of 40, which is 10 points higher than the gas industry average of 30. It passed 14 out of 38 due diligence checks and has average fundamentals. Northwest Natural Holding Co has seen its stock lose -15.82% over the past year, underperforming other gas stocks by -3 percentage points.

Northwest Natural Holding Co has an average 1 year price target of $48.00, an upside of 23.11% from Northwest Natural Holding Co's current stock price of $38.99.

Northwest Natural Holding Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Northwest Natural Holding Co, 25% have issued a Strong Buy rating, 0% have issued a Buy, 75% 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 8.9%, which is 5 percentage points higher than the gas industry average of 4.01%. 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 92.2% 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 6.23%, which is 2 percentage points higher than the gas industry average of 4.01%. 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 -22% 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 4.01%. 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 66.2% indicates that its dividend yield is sustainable for the long-term.

Why are gas stocks down?

Gas stocks were down -2.16% in the last day, and down -3.17% 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 43, which is 24 points higher than the gas industry average of 19. It passed 3 out of 7 valuation due diligence checks.

New Fortress Energy's stock has dropped -26.03% in the past year. It has underperformed other stocks in the gas industry by -13 percentage points.

2. Suburban Propane Partners (NYSE:SPH)


Suburban Propane Partners (NYSE:SPH) is the second most undervalued gas stock based on WallStreetZen's Valuation Score. Suburban Propane Partners has a valuation score of 43, which is 24 points higher than the gas industry average of 19. It passed 3 out of 7 valuation due diligence checks.

Suburban Propane Partners's stock has dropped -5.32% in the past year. It has overperformed other stocks in the gas industry by 7 percentage points.

3. Northwest Natural Holding Co (NYSE:NWN)


Northwest Natural Holding Co (NYSE:NWN) is the third most undervalued gas stock based on WallStreetZen's Valuation Score. Northwest Natural Holding Co has a valuation score of 29, which is 10 points higher than the gas industry average of 19. It passed 2 out of 7 valuation due diligence checks.

Northwest Natural Holding Co's stock has dropped -15.82% in the past year. It has underperformed other stocks in the gas industry by -3 percentage points.

Are gas stocks a good buy now?

53.85% of gas stocks rated by analysts are a hold right now. On average, analysts expect gas stocks to rise by 16.54% 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 11.06x.
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.