Sectors & Industries UtilitiesUtilities - 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

Overview Zen Score Price Valuation Financials Forecast Earnings & Revenue

Ticker	Company	Market Cap	Revenue	EBITDA	Earnings	EPS	Revenue Growth Y/Y	Revenue Growth 5Y	Earnings Growth Y/Y	Earnings Growth 5Y	Earnings Date
ATO	ATMOS ENERGY CORP	$20.30B	$4.09B	$2.05B	$1.03B	$6.77	-7.15%	7.12%	16.72%	9.86%	2024-11-06
NFE	NEW FORTRESS ENERGY INC	$2.27B	$2.39B	$838.24M	$243.66M	$1.18	-1.14%	79.17%	-38.22%	N/A	2024-11-06
OPAL	OPAL FUELS INC	$554.76M	$294.01M	$44.85M	$2.12M	$0.08	27.13%	N/A	-89.04%	N/A
CPK	CHESAPEAKE UTILITIES CORP	$2.66B	$728.90M	$269.77M	$99.17M	$4.69	8.45%	8.60%	-5.82%	4.91%	2024-10-31
RGCO	RGC RESOURCES INC	$197.22M	$84.00M	$33.56M	$12.63M	$1.25	-15.22%	4.27%	N/A	2.78%
UGI	UGI CORP	$5.15B	$7.37B	$1.79B	$673.00M	$3.20	-22.06%	-0.19%	N/A	10.99%
NJR	NEW JERSEY RESOURCES CORP	$4.56B	$1.73B	$588.69M	$235.67M	$2.40	-27.74%	-8.90%	-18.09%	9.57%
SWX	SOUTHWEST GAS HOLDINGS INC	$4.91B	$5.30B	$987.85M	$182.17M	$2.55	-2.63%	12.05%	N/A	-7.77%	2024-11-06
OGS	ONE GAS INC	$3.89B	$2.05B	$752.20M	$222.48M	$3.95	-21.23%	4.43%	-3.89%	3.10%	2024-11-04
SR	SPIRE INC	$3.78B	$2.61B	$769.00M	$230.60M	$4.17	-2.27%	5.83%	-3.02%	2.31%
NI	NISOURCE INC	$14.89B	$5.24B	$2.39B	$732.70M	$1.69	-10.42%	0.01%	8.33%	40.38%	2024-10-30
SPH	SUBURBAN PROPANE PARTNERS LP	$1.13B	$1.35B	$240.71M	$97.91M	$1.52	-6.60%	0.86%	7.80%	6.68%	2024-11-07
NWN	NORTHWEST NATURAL HOLDING CO	$1.52B	$1.14B	$363.70M	$81.99M	$2.19	-4.19%	9.47%	-23.69%	-1.48%	2024-11-01
BIPC	BROOKFIELD INFRASTRUCTURE CORP	$5.67B	$3.28B	$3.12B	$1.21B	N/A	65.47%	N/A	N/A	N/A	2024-10-30
CTRI	CENTURI HOLDINGS INC	$1.44B	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Gas Stocks FAQ

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

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 50, which is 19 points higher than the gas industry average of 31. It passed 18 out of 38 due diligence checks and has strong fundamentals. Atmos Energy has seen its stock return 16.5% over the past year, overperforming other gas stocks by 11 percentage points.

Atmos Energy has an average 1 year price target of $131.43, an upside of 0.48% from Atmos Energy's current stock price of $130.80.

Atmos Energy stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Atmos Energy, 57.14% have issued a Strong Buy rating, 0% have issued a Buy, 42.86% 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 39, which is 8 points higher than the gas industry average of 31. It passed 16 out of 38 due diligence checks and has average fundamentals. New Fortress Energy has seen its stock lose -64.97% over the past year, underperforming other gas stocks by -70 percentage points.

New Fortress Energy has an average 1 year price target of $19.00, an upside of 71.79% from New Fortress Energy's current stock price of $11.06.

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.

3. Opal Fuels (NASDAQ:OPAL)

Opal Fuels (NASDAQ:OPAL) is the third best gas stock with a Zen Score of 38, which is 7 points higher than the gas industry average of 31. It passed 13 out of 33 due diligence checks and has average fundamentals. Opal Fuels has seen its stock lose -54.66% over the past year, underperforming other gas stocks by -60 percentage points.

Opal Fuels has an average 1 year price target of $6.88, an upside of 114.33% from Opal Fuels's current stock price of $3.21.

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, 0% have issued a Buy, 20% have issued a hold, while 0% have issued a Sell rating, and 20% 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 7.39%, which is 4 percentage points higher than the gas industry average of 3.85%. 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 85.5% 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 6.26%, which is 2 percentage points higher than the gas industry average of 3.85%. 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 46.9% indicates that its high dividend yield is sustainable for the long-term.

3. Rgc Resources (NASDAQ:RGCO)

Rgc Resources (NASDAQ:RGCO) has an annual dividend yield of 4.13%, which is the same as the gas industry average of 3.85%. Rgc Resources's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Rgc Resources's dividend has shown consistent growth over the last 10 years.

Rgc Resources's dividend payout ratio of 63.8% indicates that its dividend yield is sustainable for the long-term.

Why are gas stocks down?

Gas stocks were down -1.45% in the last day, and down -1.75% 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 71, which is 46 points higher than the gas industry average of 25. It passed 5 out of 7 valuation due diligence checks.

New Fortress Energy's stock has dropped -64.97% in the past year. It has underperformed other stocks in the gas industry by -70 percentage points.

2. Spire (NYSE:SR)

Spire (NYSE:SR) is the second most undervalued gas stock based on WallStreetZen's Valuation Score. Spire has a valuation score of 43, which is 18 points higher than the gas industry average of 25. It passed 3 out of 7 valuation due diligence checks.

Spire's stock has gained 12.11% in the past year. It has overperformed other stocks in the gas industry by 7 percentage points.

3. Ugi (NYSE:UGI)

Ugi (NYSE:UGI) is the third most undervalued gas stock based on WallStreetZen's Valuation Score. Ugi has a valuation score of 43, which is 18 points higher than the gas industry average of 25. It passed 3 out of 7 valuation due diligence checks.

Ugi's stock has dropped -4.08% in the past year. It has underperformed other stocks in the gas industry by -9 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 3.81% 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 16.78x.

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.