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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 ScorePriceValuationFinancialsForecastEarnings & RevenueDividends
OwnershipTechnicals
Ticker
Company
Dividends Score
Market Cap
Dividend Yield
Payout Ratio
Last Dividend
Annual Dividend
Dividend Percentile
Dividend Dropped Count (L10Y)
Ex-dividend Date
Div. Payment Date
NFE
NEW FORTRESS ENERGY INC
$6.41BN/A178.00%$0.1000N/AN/A0
ATO
ATMOS ENERGY CORP
$15.26B2.88%50.00%$0.7400$2.9648%0
NWN
NORTHWEST NATURAL HOLDING CO
$1.33B1.31%67.60%$0.4850$0.4921%0
CPK
CHESAPEAKE UTILITIES CORP
$1.64B2.45%44.10%$0.5900$2.2542%02023-10-05
OGS
ONE GAS INC
$3.64B3.91%61.80%$0.6500$2.5761%0
SR
SPIRE INC
$2.88B5.26%66.20%$0.7200$2.8875%02023-10-03
UGI
UGI CORP
$4.60B6.69%-22.00%$0.3750$1.4784%0
NJR
NEW JERSEY RESOURCES CORP
$3.84B4.04%53.20%$0.4200$1.5963%0
RGCO
RGC RESOURCES INC
$167.42M4.70%-525.30%$0.1975$0.7970%02023-10-132023-11-01
OPAL
OPAL FUELS INC
$1.41BN/A0.00%N/AN/AN/AN/A
SWX
SOUTHWEST GAS HOLDINGS INC
$4.23B4.19%-72.90%$0.6200$2.4865%02023-11-142023-12-01
NI
NISOURCE INC
$9.58B4.25%63.10%$0.2500$0.9965%12023-10-302023-11-20
BIPC
BROOKFIELD INFRASTRUCTURE CORP
$3.75B2.23%N/A$0.3830$0.7439%1
SPH
SUBURBAN PROPANE PARTNERS LP
$1.01B8.18%92.20%$0.3250$1.3089%2
1

Gas Stocks FAQ

What are the best gas stocks to buy right now in Oct 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 20 points higher than the gas industry average of 29. It passed 22 out of 38 due diligence checks and has strong fundamentals. New Fortress Energy has seen its stock lose -32.82% over the past year, underperforming other gas stocks by -18 percentage points.

New Fortress Energy has an average 1 year price target of $41.67, an upside of 33.33% from New Fortress Energy's current stock price of $31.25.

New Fortress Energy stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 6 analysts covering New Fortress Energy, 66.67% have issued a Strong Buy rating, 0% have issued a Buy, 33.33% 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 16 points higher than the gas industry average of 29. It passed 16 out of 38 due diligence checks and has strong fundamentals. Atmos Energy has seen its stock lose -2.14% over the past year, overperforming other gas stocks by 13 percentage points.

Atmos Energy has an average 1 year price target of $126.00, an upside of 22.62% from Atmos Energy's current stock price of $102.76.

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 37, which is 8 points higher than the gas industry average of 29. It passed 13 out of 38 due diligence checks and has average fundamentals. Northwest Natural Holding Co has seen its stock lose -16.69% over the past year, underperforming other gas stocks by -1 percentage points.

Northwest Natural Holding Co has an average 1 year price target of $48.00, an upside of 29.98% from Northwest Natural Holding Co's current stock price of $36.93.

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 8.18%, which is 4 percentage points higher than the gas industry average of 4.18%. 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 6.69%, which is 3 percentage points higher than the gas industry average of 4.18%. 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 5.26%, which is 1 percentage points higher than the gas industry average of 4.18%. 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 -3.84% in the last day, and down -8.18% over the last week. Nisource was the among the top losers in the utilities - regulated gas industry, dropping -6.08% yesterday.

Shares of utilities stocks are trading lower. Weakness may be due to a rise in Treasury yields, which could drive a rotation out of dividend-paying stocks.

What are the most undervalued gas stocks?

Based on WallStreetZen's Valuation Score, the 2 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 29 points higher than the gas industry average of 14. It passed 3 out of 7 valuation due diligence checks.

New Fortress Energy's stock has dropped -32.82% in the past year. It has underperformed other stocks in the gas industry by -18 percentage points.

2. Rgc Resources (NASDAQ:RGCO)


Rgc Resources (NASDAQ:RGCO) is the second most undervalued gas stock based on WallStreetZen's Valuation Score. Rgc Resources has a valuation score of 29, which is 15 points higher than the gas industry average of 14. It passed 2 out of 7 valuation due diligence checks.

Rgc Resources's stock has dropped -20.7% in the past year. It has underperformed other stocks in the gas industry by -5 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 22.85% 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 10.56x.
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