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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 & RevenueDividendsOwnership
Technicals
Ticker
Company
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
OPAL
OPAL FUELS INC
United States
$956.68M172,374,2974.44%95.56%Net SellingNet Selling
ATO
ATMOS ENERGY CORP
United States
$17.01B148,496,10890.66%2.70%Net BuyingNet Buying
NFE
NEW FORTRESS ENERGY INC
United States
$7.67B205,031,40619.37%80.63%Net Selling
NWN
NORTHWEST NATURAL HOLDING CO
United States
$1.42B36,778,27173.96%1.94%Net SellingNet Buying
CPK
CHESAPEAKE UTILITIES CORP
United States
$1.79B17,796,74175.61%7.56%Net Buying
RGCO
RGC RESOURCES INC
United States
$208.06M10,031,76235.32%25.83%Net BuyingNet Buying
NJR
NEW JERSEY RESOURCES CORP
United States
$4.33B97,707,56471.01%1.95%Net BuyingNet Buying
OGS
ONE GAS INC
United States
$3.39B55,454,05091.58%2.53%Net Buying
SR
SPIRE INC
United States
$3.40B53,176,84090.65%6.79%Net BuyingNet Buying
NI
NISOURCE INC
United States
$10.93B413,415,44194.31%1.67%Net BuyingNet Selling
SPH
SUBURBAN PROPANE PARTNERS LP
United States
$1.08B64,015,00420.12%6.56%Net SellingNet Selling
UGI
UGI CORP
United States
$4.82B210,899,58379.88%1.73%Net Buying
SWX
SOUTHWEST GAS HOLDINGS INC
United States
$4.38B71,519,02574.84%25.16%Net BuyingNet Buying
BIPC
BROOKFIELD INFRASTRUCTURE CORP
United States
$3.67B112,671,34872.70%0.00%
1

Gas Stocks FAQ

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

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

1. Opal Fuels (NASDAQ:OPAL)


Opal Fuels (NASDAQ:OPAL) is the top gas stock with a Zen Score of 54, which is 21 points higher than the gas industry average of 33. It passed 18 out of 33 due diligence checks and has strong fundamentals. Opal Fuels has seen its stock lose -31.23% over the past year, underperforming other gas stocks by -17 percentage points.

Opal Fuels has an average 1 year price target of $9.90, an upside of 78.38% from Opal Fuels's current stock price of $5.55.

Opal Fuels stock has a consensus Hold recommendation according to Wall Street analysts. Of the 2 analysts covering Opal Fuels, 50% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 50% 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 46, which is 13 points higher than the gas industry average of 33. It passed 16 out of 38 due diligence checks and has strong fundamentals. Atmos Energy has seen its stock lose -2.45% over the past year, overperforming other gas stocks by 11 percentage points.

Atmos Energy has an average 1 year price target of $123.00, an upside of 7.4% from Atmos Energy's current stock price of $114.53.

Atmos Energy stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Atmos 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.

3. New Fortress Energy (NASDAQ:NFE)


New Fortress Energy (NASDAQ:NFE) is the third best gas stock with a Zen Score of 46, which is 13 points higher than the gas industry average of 33. It passed 20 out of 38 due diligence checks and has strong fundamentals. New Fortress Energy has seen its stock lose -19.81% over the past year, underperforming other gas stocks by -6 percentage points.

New Fortress Energy has an average 1 year price target of $39.20, an upside of 4.81% from New Fortress Energy's current stock price of $37.40.

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.

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 7.69%, which is 4 percentage points higher than the gas industry average of 3.89%. 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 67% 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 6.44%, which is 3 percentage points higher than the gas industry average of 3.89%. 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 -20.5% 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 4.51%, which is 1 percentage points higher than the gas industry average of 3.89%. 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 74.6% indicates that its dividend yield is sustainable for the long-term.

Why are gas stocks down?

Gas stocks were down -0.01% in the last day, and up 3.73% 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. Opal Fuels (NASDAQ:OPAL)


Opal Fuels (NASDAQ:OPAL) is the most undervalued gas stock based on WallStreetZen's Valuation Score. Opal Fuels has a valuation score of 71, which is 43 points higher than the gas industry average of 28. It passed 5 out of 7 valuation due diligence checks.

Opal Fuels's stock has dropped -31.23% in the past year. It has underperformed other stocks in the gas industry by -17 percentage points.

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 57, which is 29 points higher than the gas industry average of 28. It passed 4 out of 7 valuation due diligence checks.

New Fortress Energy's stock has dropped -19.81% in the past year. It has underperformed other stocks in the gas industry by -6 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 1 points higher than the gas industry average of 28. It passed 2 out of 7 valuation due diligence checks.

Northwest Natural Holding Co's stock has dropped -19.98% in the past year. It has underperformed other stocks in the gas industry by -6 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 8.18% 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 12.31x.
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