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Best Oil & Gas Midstream Stocks to Buy Now (2022)

Top oil & gas midstream stocks in 2022 ranked by overall Zen Score. See the best oil & gas midstream stocks to buy now, according to analyst forecasts for the oil & gas midstream industry.

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

Torm (NASDAQ:TRMD) is the top oil & gas midstream stock with a Zen Score of 61, which is 29 points higher than the oil & gas midstream industry average of 32. It passed 24 out of 38 due diligence checks and has strong fundamentals. Torm has seen its stock return 145.01% over the past year, overperforming other oil & gas midstream stocks by 129 percentage points.

Torm has an average 1 year price target of $16.00, a downside of -15.3% from Torm's current stock price of $18.89.

Torm stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Torm, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Global Partners (NYSE:GLP) is the second best oil & gas midstream stock with a Zen Score of 60, which is 28 points higher than the oil & gas midstream industry average of 32. It passed 22 out of 38 due diligence checks and has strong fundamentals. Global Partners has seen its stock return 23.61% over the past year, overperforming other oil & gas midstream stocks by 7 percentage points.

Global Partners has an average 1 year price target of $26.00, an upside of 2.4% from Global Partners's current stock price of $25.39.

Global Partners stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Global Partners, 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.

Western Midstream Partners (NYSE:WES) is the third best oil & gas midstream stock with a Zen Score of 58, which is 26 points higher than the oil & gas midstream industry average of 32. It passed 21 out of 38 due diligence checks and has strong fundamentals. Western Midstream Partners has seen its stock return 17.59% over the past year, overperforming other oil & gas midstream stocks by 1 percentage points.

Western Midstream Partners has an average 1 year price target of $31.67, an upside of 32.33% from Western Midstream Partners's current stock price of $23.93.

Western Midstream Partners stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Western Midstream Partners, 57.14% have issued a Strong Buy rating, 14.29% have issued a Buy, 28.57% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 44 oil & gas midstream stocks that have issued dividends in the past year, the 3 oil & gas midstream stocks with the highest dividend yields are:

Dorian Lpg (NYSE:LPG) has an annual dividend yield of 34.43%, which is 27 percentage points higher than the oil & gas midstream industry average of 6.95%.

Dorian Lpg's dividend payout ratio of 198.2% indicates that its high dividend yield might not be sustainable for the long-term.

Green Plains Partners (NASDAQ:GPP) has an annual dividend yield of 14.41%, which is 7 percentage points higher than the oil & gas midstream industry average of 6.95%. Green Plains Partners's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Green Plains Partners's dividend has shown consistent growth over the last 10 years.

Green Plains Partners's dividend payout ratio of 84.7% indicates that its high dividend yield is sustainable for the long-term.

Flex Lng (NYSE:FLNG) has an annual dividend yield of 12.31%, which is 5 percentage points higher than the oil & gas midstream industry average of 6.95%.

Flex Lng's dividend payout ratio of 69.6% indicates that its high dividend yield is sustainable for the long-term.

Oil & gas midstream stocks were down -6.73% in the last day, and down -8.59% over the last week. Equitrans Midstream was the among the top losers in the oil & gas midstream industry, dropping -12.78% yesterday.

Shares of several oil & gas companies are trading lower amid strength in the dollar and increased fears of an economic slowdown as investors continue to assess Wednesday's Fed commentary and 75 bps rate hike.

Based on WallStreetZen's Valuation Score, the 3 most undervalued oil & gas midstream stocks right now are:

Torm (NASDAQ:TRMD) is the most undervalued oil & gas midstream stock based on WallStreetZen's Valuation Score. Torm has a valuation score of 86, which is 50 points higher than the oil & gas midstream industry average of 36. It passed 6 out of 7 valuation due diligence checks.

Torm's stock has gained 145.01% in the past year. It has overperformed other stocks in the oil & gas midstream industry by 129 percentage points.

Plains All American Pipeline (NASDAQ:PAA) is the second most undervalued oil & gas midstream stock based on WallStreetZen's Valuation Score. Plains All American Pipeline has a valuation score of 86, which is 50 points higher than the oil & gas midstream industry average of 36. It passed 6 out of 7 valuation due diligence checks.

Plains All American Pipeline's stock has gained 6.29% in the past year. It has underperformed other stocks in the oil & gas midstream industry by -10 percentage points.

Global Partners (NYSE:GLP) is the third most undervalued oil & gas midstream stock based on WallStreetZen's Valuation Score. Global Partners has a valuation score of 71, which is 35 points higher than the oil & gas midstream industry average of 36. It passed 5 out of 7 valuation due diligence checks.

Global Partners's stock has gained 23.61% in the past year. It has overperformed other stocks in the oil & gas midstream industry by 7 percentage points.