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Best Oil & Gas Midstream Stocks to Buy Now (2024)

Top oil & gas midstream stocks in 2024 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:

Tsakos Energy Navigation (NYSE:TEN) is the top oil & gas midstream stock with a Zen Score of 63, which is 27 points higher than the oil & gas midstream industry average of 36. It passed 23 out of 38 due diligence checks and has strong fundamentals. Tsakos Energy Navigation has seen its stock return 19.26% over the past year, underperforming other oil & gas midstream stocks by -7 percentage points.

Tsakos Energy Navigation has an average 1 year price target of $30.00, an upside of 30.61% from Tsakos Energy Navigation's current stock price of $22.97.

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

Frontline (NYSE:FRO) is the second best oil & gas midstream stock with a Zen Score of 60, which is 24 points higher than the oil & gas midstream industry average of 36. It passed 23 out of 38 due diligence checks and has strong fundamentals. Frontline has seen its stock return 30.46% over the past year, overperforming other oil & gas midstream stocks by 5 percentage points.

Frontline has an average 1 year price target of $31.00, an upside of 42.2% from Frontline's current stock price of $21.80.

Frontline stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Frontline, 50% have issued a Strong Buy rating, 50% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Dorian Lpg (NYSE:LPG) is the third best oil & gas midstream stock with a Zen Score of 57, which is 21 points higher than the oil & gas midstream industry average of 36. It passed 22 out of 38 due diligence checks and has strong fundamentals. Dorian Lpg has seen its stock return 20.94% over the past year, underperforming other oil & gas midstream stocks by -5 percentage points.

Dorian Lpg has an average 1 year price target of $50.00, an upside of 47.23% from Dorian Lpg's current stock price of $33.96.

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

Out of 33 oil & gas midstream stocks that have issued dividends in the past year, the 3 oil & gas midstream stocks with the highest dividend yields are:

Torm (NASDAQ:TRMD) has an annual dividend yield of 18.79%, which is 13 percentage points higher than the oil & gas midstream industry average of 6.24%. Torm's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Torm's dividend has shown consistent growth over the last 10 years.

Torm's dividend payout ratio of 75% indicates that its high dividend yield is sustainable for the long-term.

Flex Lng (NYSE:FLNG) has an annual dividend yield of 12.45%, which is 6 percentage points higher than the oil & gas midstream industry average of 6.24%. Flex Lng's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Flex Lng's dividend has shown consistent growth over the last 10 years.

Flex Lng's dividend payout ratio of 140.8% indicates that its high dividend yield might not be sustainable for the long-term.

International Seaways (NYSE:INSW) has an annual dividend yield of 11.9%, which is 6 percentage points higher than the oil & gas midstream industry average of 6.24%. International Seaways's dividend payout is not stable, having dropped more than 10% four times in the last 10 years. International Seaways's dividend has shown consistent growth over the last 10 years.

International Seaways's dividend payout ratio of 54.3% indicates that its high dividend yield is sustainable for the long-term.

Oil & gas midstream stocks were down -0.77% in the last day, and down -1.96% over the last week. Tc Energy was the among the top losers in the oil & gas midstream industry, dropping -2.72% yesterday.

TC Energy shares are trading lower after the company announced delays in an equity interest purchase transaction due to structuring issue within NGTL Partnership.

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

Plains All American Pipeline (NASDAQ:PAA) is the most undervalued oil & gas midstream stock based on WallStreetZen's Valuation Score. Plains All American Pipeline has a valuation score of 71, which is 37 points higher than the oil & gas midstream industry average of 34. It passed 5 out of 7 valuation due diligence checks.

Plains All American Pipeline's stock has gained 16.46% in the past year. It has underperformed other stocks in the oil & gas midstream industry by -9 percentage points.

Tsakos Energy Navigation (NYSE:TEN) is the second most undervalued oil & gas midstream stock based on WallStreetZen's Valuation Score. Tsakos Energy Navigation has a valuation score of 71, which is 37 points higher than the oil & gas midstream industry average of 34. It passed 5 out of 7 valuation due diligence checks.

Tsakos Energy Navigation's stock has gained 19.26% in the past year. It has underperformed other stocks in the oil & gas midstream industry by -7 percentage points.

Dynagas Lng Partners (NYSE:DLNG) is the third most undervalued oil & gas midstream stock based on WallStreetZen's Valuation Score. Dynagas Lng Partners has a valuation score of 71, which is 37 points higher than the oil & gas midstream industry average of 34. It passed 5 out of 7 valuation due diligence checks.

Dynagas Lng Partners's stock has gained 42.31% in the past year. It has overperformed other stocks in the oil & gas midstream industry by 16 percentage points.