Sectors & IndustriesEnergyOil & Gas Midstream

Best Oil & Gas Midstream Stocks to Buy Now (2023)

Top oil & gas midstream stocks in 2023 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:

Global Partners (NYSE:GLP) is the top oil & gas midstream stock with a Zen Score of 65, which is 31 points higher than the oil & gas midstream industry average of 34. It passed 24 out of 38 due diligence checks and has strong fundamentals. Global Partners has seen its stock return 3.36% over the past year, underperforming other oil & gas midstream stocks by -2 percentage points.

Global Partners has an average 1 year price target of $35.00, an upside of 17.14% from Global Partners's current stock price of $29.88.

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

Torm (NASDAQ:TRMD) is the second best oil & gas midstream stock with a Zen Score of 62, which is 28 points higher than the oil & gas midstream industry average of 34. It passed 23 out of 38 due diligence checks and has strong fundamentals. Torm has seen its stock return 281.08% over the past year, overperforming other oil & gas midstream stocks by 275 percentage points.

Torm has an average 1 year price target of $16.00, a downside of -51.57% from Torm's current stock price of $33.04.

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.

Western Midstream Partners (NYSE:WES) is the third best oil & gas midstream stock with a Zen Score of 57, which is 23 points higher than the oil & gas midstream industry average of 34. It passed 21 out of 38 due diligence checks and has strong fundamentals. Western Midstream Partners has seen its stock lose -1.39% over the past year, underperforming other oil & gas midstream stocks by -7 percentage points.

Western Midstream Partners has an average 1 year price target of $33.00, an upside of 33.28% from Western Midstream Partners's current stock price of $24.76.

Western Midstream Partners stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Western Midstream Partners, 77.78% have issued a Strong Buy rating, 0% have issued a Buy, 22.22% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 37 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 26.62%, which is 20 percentage points higher than the oil & gas midstream industry average of 7.08%.

Dorian Lpg's dividend payout ratio of 136.8% 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 14.49%, which is 7 percentage points higher than the oil & gas midstream industry average of 7.08%. 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 104.9% indicates that its high dividend yield might not be sustainable for the long-term.

Kinetik Holdings (NYSE:KNTK) has an annual dividend yield of 12.43%, which is 5 percentage points higher than the oil & gas midstream industry average of 7.08%.

Kinetik Holdings's dividend payout ratio of 202.7% indicates that its high dividend yield might not be sustainable for the long-term.

Oil & gas midstream stocks were up 0.25% in the last day, and up 0.92% over the last week.

We couldn't find a catalyst for why oil & gas midstream stocks are up.

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 49 points higher than the oil & gas midstream industry average of 37. It passed 6 out of 7 valuation due diligence checks.

Torm's stock has gained 281.08% in the past year. It has overperformed other stocks in the oil & gas midstream industry by 275 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 71, which is 34 points higher than the oil & gas midstream industry average of 37. It passed 5 out of 7 valuation due diligence checks.

Plains All American Pipeline's stock has gained 4.34% in the past year. It has underperformed other stocks in the oil & gas midstream industry by -1 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 34 points higher than the oil & gas midstream industry average of 37. It passed 5 out of 7 valuation due diligence checks.

Global Partners's stock has gained 3.36% in the past year. It has underperformed other stocks in the oil & gas midstream industry by -2 percentage points.