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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:

Euronav Nv (NYSE:EURN) is the top oil & gas midstream stock with a Zen Score of 60, which is 23 points higher than the oil & gas midstream industry average of 37. It passed 22 out of 38 due diligence checks and has strong fundamentals. Euronav Nv has seen its stock lose -10.5% over the past year, underperforming other oil & gas midstream stocks by -24 percentage points.

Euronav Nv has an average 1 year price target of $19.14, an upside of 16.92% from Euronav Nv's current stock price of $16.37.

Euronav Nv stock has a consensus Hold recommendation according to Wall Street analysts. Of the 4 analysts covering Euronav Nv, 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.

Torm (NASDAQ:TRMD) is the second best oil & gas midstream stock with a Zen Score of 57, which is 20 points higher than the oil & gas midstream industry average of 37. It passed 21 out of 38 due diligence checks and has strong fundamentals. Torm has seen its stock lose -10.11% over the past year, underperforming other oil & gas midstream stocks by -24 percentage points.

Torm has an average 1 year price target of $44.00, an upside of 36.77% from Torm's current stock price of $32.17.

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.

Imperial Petroleum /Marshall Islands (NASDAQ:IMPP) is the third best oil & gas midstream stock with a Zen Score of 57, which is 20 points higher than the oil & gas midstream industry average of 37. It passed 18 out of 33 due diligence checks and has strong fundamentals. Imperial Petroleum /Marshall Islands has seen its stock return 4.75% over the past year, underperforming other oil & gas midstream stocks by -9 percentage points.

Out of 38 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 17.97%, which is 12 percentage points higher than the oil & gas midstream industry average of 6.12%. 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 90.5% indicates that its high dividend yield might not be sustainable for the long-term.

Euronav Nv (NYSE:EURN) has an annual dividend yield of 12.96%, which is 7 percentage points higher than the oil & gas midstream industry average of 6.12%. Euronav Nv's dividend payout is not stable, having dropped more than 10% eight times in the last 10 years. Euronav Nv's dividend has shown consistent growth over the last 10 years.

Euronav Nv's dividend payout ratio of 49.9% 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 6 percentage points higher than the oil & gas midstream industry average of 6.12%. 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 139.5% indicates that its high dividend yield might not be sustainable for the long-term.

Oil & gas midstream stocks were down -0.1% in the last day, and down -2.38% over the last week.

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

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

Imperial Petroleum /Marshall Islands (NASDAQ:IMPP) is the most undervalued oil & gas midstream stock based on WallStreetZen's Valuation Score. Imperial Petroleum /Marshall Islands has a valuation score of 71, which is 32 points higher than the oil & gas midstream industry average of 39. It passed 5 out of 7 valuation due diligence checks.

Imperial Petroleum /Marshall Islands's stock has gained 4.75% in the past year. It has underperformed other stocks in the oil & gas midstream industry by -9 percentage points.

Torm (NASDAQ:TRMD) is the second most undervalued oil & gas midstream stock based on WallStreetZen's Valuation Score. Torm has a valuation score of 71, which is 32 points higher than the oil & gas midstream industry average of 39. It passed 5 out of 7 valuation due diligence checks.

Torm's stock has dropped -10.11% in the past year. It has underperformed other stocks in the oil & gas midstream industry by -24 percentage points.

Overseas Shipholding Group (NYSE:OSG) is the third most undervalued oil & gas midstream stock based on WallStreetZen's Valuation Score. Overseas Shipholding Group has a valuation score of 71, which is 32 points higher than the oil & gas midstream industry average of 39. It passed 5 out of 7 valuation due diligence checks.

Overseas Shipholding Group's stock has gained 54.43% in the past year. It has overperformed other stocks in the oil & gas midstream industry by 40 percentage points.