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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.

Industry: Oil & Gas Midstream
Ticker
Company
Financials Score
Market Cap
ROE
ROA
ROCE
ROIC
D/E
Current Ratio
Gross Margin
Profit Margin
Operating Margin
FRO
FRONTLINE PLC
$5.21B33.60%12.30%15.13%11.10%1.601.7856.50%35.90%45.34%
INSW
INTERNATIONAL SEAWAYS INC
$2.67B34.00%21.60%26.91%20.10%0.472.3870.60%51.90%58.42%
TNK
TEEKAY TANKERS LTD
$1.96B37.10%28.30%31.76%31.90%0.234.4149.10%37.60%40.37%
IMPP
IMPERIAL PETROLEUM INC/MARSHALL ISLANDS
$106.88M20.60%18.90%20.14%29.40%0.0412.6148.40%38.70%39.71%
TRMD
TORM PLC
$2.92B40.20%22.70%27.38%21.40%0.722.6057.50%42.60%46.91%
LPG
DORIAN LPG LTD
$1.67B33.20%17.30%20.04%15.00%0.853.3178.20%55.00%62.25%
NVGS
NAVIGATOR HOLDINGS LTD
$1.11B7.00%3.70%7.51%5.40%0.821.3854.40%14.90%27.50%
EPD
ENTERPRISE PRODUCTS PARTNERS LP
$60.15B20.40%8.00%11.83%9.00%1.530.9313.50%11.10%13.77%
TNP
TSAKOS ENERGY NAVIGATION LTD
$758.88M17.30%8.00%13.19%9.40%1.061.5857.80%30.00%45.08%
CQP
CHENIERE ENERGY PARTNERS LP
$23.75B-453.40%22.80%30.70%15.80%-24.091.0160.20%44.00%52.54%
STNG
SCORPIO TANKERS INC
$3.68B21.90%12.50%19.64%14.00%0.661.1375.50%40.80%54.44%
FLNG
FLEX LNG LTD
$1.40B13.90%4.30%8.95%5.70%2.202.8981.10%32.40%61.68%
LNG
CHENIERE ENERGY INC
$36.85B282.80%23.70%34.55%22.40%6.731.6384.40%48.50%66.40%
WMB
WILLIAMS COMPANIES INC
$46.10B26.60%6.30%11.58%8.80%3.040.7763.20%29.10%49.69%
TRP
TC ENERGY CORP
$37.07B8.60%2.30%6.29%4.60%2.910.9666.10%17.80%44.73%
DHT
DHT HOLDINGS INC
$1.83B15.50%10.80%13.59%11.30%0.453.5457.00%28.80%34.80%
EURN
EURONAV NV
$3.24B38.40%22.10%34.59%22.50%0.453.8476.80%52.60%63.52%
GLP
GLOBAL PARTNERS LP
$1.60B16.50%4.10%10.00%7.80%3.301.125.90%0.80%1.49%
VNOM
VIPER ENERGY INC
$6.57B26.10%6.10%7.48%7.40%1.104.3293.90%24.20%35.63%
TK
TEEKAY CORP
$683.46M21.80%7.00%9.43%10.20%0.545.3446.30%10.30%13.02%
WES
WESTERN MIDSTREAM PARTNERS LP
$13.07B34.50%8.60%12.31%8.10%3.260.7670.20%32.10%44.26%
ET
ENERGY TRANSFER LP
$52.13B10.20%3.20%6.65%5.00%1.901.1023.00%4.40%8.67%
MPLX
MPLX LP
$42.26B31.70%10.80%13.95%10.20%1.780.7258.90%34.20%40.95%
TRGP
TARGA RESOURCES CORP
$25.08B31.90%4.20%13.38%8.80%5.860.8026.80%5.20%14.92%
KNTK
KINETIK HOLDINGS INC
$5.72B-53.10%6.20%5.75%4.00%-7.291.0344.40%30.80%28.61%
PAA
PLAINS ALL AMERICAN PIPELINE LP
$11.87B9.40%3.60%7.77%6.20%1.310.985.70%2.00%3.57%
ENB
ENBRIDGE INC
$75.65B9.40%3.30%7.26%5.80%1.890.8351.10%13.40%27.09%
DLNG
DYNAGAS LNG PARTNERS LP
$135.80M8.10%3.90%16.68%5.80%1.030.2376.50%22.30%46.79%
MARPS
MARINE PETROLEUM TRUST
$8.59M93.00%93.00%90.64%12,876,771.40%0.00N/A100.00%76.30%76.33%
PBA
PEMBINA PIPELINE CORP
$19.06B10.50%5.30%8.60%7.40%1.060.8231.10%18.10%27.69%
OKE
ONEOK INC
$44.89B15.90%5.70%9.86%7.80%1.700.7034.60%12.50%22.11%
ENLC
ENLINK MIDSTREAM LLC
$5.81B15.70%1.90%6.64%4.30%6.240.7830.20%2.40%7.07%
OSG
OVERSEAS SHIPHOLDING GROUP INC
$435.65M17.80%5.70%11.39%7.20%2.050.6842.60%13.80%22.92%
PAGP
PLAINS GP HOLDINGS LP
$3.50B12.80%0.70%3.28%2.70%8.800.985.70%0.40%1.59%
HESM
HESS MIDSTREAM LP
$7.58B38.30%3.20%9.37%5.10%10.070.6576.80%8.80%24.88%
DTM
DT MIDSTREAM INC
$5.98B9.70%4.50%7.51%7.00%1.120.7174.40%42.50%68.79%
KMI
KINDER MORGAN INC
$40.46B8.10%3.50%7.57%6.80%1.280.5047.00%16.10%32.77%
AM
ANTERO MIDSTREAM CORP
$6.59B18.10%6.80%13.08%9.60%1.671.2580.30%36.70%69.56%
NS
NUSTAR ENERGY LP
$2.83B21.20%4.30%9.98%6.80%3.770.8136.90%12.90%28.35%
BANL
CBL INTERNATIONAL LTD
$26.25M6.10%2.90%6.55%12.80%1.111.861.70%0.30%0.38%
ETRN
EQUITRANS MIDSTREAM CORP
$5.68B38.60%3.50%7.96%5.30%8.950.6386.90%28.50%64.97%
GEL
GENESIS ENERGY LP
$1.44B5.00%0.40%5.99%4.00%10.061.0021.30%0.80%11.41%
MMLP
MARTIN MIDSTREAM PARTNERS LP
$105.69M-5.80%0.70%16.03%7.70%-9.331.2555.40%0.50%9.15%
PBT
PERMIAN BASIN ROYALTY TRUST
$534.14M13,651.80%758.30%N/A13,651.80%27.32N/A100.00%96.20%96.16%
GLNG
GOLAR LNG LTD
$2.57BN/A-1.10%-1.27%-1.10%-0.721.4968.70%-15.70%-15.05%
VIK
VIKING HOLDINGS LTD
N/AN/AN/A-31.79%N/A-2.590.5439.50%-39.50%-27.88%
SMLP
SUMMIT MIDSTREAM PARTNERS LP
$289.35M-8.60%-2.50%3.80%2.50%2.300.7353.50%-13.70%19.52%
NGL
NGL ENERGY PARTNERS LP
$764.60M-9.90%-1.40%7.01%5.50%5.331.2314.10%-1.10%4.06%
BROG
BROOGE ENERGY LTD
$117.81MN/AN/AN/AN/A2.560.11N/AN/AN/A

Oil & Gas Midstream Stocks FAQ

What are the best oil & gas midstream stocks to buy right now in May 2024?

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

1. Frontline (NYSE:FRO)


Frontline (NYSE:FRO) is the top oil & gas midstream stock with a Zen Score of 62, which is 26 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 50.03% over the past year, overperforming other oil & gas midstream stocks by 31 percentage points.

Frontline has an average 1 year price target of $26.10, an upside of 11.59% from Frontline's current stock price of $23.39.

Frontline stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Frontline, 66.67% have issued a Strong Buy rating, 0% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. International Seaways (NYSE:INSW)


International Seaways (NYSE:INSW) is the second best oil & gas midstream stock with a Zen Score of 61, which is 25 points higher than the oil & gas midstream industry average of 36. It passed 22 out of 38 due diligence checks and has strong fundamentals. International Seaways has seen its stock return 36.77% over the past year, overperforming other oil & gas midstream stocks by 17 percentage points.

International Seaways has an average 1 year price target of $65.00, an upside of 18.96% from International Seaways's current stock price of $54.64.

International Seaways stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering International Seaways, 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.

3. Teekay Tankers (NYSE:TNK)


Teekay Tankers (NYSE:TNK) 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 21 out of 38 due diligence checks and has strong fundamentals. Teekay Tankers has seen its stock return 44.82% over the past year, overperforming other oil & gas midstream stocks by 25 percentage points.

Teekay Tankers has an average 1 year price target of $71.67, an upside of 24.4% from Teekay Tankers's current stock price of $57.61.

Teekay Tankers stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Teekay Tankers, 66.67% have issued a Strong Buy rating, 33.33% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the oil & gas midstream stocks with highest dividends?

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:

1. Torm (NASDAQ:TRMD)


Torm (NASDAQ:TRMD) has an annual dividend yield of 17.09%, which is 11 percentage points higher than the oil & gas midstream industry average of 6.1%. 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.

2. Flex Lng (NYSE:FLNG)


Flex Lng (NYSE:FLNG) has an annual dividend yield of 11.98%, which is 6 percentage points higher than the oil & gas midstream industry average of 6.1%. 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.

3. International Seaways (NYSE:INSW)


International Seaways (NYSE:INSW) has an annual dividend yield of 10.27%, which is 4 percentage points higher than the oil & gas midstream industry average of 6.1%. 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 55.4% indicates that its high dividend yield is sustainable for the long-term.

Why are oil & gas midstream stocks down?

Oil & gas midstream stocks were down -0.98% in the last day, and down -1.74% over the last week. Enlink Midstream was the among the top losers in the oil & gas midstream industry, dropping -6.2% yesterday.

Shares of oil and gas companies are trading lower amid weakness in oil following a build of US crude inventories.

What are the most undervalued oil & gas midstream stocks?

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

1. Plains All American Pipeline (NASDAQ:PAA)


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 31 points higher than the oil & gas midstream industry average of 40. It passed 5 out of 7 valuation due diligence checks.

Plains All American Pipeline's stock has gained 31.34% in the past year. It has overperformed other stocks in the oil & gas midstream industry by 12 percentage points.

2. Imperial Petroleum /Marshall Islands (NASDAQ:IMPP)


Imperial Petroleum /Marshall Islands (NASDAQ:IMPP) is the second most undervalued oil & gas midstream stock based on WallStreetZen's Valuation Score. Imperial Petroleum /Marshall Islands has a valuation score of 71, which is 31 points higher than the oil & gas midstream industry average of 40. It passed 5 out of 7 valuation due diligence checks.

Imperial Petroleum /Marshall Islands's stock has gained 40.04% in the past year. It has overperformed other stocks in the oil & gas midstream industry by 21 percentage points.

3. International Seaways (NYSE:INSW)


International Seaways (NYSE:INSW) is the third most undervalued oil & gas midstream stock based on WallStreetZen's Valuation Score. International Seaways has a valuation score of 71, which is 31 points higher than the oil & gas midstream industry average of 40. It passed 5 out of 7 valuation due diligence checks.

International Seaways's stock has gained 36.77% in the past year. It has overperformed other stocks in the oil & gas midstream industry by 17 percentage points.

Are oil & gas midstream stocks a good buy now?

45.45% of oil & gas midstream stocks rated by analysts are a strong buy right now. On average, analysts expect oil & gas midstream stocks to rise by 14.36% over the next year.

What is the average p/e ratio of the oil & gas midstream industry?

The average P/E ratio of the oil & gas midstream industry is 14.35x.
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