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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
Dividends Score
Market Cap
Dividend Yield
Payout Ratio
Last Dividend
Annual Dividend
Dividend Percentile
Dividend Dropped Count (L10Y)
Ex-dividend Date
Div. Payment Date
FRO
FRONTLINE PLC
$5.21B9.28%73.60%$0.3700$2.1792%7
INSW
INTERNATIONAL SEAWAYS INC
$2.67B10.27%55.40%$1.3200$5.6193%4
TNK
TEEKAY TANKERS LTD
$1.96B3.47%13.30%$0.2500$2.0061%4
IMPP
IMPERIAL PETROLEUM INC/MARSHALL ISLANDS
$106.88MN/A0.00%N/AN/AN/AN/A
TRMD
TORM PLC
$2.92B17.09%90.50%$1.3600$5.7898%2
LPG
DORIAN LPG LTD
$1.67B9.73%52.80%$1.0000$4.0093%12024-05-072024-05-30
NVGS
NAVIGATOR HOLDINGS LTD
$1.11B0.99%9.00%$0.0500$0.1518%0
EPD
ENTERPRISE PRODUCTS PARTNERS LP
$60.15B7.32%79.60%$0.5150$2.0388%02024-05-14
TNP
TSAKOS ENERGY NAVIGATION LTD
$758.88M3.89%11.10%$0.3000$1.0066%4
CQP
CHENIERE ENERGY PARTNERS LP
$23.75B6.30%44.50%$1.0300$3.0985%02024-05-082024-05-15
STNG
SCORPIO TANKERS INC
$3.68B1.80%12.00%$0.4000$1.2535%1
FLNG
FLEX LNG LTD
$1.40B11.98%139.50%$0.7500$3.1395%3
LNG
CHENIERE ENERGY INC
$36.85B1.06%4.00%$0.4350$1.6619%02024-05-092024-05-17
WMB
WILLIAMS COMPANIES INC
$46.10B4.80%68.60%$0.4750$1.8276%12024-06-072024-06-24
TRP
TC ENERGY CORP
$37.07B8.55%136.50%$0.9600$3.0691%1
DHT
DHT HOLDINGS INC
$1.83B8.69%100.00%$0.2200$0.9991%10
EURN
EURONAV NV
$3.24B12.73%49.90%$0.5700$2.1296%8
GLP
GLOBAL PARTNERS LP
$1.60B5.78%72.00%$0.7000$2.7283%32024-05-082024-05-15
VNOM
VIPER ENERGY INC
$6.57B3.39%65.10%$0.5700$1.2660%82024-05-142024-05-22
TK
TEEKAY CORP
$683.46MN/A0.00%$0.0550N/AN/A1
WES
WESTERN MIDSTREAM PARTNERS LP
$13.07B7.53%98.40%$0.8750$2.5989%22024-05-15
ET
ENERGY TRANSFER LP
$52.13B8.04%113.20%$0.3150$1.2590%12024-05-102024-05-20
MPLX
MPLX LP
$42.26B7.81%83.80%$0.8500$3.2589%12024-05-022024-05-13
TRGP
TARGA RESOURCES CORP
$25.08B2.00%54.20%$0.7500$2.2540%12024-05-15
KNTK
KINETIK HOLDINGS INC
$5.72B9.91%57.10%$0.7500$3.7593%02024-05-09
PAA
PLAINS ALL AMERICAN PIPELINE LP
$11.87B6.91%80.00%$0.3175$1.1787%32024-05-15
ENB
ENBRIDGE INC
$75.65B7.43%124.10%$0.6799$2.6589%02024-05-142024-06-01
DLNG
DYNAGAS LNG PARTNERS LP
$135.80MN/A0.00%$0.0625N/AN/A3
MARPS
MARINE PETROLEUM TRUST
$8.59M9.72%105.60%$0.1016$0.4293%16
PBA
PEMBINA PIPELINE CORP
$19.06B6.20%88.10%$0.6675$2.1584%4
OKE
ONEOK INC
$44.89B5.06%91.70%$0.9900$3.8978%02024-05-15
ENLC
ENLINK MIDSTREAM LLC
$5.81B4.00%147.10%$0.1325$0.5268%22024-05-14
OSG
OVERSEAS SHIPHOLDING GROUP INC
$435.65M1.95%7.50%$0.0600$0.1239%1
PAGP
PLAINS GP HOLDINGS LP
$3.50B3.01%79.40%$0.2675$0.5454%3
HESM
HESS MIDSTREAM LP
$7.58B1.80%56.20%$0.6011$0.6035%0
DTM
DT MIDSTREAM INC
$5.98BN/A33.50%$0.6400N/AN/A0
KMI
KINDER MORGAN INC
$40.46B6.23%103.70%$0.2875$1.1484%12024-05-15
AM
ANTERO MIDSTREAM CORP
$6.59B1.64%55.60%$0.2250$0.2332%1
NS
NUSTAR ENERGY LP
$2.83B7.15%615.40%$0.4000$1.6088%2
BANL
CBL INTERNATIONAL LTD
$26.25MN/A0.00%N/AN/AN/AN/A
ETRN
EQUITRANS MIDSTREAM CORP
$5.68B4.58%65.90%$0.1500$0.6074%12024-05-062024-05-15
GEL
GENESIS ENERGY LP
$1.44B5.10%272.70%$0.1500$0.6078%22024-05-15
MMLP
MARTIN MIDSTREAM PARTNERS LP
$105.69M0.74%20.00%$0.0050$0.0213%42024-05-072024-05-15
PBT
PERMIAN BASIN ROYALTY TRUST
$534.14M5.91%99.80%$0.0882$0.6883%62024-05-14
GLNG
GOLAR LNG LTD
$2.57B4.07%-227.30%$0.2500$1.0069%1
VIK
VIKING HOLDINGS LTD
N/AN/A0.00%N/AN/AN/AN/A
SMLP
SUMMIT MIDSTREAM PARTNERS LP
$289.35MN/A0.00%$1.8750N/AN/A2
NGL
NGL ENERGY PARTNERS LP
$764.60MN/A0.00%$0.1000N/AN/A3
BROG
BROOGE ENERGY LTD
$117.81MN/AN/AN/AN/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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Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.