Sectors & IndustriesEnergyOil & Gas Midstream

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:

Teekay Tankers (NYSE:TNK) 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. Teekay Tankers has seen its stock return 76.37% over the past year, overperforming other oil & gas midstream stocks by 43 percentage points.

Teekay Tankers has an average 1 year price target of $76.00, an upside of 5.2% from Teekay Tankers's current stock price of $72.24.

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.

Frontline (NYSE:FRO) is the second best oil & gas midstream stock with a Zen Score of 59, which is 23 points higher than the oil & gas midstream industry average of 36. It passed 22 out of 38 due diligence checks and has strong fundamentals. Frontline has seen its stock return 84.47% over the past year, overperforming other oil & gas midstream stocks by 51 percentage points.

Frontline has an average 1 year price target of $26.10, a downside of -4.47% from Frontline's current stock price of $27.32.

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.

International Seaways (NYSE:INSW) is the third best oil & gas midstream stock with a Zen Score of 56, which is 20 points higher than the oil & gas midstream industry average of 36. It passed 20 out of 38 due diligence checks and has strong fundamentals. International Seaways has seen its stock return 67.02% over the past year, overperforming other oil & gas midstream stocks by 34 percentage points.

International Seaways has an average 1 year price target of $66.00, an upside of 3.94% from International Seaways's current stock price of $63.50.

International Seaways stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 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.

Out of 36 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 15.25%, which is 10 percentage points higher than the oil & gas midstream industry average of 5.39%. 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 73.1% indicates that its high dividend yield is sustainable for the long-term.

Flex Lng (NYSE:FLNG) has an annual dividend yield of 10.69%, which is 5 percentage points higher than the oil & gas midstream industry average of 5.39%. 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.

Marine Petroleum Trust (NASDAQ:MARPS) has an annual dividend yield of 9.7%, which is 4 percentage points higher than the oil & gas midstream industry average of 5.39%. Marine Petroleum Trust's dividend payout is not stable, having dropped more than 10% sixteen times in the last 10 years. Marine Petroleum Trust's dividend has not shown consistent growth over the last 10 years.

Marine Petroleum Trust's dividend payout ratio of 104.2% indicates that its high dividend yield might not be sustainable for the long-term.

Oil & gas midstream stocks were up 0.4% in the last day, and up 1.41% 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:

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 86, which is 46 points higher than the oil & gas midstream industry average of 40. It passed 6 out of 7 valuation due diligence checks.

Plains All American Pipeline's stock has gained 31.15% in the past year. It has underperformed other stocks in the oil & gas midstream industry by -2 percentage points.

International Seaways (NYSE:INSW) is the second 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 67.02% in the past year. It has overperformed other stocks in the oil & gas midstream industry by 34 percentage points.

Teekay Tankers (NYSE:TNK) is the third most undervalued oil & gas midstream stock based on WallStreetZen's Valuation Score. Teekay Tankers 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.

Teekay Tankers's stock has gained 76.37% in the past year. It has overperformed other stocks in the oil & gas midstream industry by 43 percentage points.