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:

International Seaways (NYSE:INSW) is the top 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 42.81% over the past year, overperforming other oil & gas midstream stocks by 18 percentage points.

International Seaways has an average 1 year price target of $65.00, an upside of 16.61% from International Seaways's current stock price of $55.74.

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.

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 61.01% over the past year, overperforming other oil & gas midstream stocks by 36 percentage points.

Frontline has an average 1 year price target of $26.10, an upside of 6.23% from Frontline's current stock price of $24.57.

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.

Imperial Petroleum /Marshall Islands (NASDAQ:IMPP) 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 18 out of 33 due diligence checks and has strong fundamentals. Imperial Petroleum /Marshall Islands has seen its stock return 61.88% over the past year, overperforming other oil & gas midstream stocks by 37 percentage points.

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:

Torm (NASDAQ:TRMD) has an annual dividend yield of 16.72%, which is 11 percentage points higher than the oil & gas midstream industry average of 6.05%. 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.

Flex Lng (NYSE:FLNG) has an annual dividend yield of 11.79%, which is 6 percentage points higher than the oil & gas midstream industry average of 6.05%. 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.

International Seaways (NYSE:INSW) has an annual dividend yield of 10.06%, which is 4 percentage points higher than the oil & gas midstream industry average of 6.05%. 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.

Oil & gas midstream stocks were up 1.79% in the last day, and down -0.6% over the last week. Viking Holdings was the among the top gainers in the oil & gas midstream industry, gaining 3.41% yesterday.

Viking Holdings shares are trading higher on post-IPO volatility.

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

International Seaways (NYSE:INSW) is the 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 42.81% in the past year. It has overperformed other stocks in the oil & gas midstream industry by 18 percentage points.

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 61.88% in the past year. It has overperformed other stocks in the oil & gas midstream industry by 37 percentage points.

Plains All American Pipeline (NASDAQ:PAA) is the third 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 38.73% in the past year. It has overperformed other stocks in the oil & gas midstream industry by 14 percentage points.