Sectors & Industries EnergyOil & 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.

Industry: Oil & Gas Midstream

Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Price	Graham Fair Value	Graham Fair Value %	P/E	Forward P/E	P/S	P/B	PEG	Free Cash Flow	Free Cash Flow Yield	Book Value	BVPS	EV	EV/EBITDA
TNK	TEEKAY TANKERS LTD	$71.83	$214.64	-66.53%	5.02x	12.15x	1.88x	1.48x	0.18x	$601.51M	24.44%	$1.67B	48.60	$2.15B	3.53
FRO	FRONTLINE PLC	$27.48	$44.90	-38.80%	9.32x	N/A	3.35x	2.71x	0.33x	-$632.50M	-10.34%	$2.26B	10.15	$9.27B	8.75
TRMD	TORM PLC	$38.16	$105.88	-63.96%	4.82x	N/A	2.23x	1.70x	0.21x	$297.90M	8.47%	$2.06B	22.38	$4.26B	4.76
INSW	INTERNATIONAL SEAWAYS INC	$63.31	$325.18	-80.53%	5.87x	12.34x	2.93x	1.74x	0.08x	$503.50M	16.24%	$1.79B	36.65	$3.70B	5.08
LPG	DORIAN LPG LTD	$43.73	N/A	N/A	5.78x	41.65x	3.19x	1.80x	N/A	$265.63M	15.05%	$984.06M	24.39	$2.38B	5.47
TNP	TSAKOS ENERGY NAVIGATION LTD	$30.17	$165.33	-81.75%	3.34x	7.05x	1.00x	0.55x	0.09x	$262.84M	29.53%	$1.62B	54.86	$2.12B	4.04
TK	TEEKAY CORP	$9.23	$23.97	-61.49%	5.49x	N/A	0.61x	1.07x	0.22x	$645.09M	75.31%	$786.34M	8.47	$354.49M	1.26
EPD	ENTERPRISE PRODUCTS PARTNERS LP	$28.56	$17.54	62.87%	11.24x	10.86x	1.19x	2.24x	2.78x	$4.44B	7.15%	$27.68B	12.75	$91.07B	10.06
TRP	TC ENERGY CORP	$38.91	$48.26	-19.38%	20.49x	11.18x	3.43x	1.85x	0.36x	-$397.83M	-0.98%	$21.81B	21.03	$84.84B	11.87
TRGP	TARGA RESOURCES CORP	$117.67	$86.74	35.66%	24.06x	16.19x	1.63x	9.65x	0.69x	$344.10M	1.31%	$2.70B	12.14	$39.04B	10.99
FLNG	FLEX LNG LTD	$29.43	$39.23	-24.98%	13.14x	9.23x	4.26x	1.87x	0.38x	$175.03M	11.07%	$847.65M	15.77	$2.98B	9.87
NVGS	NAVIGATOR HOLDINGS LTD	$16.69	$16.66	0.20%	14.26x	10.84x	2.23x	1.01x	0.57x	$156.18M	12.78%	$1.21B	16.56	$1.88B	6.50
DHT	DHT HOLDINGS INC	$12.49	$7.60	64.30%	11.90x	11.25x	3.50x	1.94x	2.38x	$137.58M	6.83%	$1.04B	6.44	$2.34B	7.39
LNG	CHENIERE ENERGY INC	$160.16	$557.07	-71.25%	7.72x	30.74x	2.16x	8.63x	0.13x	$4.18B	11.15%	$4.25B	18.15	$60.24B	6.55
WES	WESTERN MIDSTREAM PARTNERS LP	$38.04	$25.97	46.47%	10.69x	10.09x	4.43x	4.47x	2.07x	$1.00B	6.94%	$3.24B	8.52	$21.56B	9.09
VNOM	VIPER ENERGY INC	$37.67	N/A	N/A	13.85x	18.47x	3.82x	6.17x	N/A	-$164.54M	-4.99%	$1.08B	12.33	$7.74B	16.14
EURN	EURONAV NV	$20.70	$93.06	-77.76%	3.54x	9.67x	2.17x	2.08x	0.12x	$2.96B	70.94%	$1.94B	9.63	$4.91B	3.15
KNTK	KINETIK HOLDINGS INC	$40.46	N/A	N/A	7.48x	12.45x	1.78x	-6.39x	N/A	$306.62M	13.10%	-$973.44M	-16.82	$9.75B	14.83
MPLX	MPLX LP	$40.45	N/A	N/A	10.43x	12.04x	3.57x	3.20x	N/A	$4.46B	10.95%	$12.85B	12.75	$61.45B	10.40
ET	ENERGY TRANSFER LP	$15.96	$11.25	41.88%	14.64x	12.57x	0.66x	1.50x	1.06x	$6.90B	12.83%	$35.93B	10.66	$106.07B	9.10
PAA	PLAINS ALL AMERICAN PIPELINE LP	$17.37	$15.71	10.58%	14.85x	11.58x	0.25x	1.18x	0.65x	$1.50B	12.33%	$10.34B	14.75	$19.97B	7.73
IMPP	IMPERIAL PETROLEUM INC/MARSHALL ISLANDS	$4.01	N/A	N/A	2.42x	N/A	0.69x	0.32x	N/A	-$3.40M	-3.07%	$376.88M	13.65	$52.72M	0.77
DLNG	DYNAGAS LNG PARTNERS LP	$3.99	$9.43	-57.68%	6.05x	4.59x	0.91x	0.33x	0.24x	$60.15M	40.95%	$448.24M	12.18	$492.67M	4.59
MARPS	MARINE PETROLEUM TRUST	$4.45	$2.60	71.43%	11.13x	N/A	7.89x	9.81x	3.89x	N/A	N/A	$906.80k	0.45	$7.99M	N/A
STNG	SCORPIO TANKERS INC	$81.69	N/A	N/A	7.25x	17.88x	3.02x	1.48x	N/A	$889.42M	21.82%	$2.76B	55.23	$5.08B	5.38
WMB	WILLIAMS COMPANIES INC	$41.27	N/A	N/A	17.34x	24.86x	4.74x	4.04x	N/A	$3.09B	6.15%	$12.45B	10.22	$76.52B	10.64
OSG	OVERSEAS SHIPHOLDING GROUP INC	$6.86	$14.09	-51.30%	8.07x	N/A	1.08x	1.36x	0.25x	$55.89M	11.33%	$362.87M	5.05	$999.32M	4.15
EE	EXCELERATE ENERGY INC	$18.65	$18.85	-1.08%	16.36x	15.41x	0.43x	3.98x	0.52x	-$56.73M	-11.62%	$501.56M	19.17	$2.15B	8.64
PBA	PEMBINA PIPELINE CORP	$36.94	$23.24	58.92%	16.17x	13.94x	3.32x	1.75x	1.21x	$1.43B	7.05%	$11.62B	21.17	$27.70B	11.72
ENB	ENBRIDGE INC	$36.75	$19.31	90.33%	18.92x	15.12x	2.51x	1.67x	1.49x	$6.26B	8.01%	$46.91B	22.06	$141.05B	12.04
GLP	GLOBAL PARTNERS LP	$44.48	$24.60	80.79%	16.47x	N/A	0.09x	1.98x	1.59x	-$34.59M	-2.29%	$764.00M	22.50	$3.19B	9.51
ENLC	ENLINK MIDSTREAM LLC	$13.67	$9.81	39.35%	39.06x	19.81x	0.91x	6.88x	0.61x	$788.50M	12.78%	$896.20M	1.99	$10.72B	9.39
OKE	ONEOK INC	$82.63	$24.73	234.08%	19.49x	19.13x	2.69x	2.93x	19.78x	$1.98B	4.10%	$16.45B	28.15	$70.16B	14.54
CQP	CHENIERE ENERGY PARTNERS LP	$49.52	$39.97	23.90%	10.70x	16.08x	2.65x	-29.16x	1.19x	$2.76B	11.53%	-$822.00M	-1.70	$39.42B	8.78
DTM	DT MIDSTREAM INC	$66.88	$26.03	156.90%	16.23x	15.81x	6.89x	1.56x	6.84x	$153.00M	2.36%	$4.17B	42.95	$9.63B	11.27
PAGP	PLAINS GP HOLDINGS LP	$18.40	N/A	N/A	21.15x	54.12x	0.07x	2.39x	N/A	$1.50B	41.27%	$1.52B	7.71	$11.42B	6.58
BANL	CBL INTERNATIONAL LTD	$1.05	N/A	N/A	23.33x	N/A	0.06x	1.04x	N/A	-$10.81M	-41.14%	$25.31M	1.01	$19.22M	9.69
KMI	KINDER MORGAN INC	$19.70	$8.42	134.07%	18.07x	16.84x	2.86x	1.44x	2.83x	$3.89B	8.89%	$30.37B	13.68	$75.75B	10.40
AM	ANTERO MIDSTREAM CORP	$14.92	$7.14	109.00%	18.42x	16.58x	6.75x	3.34x	1.94x	$629.01M	8.79%	$2.15B	4.48	$10.33B	11.79
ETRN	EQUITRANS MIDSTREAM CORP	$13.90	N/A	N/A	15.27x	16.95x	4.37x	5.60x	N/A	$573.03M	9.49%	$1.08B	2.48	$13.77B	11.06
HESM	HESS MIDSTREAM LP	$35.42	$21.80	62.50%	15.95x	14.00x	1.90x	19.58x	1.29x	$639.00M	24.02%	$404.30M	5.38	$11.24B	19.75
GEL	GENESIS ENERGY LP	$13.10	$2.66	393.33%	38.53x	N/A	0.51x	3.22x	5.81x	-$113.18M	-7.05%	$498.91M	4.07	$5.41B	8.14
SMLP	SUMMIT MIDSTREAM PARTNERS LP	$33.05	N/A	N/A	4.26x	-7.67x	0.74x	0.41x	N/A	$51.96M	15.05%	$848.61M	81.22	$1.16B	3.18
MMLP	MARTIN MIDSTREAM PARTNERS LP	$3.02	N/A	N/A	30.20x	N/A	0.16x	-1.92x	N/A	$62.03M	52.91%	-$61.50M	-1.58	$591.36M	5.06
PBT	PERMIAN BASIN ROYALTY TRUST	$13.26	$3.79	250.19%	21.39x	N/A	20.65x	2,948.28x	12.10x	N/A	N/A	$209.63k	0.00	$615.01M	N/A
GLNG	GOLAR LNG LTD	$26.90	N/A	N/A	-61.14x	12.45x	9.43x	-1.36x	N/A	$132.68M	4.72%	-$2.07B	-19.77	$3.26B	604.42
NGL	NGL ENERGY PARTNERS LP	$5.70	N/A	N/A	-9.50x	N/A	0.10x	0.89x	N/A	$387.36M	51.40%	$844.94M	6.39	$3.54B	6.04
BROG	BROOGE ENERGY LTD	$1.01	N/A	N/A	N/A	N/A	N/A	0.78x	N/A	N/A	N/A	$142.46M	1.30	$368.37M	N/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. Teekay Tankers (NYSE:TNK)

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 78.55% over the past year, overperforming other oil & gas midstream stocks by 45 percentage points.

Teekay Tankers has an average 1 year price target of $76.00, an upside of 5.81% from Teekay Tankers's current stock price of $71.83.

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.

2. Frontline (NYSE:FRO)

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 87.58% over the past year, overperforming other oil & gas midstream stocks by 54 percentage points.

Frontline has an average 1 year price target of $26.10, a downside of -5.02% from Frontline's current stock price of $27.48.

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.

3. International Seaways (NYSE:INSW)

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 66.3% over the past year, overperforming other oil & gas midstream stocks by 33 percentage points.

International Seaways has an average 1 year price target of $66.00, an upside of 4.25% from International Seaways's current stock price of $63.31.

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.

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

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:

1. Torm (NASDAQ:TRMD)

Torm (NASDAQ:TRMD) has an annual dividend yield of 15.15%, which is 10 percentage points higher than the oil & gas midstream industry average of 5.35%. 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.

2. Flex Lng (NYSE:FLNG)

Flex Lng (NYSE:FLNG) has an annual dividend yield of 10.62%, which is 5 percentage points higher than the oil & gas midstream industry average of 5.35%. 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. Marine Petroleum Trust (NASDAQ:MARPS)

Marine Petroleum Trust (NASDAQ:MARPS) has an annual dividend yield of 9.38%, which is 4 percentage points higher than the oil & gas midstream industry average of 5.35%. 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.

Why are oil & gas midstream stocks up?

Oil & gas midstream stocks were up 0.73% in the last day, and up 2.45% over the last week.

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

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 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 30.6% in the past year. It has underperformed other stocks in the oil & gas midstream industry by -3 percentage points.

2. International Seaways (NYSE:INSW)

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 66.3% in the past year. It has overperformed other stocks in the oil & gas midstream industry by 33 percentage points.

3. Teekay Tankers (NYSE:TNK)

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 78.55% in the past year. It has overperformed other stocks in the oil & gas midstream industry by 45 percentage points.

Are oil & gas midstream stocks a good buy now?

46.88% 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 7.63% 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 15.15x.

WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

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.