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

Overview Zen Score Price Valuation Financials Forecast

Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Market Cap	Price	Price Target	Upside/Downside	Consensus	Analysts	Fore. Revenue Growth	Fore. Earnings Growth	Forecast ROE	Forecast ROA
TNK	TEEKAY TANKERS LTD	$2.46B	$71.83	$76.00	5.81%	Strong Buy	3	-24.86%	N/A	N/A	N/A
FRO	FRONTLINE PLC	$6.12B	$27.48	$26.10	-5.02%	Strong Buy	3	-30.01%	N/A	N/A	N/A
TRMD	TORM PLC	$3.52B	$38.16	$44.00	15.30%	Buy	1	-16.51%	N/A	N/A	N/A
INSW	INTERNATIONAL SEAWAYS INC	$3.13B	$63.31	$66.00	4.25%	Strong Buy	3	-6.12%	N/A	N/A	N/A
LPG	DORIAN LPG LTD	$1.78B	$43.73	$47.00	7.48%	Buy	2	-14.81%	-86.13%	4.33%	2.34%
TNP	TSAKOS ENERGY NAVIGATION LTD	$890.18M	$30.17	$30.00	-0.56%	Strong Buy	1	0.53%	N/A	N/A	N/A
TK	TEEKAY CORP	$839.99M	$9.23	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPD	ENTERPRISE PRODUCTS PARTNERS LP	$62.02B	$28.56	$33.50	17.30%	Strong Buy	8	6.03%	4.49%	N/A	N/A
TRP	TC ENERGY CORP	$40.37B	$38.91	$43.50	11.80%	Sell	2	2.22%	63.25%	N/A	N/A
TRGP	TARGA RESOURCES CORP	$26.09B	$117.67	$120.75	2.62%	Strong Buy	12	4.85%	35.00%	N/A	N/A
FLNG	FLEX LNG LTD	$1.58B	$29.43	N/A	N/A	N/A	N/A	0.26%	42.41%	N/A	N/A
NVGS	NAVIGATOR HOLDINGS LTD	$1.22B	$16.69	$20.00	19.83%	Strong Buy	1	-4.81%	27.77%	N/A	N/A
DHT	DHT HOLDINGS INC	$2.02B	$12.49	$14.33	14.76%	Strong Buy	3	-9.40%	5.56%	N/A	N/A
LNG	CHENIERE ENERGY INC	$36.66B	$160.16	$196.50	22.69%	Strong Buy	6	10.59%	N/A	N/A	N/A
WES	WESTERN MIDSTREAM PARTNERS LP	$14.47B	$38.04	$34.00	-10.62%	Buy	4	6.69%	5.73%	N/A	N/A
VNOM	VIPER ENERGY INC	$6.66B	$37.67	$42.67	13.27%	Strong Buy	6	5.60%	-29.29%	N/A	N/A
EURN	EURONAV NV	$4.03B	$20.70	$19.19	-7.31%	Hold	3	-30.61%	N/A	N/A	N/A
KNTK	KINETIK HOLDINGS INC	$6.22B	$40.46	$40.29	-0.43%	Buy	7	20.53%	-55.11%	N/A	N/A
MPLX	MPLX LP	$41.11B	$40.45	$46.25	14.34%	Strong Buy	8	2.74%	-14.45%	N/A	N/A
ET	ENERGY TRANSFER LP	$53.79B	$15.96	$20.00	25.31%	Strong Buy	4	10.64%	15.34%	N/A	N/A
PAA	PLAINS ALL AMERICAN PIPELINE LP	$12.18B	$17.37	$20.25	16.58%	Buy	8	7.38%	22.67%	N/A	N/A
IMPP	IMPERIAL PETROLEUM INC/MARSHALL ISLANDS	$119.55M	$4.01	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
DLNG	DYNAGAS LNG PARTNERS LP	$146.84M	$3.99	N/A	N/A	N/A	N/A	-2.98%	27.92%	N/A	N/A
MARPS	MARINE PETROLEUM TRUST	$8.90M	$4.45	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
STNG	SCORPIO TANKERS INC	$4.08B	$81.69	$87.25	6.81%	Strong Buy	4	-4.96%	N/A	N/A	N/A
WMB	WILLIAMS COMPANIES INC	$50.30B	$41.27	$40.25	-2.47%	Buy	8	7.21%	-54.79%	N/A	N/A
OSG	OVERSEAS SHIPHOLDING GROUP INC	$494.13M	$6.86	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EE	EXCELERATE ENERGY INC	$2.00B	$18.65	$21.00	12.60%	Buy	5	2.54%	35.08%	N/A	N/A
PBA	PEMBINA PIPELINE CORP	$20.29B	$36.94	$57.00	54.30%	Buy	1	4.00%	14.87%	N/A	N/A
ENB	ENBRIDGE INC	$78.13B	$36.75	N/A	N/A	N/A	N/A	-12.13%	14.14%	N/A	N/A
GLP	GLOBAL PARTNERS LP	$1.51B	$44.48	$44.00	-1.08%	Strong Buy	1	30.52%	N/A	N/A	N/A
ENLC	ENLINK MIDSTREAM LLC	$6.17B	$13.67	$15.00	9.73%	Strong Buy	4	9.65%	71.55%	N/A	N/A
OKE	ONEOK INC	$48.23B	$82.63	$83.58	1.15%	Buy	12	17.39%	1.09%	N/A	N/A
CQP	CHENIERE ENERGY PARTNERS LP	$23.97B	$49.52	$47.50	-4.08%	Sell	2	6.74%	N/A	N/A	N/A
DTM	DT MIDSTREAM INC	$6.49B	$66.88	$62.60	-6.40%	Buy	5	7.70%	2.64%	N/A	N/A
PAGP	PLAINS GP HOLDINGS LP	$3.63B	$18.40	$20.00	8.70%	Buy	7	10.49%	N/A	N/A	N/A
BANL	CBL INTERNATIONAL LTD	$26.25M	$1.05	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
KMI	KINDER MORGAN INC	$43.72B	$19.70	$20.00	1.52%	Hold	1	5.99%	7.09%	N/A	N/A
AM	ANTERO MIDSTREAM CORP	$7.18B	$14.92	N/A	N/A	N/A	N/A	2.10%	10.55%	N/A	N/A
ETRN	EQUITRANS MIDSTREAM CORP	$6.03B	$13.90	$12.25	-11.87%	Buy	4	8.10%	-10.43%	N/A	N/A
HESM	HESS MIDSTREAM LP	$7.92B	$35.42	$37.67	6.34%	Buy	3	8.77%	12.37%	N/A	N/A
GEL	GENESIS ENERGY LP	$1.60B	$13.10	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SMLP	SUMMIT MIDSTREAM PARTNERS LP	$351.94M	$33.05	N/A	N/A	N/A	N/A	N/A	N/A	-5.41%	-1.98%
MMLP	MARTIN MIDSTREAM PARTNERS LP	$117.78M	$3.02	N/A	N/A	N/A	N/A	1.79%	N/A	N/A	N/A
PBT	PERMIAN BASIN ROYALTY TRUST	$618.03M	$13.26	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
GLNG	GOLAR LNG LTD	$2.81B	$26.90	N/A	N/A	N/A	N/A	-4.47%	N/A	N/A	N/A
NGL	NGL ENERGY PARTNERS LP	$755.32M	$5.70	N/A	N/A	N/A	N/A	-2.02%	N/A	N/A	N/A
BROG	BROOGE ENERGY LTD	$110.68M	$1.01	N/A	N/A	N/A	N/A	N/A	N/A	N/A	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.