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

Ticker	Company	Market Cap	Revenue	EBITDA	Earnings	EPS	Revenue Growth Y/Y	Revenue Growth 5Y	Earnings Growth Y/Y	Earnings Growth 5Y	Earnings Date
TNK	TEEKAY TANKERS LTD	$2.46B	$1.31B	$610.20M	$489.07M	$14.31	1.90%	9.10%	18.07%	N/A
FRO	FRONTLINE PLC	$6.12B	$1.83B	$1.06B	$656.41M	$2.95	26.98%	19.73%	32.88%	N/A	2024-05-22
TRMD	TORM PLC	$3.52B	$1.58B	$896.70M	$672.50M	$7.91	-2.92%	19.07%	-8.45%	N/A
INSW	INTERNATIONAL SEAWAYS INC	$3.13B	$1.06B	$727.52M	$528.30M	$10.78	0.83%	27.02%	-7.31%	N/A
LPG	DORIAN LPG LTD	$1.78B	$552.96M	$435.96M	$304.23M	$7.57	64.72%	27.74%	130.09%	N/A	2024-05-22
TNP	TSAKOS ENERGY NAVIGATION LTD	$890.18M	$889.57M	$524.12M	$266.74M	$9.04	3.39%	10.92%	50.17%	N/A	2024-06-14
TK	TEEKAY CORP	$839.99M	$1.41B	$281.65M	$156.51M	$1.68	1.09%	-4.97%	34.40%	N/A
EPD	ENTERPRISE PRODUCTS PARTNERS LP	$62.02B	$52.03B	$9.05B	$5.60B	$2.54	-9.70%	7.78%	0.00%	4.18%
TRP	TC ENERGY CORP	$40.37B	$11.77B	$7.15B	$1.97B	$1.90	7.03%	2.95%	65.04%	-9.37%
TRGP	TARGA RESOURCES CORP	$26.09B	$16.10B	$3.55B	$1.10B	$4.89	-21.42%	9.29%	24.43%	N/A
FLNG	FLEX LNG LTD	$1.58B	$371.02M	$302.20M	$120.04M	$2.24	6.64%	36.88%	-36.54%	50.51%	2024-05-31
NVGS	NAVIGATOR HOLDINGS LTD	$1.22B	$548.89M	$288.52M	$86.04M	$1.17	12.01%	12.23%	98.31%	N/A
DHT	DHT HOLDINGS INC	$2.02B	$575.03M	$316.41M	$170.07M	$1.05	12.68%	6.07%	50.00%	N/A
LNG	CHENIERE ENERGY INC	$36.66B	$17.34B	$9.20B	$4.95B	$20.74	-47.86%	16.71%	-33.72%	83.75%
WES	WESTERN MIDSTREAM PARTNERS LP	$14.47B	$3.26B	$2.37B	$1.36B	$3.56	1.02%	5.70%	28.06%	18.40%
VNOM	VIPER ENERGY INC	$6.66B	$864.13M	$479.43M	$209.48M	$2.72	3.67%	24.56%	19.82%	4.53%
EURN	EURONAV NV	$4.03B	$1.92B	$1.56B	$1.18B	$5.84	59.67%	20.38%	178.10%	N/A
KNTK	KINETIK HOLDINGS INC	$6.22B	$1.32B	$657.77M	$417.56M	$5.41	6.42%	67.96%	325.98%	64.80%
MPLX	MPLX LP	$41.11B	$11.41B	$5.91B	$3.91B	$3.88	-2.58%	7.86%	0.00%	11.02%
ET	ENERGY TRANSFER LP	$53.79B	$81.22B	$11.65B	$3.56B	$1.09	-8.10%	7.98%	-19.26%	-2.07%
PAA	PLAINS ALL AMERICAN PIPELINE LP	$12.18B	$48.37B	$2.59B	$818.00M	$1.17	-13.61%	7.28%	-23.03%	-20.61%
IMPP	IMPERIAL PETROLEUM INC/MARSHALL ISLANDS	$119.55M	$159.51M	$68.17M	$52.06M	$1.66	1.39%	N/A	-61.66%	N/A
DLNG	DYNAGAS LNG PARTNERS LP	$146.84M	$160.48M	$107.24M	$35.85M	$0.66	21.89%	4.77%	-42.61%	N/A	2024-06-18
MARPS	MARINE PETROLEUM TRUST	$8.90M	$1.13M	N/A	$801.10k	$0.40	-38.02%	-2.75%	-48.05%	3.92%
STNG	SCORPIO TANKERS INC	$4.08B	$1.35B	$944.98M	$567.85M	$11.27	-23.97%	16.64%	-31.41%	N/A
WMB	WILLIAMS COMPANIES INC	$50.30B	$10.60B	$7.19B	$2.88B	$2.38	-8.03%	4.14%	11.74%	N/A
OSG	OVERSEAS SHIPHOLDING GROUP INC	$494.13M	$455.58M	$240.65M	$64.96M	$0.85	-4.41%	5.24%	88.89%	43.44%	2024-06-06
EE	EXCELERATE ENERGY INC	$2.00B	$1.15B	$249.20M	$29.89M	$1.14	-45.13%	N/A	48.05%	N/A
PBA	PEMBINA PIPELINE CORP	$20.29B	$6.11B	$2.36B	$1.25B	$2.29	-16.68%	1.81%	-35.73%	6.44%
ENB	ENBRIDGE INC	$78.13B	$31.10B	$11.72B	$4.03B	$1.94	-14.02%	-2.17%	126.91%	3.98%
GLP	GLOBAL PARTNERS LP	$1.51B	$16.61B	$335.16M	$91.60M	$2.70	-9.78%	5.26%	-72.97%	14.20%
ENLC	ENLINK MIDSTREAM LLC	$6.17B	$6.78B	$1.14B	$162.50M	$0.35	-25.34%	-2.55%	-56.79%	N/A
OKE	ONEOK INC	$48.23B	$17.94B	$4.83B	$2.25B	$4.24	-16.43%	7.89%	-20.30%	7.38%	2024-05-22
CQP	CHENIERE ENERGY PARTNERS LP	$23.97B	$9.04B	$4.49B	$3.00B	$4.63	-46.16%	6.56%	-32.80%	12.32%
DTM	DT MIDSTREAM INC	$6.49B	$942.00M	$854.00M	$400.00M	$4.12	1.84%	N/A	7.57%	N/A
PAGP	PLAINS GP HOLDINGS LP	$3.63B	$48.37B	$1.74B	$171.00M	$0.87	-13.61%	7.28%	-20.18%	-20.90%
BANL	CBL INTERNATIONAL LTD	$26.25M	$435.90M	$1.98M	$1.14M	$0.05	-5.83%	N/A	-73.68%	N/A
KMI	KINDER MORGAN INC	$43.72B	$15.29B	$7.28B	$2.46B	$1.09	-18.66%	1.55%	-2.68%	9.90%	2024-07-17
AM	ANTERO MIDSTREAM CORP	$7.18B	$1.06B	$876.20M	$389.21M	$0.81	10.45%	81.35%	17.39%	21.98%	2024-06-05
ETRN	EQUITRANS MIDSTREAM CORP	$6.03B	$1.38B	$1.24B	$394.03M	$0.91	-0.72%	-1.81%	N/A	3.67%
HESM	HESS MIDSTREAM LP	$7.92B	$1.40B	$569.00M	$142.50M	$2.22	10.36%	13.43%	11.00%	11.47%
GEL	GENESIS ENERGY LP	$1.60B	$3.16B	$663.97M	$42.10M	$0.34	7.09%	2.37%	N/A	N/A
SMLP	SUMMIT MIDSTREAM PARTNERS LP	$351.94M	$465.28M	$364.47M	$81.39M	$7.75	20.55%	-2.23%	N/A	N/A
MMLP	MARTIN MIDSTREAM PARTNERS LP	$117.78M	$734.26M	$116.81M	$3.72M	$0.10	-25.40%	-5.39%	N/A	-32.43%	2024-07-17
PBT	PERMIAN BASIN ROYALTY TRUST	$618.03M	$29.92M	N/A	$28.73M	$0.62	-46.19%	2.13%	-47.01%	2.42%
GLNG	GOLAR LNG LTD	$2.81B	$298.43M	$5.39M	-$46.79M	-$0.44	11.46%	-7.07%	N/A	N/A	2024-05-28
NGL	NGL ENERGY PARTNERS LP	$755.32M	$7.38B	$586.32M	-$78.61M	-$0.60	-19.65%	-2.21%	N/A	N/A	2024-05-29
BROG	BROOGE ENERGY LTD	$110.68M	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.