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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
Ticker
Company
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
FRO
FRONTLINE PLC
Bermuda
$5.89B222,622,88923.15%0.00%
TNK
TEEKAY TANKERS LTD
Bermuda
$2.37B34,200,00053.88%0.00%
TNP
TSAKOS ENERGY NAVIGATION LTD
Greece
$898.45M29,505,60319.99%0.00%
LPG
DORIAN LPG LTD
United States
$1.76B40,619,44836.50%63.50%Net Selling
DHT
DHT HOLDINGS INC
Bermuda
$1.90B161,329,35257.11%0.00%
INSW
INTERNATIONAL SEAWAYS INC
United States
$2.91B49,373,07353.27%46.73%Net SellingNet Selling
TRMD
TORM PLC
United Kingdom
$3.28B92,200,00066.52%0.00%
EPD
ENTERPRISE PRODUCTS PARTNERS LP
United States
$61.67B2,171,558,35425.06%64.78%Net Selling
EURN
EURONAV NV
Belgium
$3.09B194,893,53215.14%0.00%
TRGP
TARGA RESOURCES CORP
United States
$26.93B221,716,50580.73%19.27%Net SellingNet Selling
WES
WESTERN MIDSTREAM PARTNERS LP
United States
$14.62B380,490,96316.08%83.92%Net SellingNet Buying
TK
TEEKAY CORP
Bermuda
$844.54M91,006,18247.16%0.00%
MPLX
MPLX LP
United States
$41.84B1,016,195,69514.62%85.38%Net Selling
NVGS
NAVIGATOR HOLDINGS LTD
United Kingdom
$1.23B73,209,77120.73%0.00%
ET
ENERGY TRANSFER LP
United States
$52.17B3,370,023,31833.39%51.62%Net BuyingNet Selling
VNOM
VIPER ENERGY INC
United States
$6.75B176,855,28345.81%28.31%Net Selling
KNTK
KINETIK HOLDINGS INC
United States
$6.28B153,658,07330.87%41.02%Net SellingNet Selling
TRP
TC ENERGY CORP
Canada
$40.56B1,037,487,82977.88%0.00%
IMPP
IMPERIAL PETROLEUM INC/MARSHALL ISLANDS
Greece
$111.50M29,812,7553.97%0.00%
STNG
SCORPIO TANKERS INC
Monaco
$4.00B49,905,27269.30%0.00%
OKE
ONEOK INC
United States
$46.80B583,646,90967.91%0.94%Net SellingNet Buying
DLNG
DYNAGAS LNG PARTNERS LP
Monaco
$142.79M36,802,2477.76%0.00%
GLP
GLOBAL PARTNERS LP
United States
$1.66B33,995,56338.10%41.13%Net BuyingNet Buying
MARPS
MARINE PETROLEUM TRUST
United States
$8.00M2,000,0001.66%0.00%
LNG
CHENIERE ENERGY INC
United States
$36.27B228,912,50180.78%19.22%Net SellingNet Selling
PAGP
PLAINS GP HOLDINGS LP
United States
$3.50B197,252,25946.94%53.06%Net Buying
OSG
OVERSEAS SHIPHOLDING GROUP INC
United States
$608.66M72,030,9778.95%91.05%Net SellingNet Selling
ENLC
ENLINK MIDSTREAM LLC
United States
$6.07B451,304,16129.99%70.01%Net SellingNet Selling
ENB
ENBRIDGE INC
Canada
$75.80B2,126,090,75448.55%0.15%
WMB
WILLIAMS COMPANIES INC
United States
$50.64B1,218,754,01986.26%5.91%Net SellingNet Selling
CQP
CHENIERE ENERGY PARTNERS LP
United States
$23.70B484,040,62321.88%78.12%Net SellingNet Selling
FLNG
FLEX LNG LTD
Bermuda
$1.44B53,736,31818.28%0.00%
PAA
PLAINS ALL AMERICAN PIPELINE LP
United States
$11.74B701,071,03141.88%49.60%Net Selling
PBA
PEMBINA PIPELINE CORP
Canada
$20.51B549,396,69456.66%0.00%
EE
EXCELERATE ENERGY INC
United States
$1.89B107,125,50621.62%77.36%Net SellingNet Selling
DTM
DT MIDSTREAM INC
United States
$6.74B97,109,10079.85%0.22%Net SellingNet Buying
AM
ANTERO MIDSTREAM CORP
United States
$7.03B481,241,00047.57%52.43%Net SellingNet Selling
ETRN
EQUITRANS MIDSTREAM CORP
United States
$6.18B433,661,00084.86%6.66%Net Buying
BANL
CBL INTERNATIONAL LTD
Hong Kong
$24.55M25,000,0000.05%0.00%
MMLP
MARTIN MIDSTREAM PARTNERS LP
United States
$127.92M39,001,08621.41%78.59%Net BuyingNet Buying
GEL
GENESIS ENERGY LP
United States
$1.67B122,464,31863.85%36.15%Net SellingNet Selling
KMI
KINDER MORGAN INC
United States
$44.12B2,219,384,48463.21%16.34%Net SellingNet Selling
HESM
HESS MIDSTREAM LP
United States
$7.83B223,545,92324.88%75.12%Net SellingNet Selling
SMLP
SUMMIT MIDSTREAM PARTNERS LP
United States
$335.97M10,648,6852.09%97.91%Net SellingNet Selling
GLNG
GOLAR LNG LTD
Bermuda
$2.97B104,578,08065.86%0.00%
PBT
PERMIAN BASIN ROYALTY TRUST
United States
$590.07M46,608,79627.88%0.00%
NGL
NGL ENERGY PARTNERS LP
United States
$710.27M132,512,76641.55%31.17%Net Buying
BROG
BROOGE ENERGY LTD
United Arab Emirates
$111.78M109,587,7546.85%0.00%

Oil & Gas Midstream Stocks FAQ

What are the best oil & gas midstream stocks to buy right now in Jun 2024?

According to Zen Score, the 3 best oil & gas midstream stocks to buy right now are:

1. Frontline (NYSE:FRO)


Frontline (NYSE:FRO) is the top oil & gas midstream stock with a Zen Score of 62, which is 25 points higher than the oil & gas midstream industry average of 37. It passed 24 out of 38 due diligence checks and has strong fundamentals. Frontline has seen its stock return 80.56% over the past year, overperforming other oil & gas midstream stocks by 48 percentage points.

Frontline has an average 1 year price target of $26.10, a downside of -1.4% from Frontline's current stock price of $26.47.

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.

2. Teekay Tankers (NYSE:TNK)


Teekay Tankers (NYSE:TNK) is the second best oil & gas midstream stock with a Zen Score of 61, which is 24 points higher than the oil & gas midstream industry average of 37. It passed 23 out of 38 due diligence checks and has strong fundamentals. Teekay Tankers has seen its stock return 89.95% over the past year, overperforming other oil & gas midstream stocks by 58 percentage points.

Teekay Tankers has an average 1 year price target of $76.00, an upside of 9.62% from Teekay Tankers's current stock price of $69.33.

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.

3. Tsakos Energy Navigation (NYSE:TNP)


Tsakos Energy Navigation (NYSE:TNP) is the third best oil & gas midstream stock with a Zen Score of 59, which is 22 points higher than the oil & gas midstream industry average of 37. It passed 22 out of 38 due diligence checks and has strong fundamentals. Tsakos Energy Navigation has seen its stock return 82.34% over the past year, overperforming other oil & gas midstream stocks by 50 percentage points.

Tsakos Energy Navigation has an average 1 year price target of $30.00, a downside of -1.48% from Tsakos Energy Navigation's current stock price of $30.45.

Tsakos Energy Navigation stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Tsakos Energy Navigation, 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 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:

1. Torm (NASDAQ:TRMD)


Torm (NASDAQ:TRMD) has an annual dividend yield of 16.34%, which is 11 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.

2. Euronav Nv (NYSE:EURN)


Euronav Nv (NYSE:EURN) has an annual dividend yield of 10.33%, which is 5 percentage points higher than the oil & gas midstream industry average of 5.39%. Euronav Nv's dividend payout is not stable, having dropped more than 10% eight times in the last 10 years. Euronav Nv's dividend has not shown consistent growth over the last 10 years.

Euronav Nv's dividend payout ratio of 36.3% indicates that its high dividend yield is sustainable for the long-term.

3. International Seaways (NYSE:INSW)


International Seaways (NYSE:INSW) has an annual dividend yield of 9.75%, which is 4 percentage points higher than the oil & gas midstream industry average of 5.39%. 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 52% indicates that its high dividend yield is sustainable for the long-term.

Why are oil & gas midstream stocks up?

Oil & gas midstream stocks were up 0.48% in the last day, and down -0.65% 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 71, which is 36 points higher than the oil & gas midstream industry average of 35. It passed 5 out of 7 valuation due diligence checks.

Plains All American Pipeline's stock has gained 27.01% in the past year. It has underperformed other stocks in the oil & gas midstream industry by -5 percentage points.

2. Tsakos Energy Navigation (NYSE:TNP)


Tsakos Energy Navigation (NYSE:TNP) is the second most undervalued oil & gas midstream stock based on WallStreetZen's Valuation Score. Tsakos Energy Navigation has a valuation score of 71, which is 36 points higher than the oil & gas midstream industry average of 35. It passed 5 out of 7 valuation due diligence checks.

Tsakos Energy Navigation's stock has gained 82.34% in the past year. It has overperformed other stocks in the oil & gas midstream industry by 50 percentage points.

3. Overseas Shipholding Group (NYSE:OSG)


Overseas Shipholding Group (NYSE:OSG) is the third most undervalued oil & gas midstream stock based on WallStreetZen's Valuation Score. Overseas Shipholding Group has a valuation score of 71, which is 36 points higher than the oil & gas midstream industry average of 35. It passed 5 out of 7 valuation due diligence checks.

Overseas Shipholding Group's stock has gained 120.05% in the past year. It has overperformed other stocks in the oil & gas midstream industry by 88 percentage points.

Are oil & gas midstream stocks a good buy now?

50% 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 9.82% 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 15.04x.
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.