Tortoise Midstream Energy Fund, Inc.

Tortoise Midstream Energy Fund, Inc.verified

NTG

Price:

$47.55

Market Cap:

$242.16M

Tortoise MLP Fund, Inc. is a close ended equity mutual fund launched and managed by Tortoise Capital Advisors L.L.C. It invests in public equity markets. The fund primarily invests in equity securities of MLPs and their affiliates, with an emphasis on natural gas infrastructure Master Limited Partnerships. It employs a fundamental analysis with a bottom up stock picking approach with focus on factors like quantitative, qualitative, and relative value factors to create its portfolio. Tortoise MLP Fund, Inc. was formed on July 27, 2010 is domiciled in United States.[Read more]

Industry

Asset Management

IPO Date

2010-07-29

Stock Exchange

NYSE

Ticker

NTG

The PE Ratio as of September 2024 (TTM) for Tortoise Midstream Energy Fund, Inc. (NTG) is 3.35

According to Tortoise Midstream Energy Fund, Inc.’s latest financial reports and current stock price. The company's current PE Ratio is 3.35. This represents a change of 57.79% compared to the average of 2.12 of the last 4 quarters.

Tortoise Midstream Energy Fund, Inc. (NTG) Historical PE Ratio (quarterly & annually)

How has NTG PE Ratio performed in the past?

The mean historical PE Ratio of Tortoise Midstream Energy Fund, Inc. over the last ten years is 14.04. The current 3.35 PE Ratio has changed 2.29% with respect to the historical average. Over the past ten years (40 quarters), NTG's PE Ratio was at its highest in in the May 2017 quarter at 109.86. The PE Ratio was at its lowest in in the November 2018 quarter at -3.27.

Quarterly (TTM)
Annual

Average

14.04

Median

2.92

Minimum

-10.13

Maximum

79.61

Tortoise Midstream Energy Fund, Inc. (NTG) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Tortoise Midstream Energy Fund, Inc. PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 678.37%

Maximum Annual PE Ratio = 79.61

Minimum Annual Increase = -1234.30%

Minimum Annual PE Ratio = -10.13

Quarterly (TTM)
Annual
YearPE RatioChange
202325.07678.37%
20223.2222.74%
20212.62-1234.30%
2020-0.23-94.80%
2019-4.45-111.71%
201837.97-474.92%
2017-10.13-221.09%
20168.36-590.60%
2015-1.70-102.14%
201479.6150.26%

Tortoise Midstream Energy Fund, Inc. (NTG) Average PE Ratio

How has NTG PE Ratio performed in the past?

The current PE Ratio of Tortoise Midstream Energy Fund, Inc. (NTG) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

10.31

5-year avg

5.25

10-year avg

14.04

Tortoise Midstream Energy Fund, Inc. (NTG) PE Ratio vs. Peers

How is NTG’s PE Ratio compared to its peers?

Tortoise Midstream Energy Fund, Inc.’s PE Ratio is less than Tortoise Power and Energy Infrastructure Fund, Inc. (4.50), less than Kayne Anderson NextGen Energy & Infrastructure, Inc. (46.12), less than Ecofin Sustainable and Social Impact Term Fund (36.27), less than RiverNorth Opportunistic Municipal Income Fund, Inc. (12.97), less than Tortoise Energy Independence Fund, Inc. (3.46), less than Flow Capital Corp. (239.35), greater than Blackhawk Growth Corp. (-0.03), greater than Mount Logan Capital Inc. (0.98), less than Tortoise Energy Infrastructure Corporation (5.09), less than DTF Tax-Free Income 2028 Term Fund Inc. (257.08), greater than Destra Multi-Alternative Fund (0), less than NXG NextGen Infrastructure Income Fund (13.15), less than Tortoise Pipeline & Energy Fund, Inc. (4.25), greater than Invesco High Income 2023 Target Term Fund (-39.27), less than Abrdn Australia Equity Fund Inc (28.18), greater than ClearBridge MLP and Midstream Total Return Fund Inc. (3.09), greater than Nuveen Multi-Market Income Fund (3.15), less than AllianceBernstein National Municipal Income Fund, Inc. (41.59), less than Eaton Vance Short Duration Diversified Income Fund (8.79), greater than Virtus Diversified Income & Convertible Fund (0), less than Ares Dynamic Credit Allocation Fund, Inc. (6.59), less than DWS Municipal Income Trust (35.99),

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