Noble Financial Has Negative Outlook for SMC Q4 Earnings

Key Points

• Noble Financial lowered its Q4 2026 EPS forecast for Summit Midstream Partners to $0.29 from $0.31; the full-year consensus estimate is $0.40 per share.
• In its latest reported quarter, Summit earned $0.58 per share, beating the $0.12 consensus, and generated $183.01 million in revenue versus estimates of $158.60 million.
• Analyst views are mixed, but the stock retains a Moderate Buy consensus rating and a $43 average price target.

Summit Midstream Partners, LP (NYSE:SMC - Free Report) - Stock analysts at Noble Financial decreased their Q4 2026 earnings per share estimates for shares of Summit Midstream Partners in a research note issued to investors on Wednesday, November 11th. Noble Financial analyst M. Reichman now expects that the company will post earnings per share of $0.29 for the quarter, down from their prior forecast of $0.31. The consensus estimate for Summit Midstream Partners' current full-year earnings is $0.40 per share.

A number of other brokerages have also recently weighed in on SMC. Zacks Research cut shares of Summit Midstream Partners from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 2nd. TD Cowen boosted their price objective on shares of Summit Midstream Partners from $39.00 to $43.00 and gave the stock a "buy" rating in a research note on Wednesday, August 12th. Summit Redstone set a $39.00 price objective on shares of Summit Midstream Partners in a research report on Monday, August 3rd. Finally, Weiss Ratings lowered shares of Summit Midstream Partners from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.00.

Summit Midstream Partners Stock Up 1.8%

SMC opened at $30.85 on Thursday. The firm has a 50 day moving average price of $31.43 and a 200 day moving average price of $30.66. The company has a market cap of $626.58 million, a PE ratio of -77.13 and a beta of 0.88. Summit Midstream Partners has a 1 year low of $22.27 and a 1 year high of $36.47. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.94 and a current ratio of 1.25.

Summit Midstream Partners (NYSE:SMC - Get Free Report) last released its quarterly earnings data on Monday, November 9th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.46. Summit Midstream Partners had a return on equity of 1.17% and a net margin of 1.61%. The business had revenue of $183.01 million for the quarter, compared to analyst estimates of $158.60 million.

Insider Activity at Summit Midstream Partners

In other Summit Midstream Partners news, VP James Johnston sold 2,600 shares of the business's stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $30.51, for a total transaction of $79,326.00. Following the transaction, the vice president owned 72,757 shares in the company, valued at $2,219,816.07. The trade was a 3.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 42.96% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Summit Midstream Partners

Institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp raised its holdings in shares of Summit Midstream Partners by 1.6% during the 3rd quarter. State Street Corp now owns 187,463 shares of the company's stock valued at $5,667,000 after buying an additional 2,917 shares during the period. Empowered Funds LLC lifted its position in Summit Midstream Partners by 9.8% during the 1st quarter. Empowered Funds LLC now owns 89,796 shares of the company's stock worth $2,715,000 after acquiring an additional 8,037 shares in the last quarter. Cetera Investment Advisers lifted its position in Summit Midstream Partners by 104.1% during the 1st quarter. Cetera Investment Advisers now owns 56,533 shares of the company's stock worth $1,710,000 after acquiring an additional 28,840 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Summit Midstream Partners by 339.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 31,465 shares of the company's stock worth $951,000 after acquiring an additional 24,313 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in Summit Midstream Partners in the 1st quarter worth approximately $680,000. Hedge funds and other institutional investors own 42.97% of the company's stock.

About Summit Midstream Partners

Summit Midstream Corporation, formerly Summit Midstream Partners, is a midstream energy company that provides infrastructure and services to natural gas and crude oil producers. Its operations include gathering, compressing, treating and processing natural gas, as well as gathering and handling crude oil and produced water. The company's assets serve production areas including the Williston Basin in North Dakota, the Piceance and Denver-Julesburg basins in Colorado, the Permian Basin in Texas and the Barnett Shale in Texas.

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