Noble Financial Has Positive Opinion of SMC FY2026 Earnings

Key Points

• Noble Financial raised its FY2026 EPS forecast for Summit Midstream Partners to $0.63 from $0.40, above the stated analyst consensus estimate of $0.40; it also forecast FY2027 EPS of $1.59.
• In its latest quarter, the company reported EPS of $0.58, beating the $0.12 consensus, and revenue of $183.01 million versus expectations of $158.60 million.
• Analyst views are mixed but lean positive: MarketBeat lists a “Moderate Buy” consensus rating and a $43 price target, with two Buy and two Hold ratings.

Summit Midstream Partners, LP (NYSE:SMC - Free Report) - Stock analysts at Noble Financial increased their FY2026 earnings per share (EPS) estimates for shares of Summit Midstream Partners in a note issued to investors on Wednesday, November 11th. Noble Financial analyst M. Reichman now anticipates that the company will post earnings of $0.63 per share for the year, up from their prior forecast of $0.40. The consensus estimate for Summit Midstream Partners' current full-year earnings is $0.40 per share. Noble Financial also issued estimates for Summit Midstream Partners' FY2027 earnings at $1.59 EPS.

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

SMC has been the topic of a number of other research reports. TD Cowen lifted their price objective on 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 target price on Summit Midstream Partners in a research report on Monday, August 3rd. Weiss Ratings downgraded Summit Midstream Partners from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday. Finally, 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. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $43.00.

Summit Midstream Partners Price Performance

NYSE:SMC opened at $31.34 on Friday. The business's 50-day moving average is $31.37 and its 200 day moving average is $30.68. Summit Midstream Partners has a 12 month low of $22.71 and a 12 month high of $36.47. The company has a current ratio of 1.25, a quick ratio of 0.94 and a debt-to-equity ratio of 1.43.

Institutional Investors Weigh In On Summit Midstream Partners

Several large investors have recently added to or reduced their stakes in the stock. State Street Corp lifted its stake in shares of Summit Midstream Partners by 1.6% in the 3rd quarter. State Street Corp now owns 187,463 shares of the company's stock valued at $5,667,000 after purchasing an additional 2,917 shares during the last quarter. Empowered Funds LLC increased its position in shares of Summit Midstream Partners by 9.8% during the 1st quarter. Empowered Funds LLC now owns 89,796 shares of the company's stock valued at $2,715,000 after purchasing an additional 8,037 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Summit Midstream Partners by 104.1% during the 1st quarter. Cetera Investment Advisers now owns 56,533 shares of the company's stock valued at $1,710,000 after purchasing an additional 28,840 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Summit Midstream Partners by 339.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 31,465 shares of the company's stock valued at $951,000 after purchasing an additional 24,313 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in Summit Midstream Partners during the 1st quarter valued at $680,000. 42.97% of the stock is owned by institutional investors.

Insider Activity at Summit Midstream Partners

In related news, VP James Johnston sold 2,600 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $30.51, for a total value of $79,326.00. Following the completion of the transaction, the vice president owned 72,757 shares of the company's stock, valued at approximately $2,219,816.07. This trade represents a 3.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 42.96% of the company's stock.

Summit Midstream Partners Company Profile

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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