Summit Midstream Partners (NYSE:SMLP - Get Free Report) will be posting its quarterly earnings results before the market opens on Friday, May 3rd. Individual that are interested in participating in the company's earnings conference call can do so using this link.
Summit Midstream Partners (NYSE:SMLP - Get Free Report) last released its quarterly earnings data on Friday, March 15th. The pipeline company reported ($1.29) EPS for the quarter. The business had revenue of $127.32 million during the quarter. Summit Midstream Partners had a negative return on equity of 4.72% and a negative net margin of 8.49%.
Summit Midstream Partners Stock Performance
SMLP traded up $0.68 on Friday, hitting $28.70. The company's stock had a trading volume of 27,263 shares, compared to its average volume of 46,233. The company's 50 day simple moving average is $23.87 and its 200-day simple moving average is $20.06. The firm has a market cap of $299.05 million, a P/E ratio of -4.69 and a beta of 2.33. Summit Midstream Partners has a 12 month low of $13.00 and a 12 month high of $29.54. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.34.
Insider Buying and Selling
In other Summit Midstream Partners news, insider James David Johnston sold 3,400 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $25.21, for a total value of $85,714.00. Following the sale, the insider now directly owns 48,201 shares in the company, valued at approximately $1,215,147.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders sold 8,000 shares of company stock valued at $179,459. Company insiders own 3.70% of the company's stock.
About Summit Midstream Partners
(
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Summit Midstream Partners, LP focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations in the continental United States. The company provides natural gas gathering, compression, treating, and processing services, as well as crude oil and produced water gathering and freshwater delivery services.
Further Reading
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