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In early 2019 President Trump warned this company's biggest customers to "step up their 5G efforts." A few months later, he banned their biggest competitor from doing business in the U.S. Now, this $5 stock could turn a $10,000 stake into $234,770 this year. But timing is critical. A single mention on the evening news and this opportunity could get away from you.

NYSE:SMLP - Summit Midstream Partners Stock Price, Forecast & News

$3.52
-0.09 (-2.49 %)
(As of 01/20/2020 09:20 AM ET)
Today's Range
$3.42
Now: $3.52
$3.60
50-Day Range
$2.89
MA: $3.28
$3.61
52-Week Range
$2.81
Now: $3.52
$14.45
Volume271,580 shs
Average Volume417,572 shs
Market Capitalization$329.08 million
P/E RatioN/A
Dividend Yield32.67%
Beta1.54
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, treating, and processing services, as well as crude oil and produced water gathering services. Its unconventional resource basins include the Appalachian Basin, which comprise the Utica and Point Pleasant shale formations in southeastern Ohio, and the Marcellus Shale formation in northern West Virginia; the Williston Basin that consists of the Bakken and Three Forks shale formations in northwestern North Dakota; the Denver-Julesburg Basin, which include the Niobrara and Codell shale formations in northeastern Colorado; the northern Delaware Basin that comprise the Wolfcamp and Bone Spring formations, in southeastern New Mexico; the Piceance Basin, which include the Mesaverde formation, and the Mancos and Niobrara shale formations in western Colorado and eastern Utah; and the Fort Worth Basin that comprises the Barnett Shale formation in north-central Texas. Read More…

Industry, Sector and Symbol

Industry Natural gas transmission
Sub-IndustryN/A
SectorOils/Energy
CUSIPN/A
Phone832-413-4770

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$506.65 million
Cash Flow$2.05 per share
Book Value$12.39 per share

Profitability

Net Income$42.18 million

Miscellaneous

EmployeesN/A
Market Cap$329.08 million
Next Earnings Date2/25/2020 (Estimated)
OptionableOptionable

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In early 2019 President Trump warned this company's biggest customers to "step up their 5G efforts." A few months later, he banned their biggest competitor from doing business in the U.S. Now, this $5 stock could turn a $10,000 stake into $234,770 this year. But timing is critical. A single mention on the evening news and this opportunity could get away from you.

Summit Midstream Partners (NYSE:SMLP) Frequently Asked Questions

What is Summit Midstream Partners' stock symbol?

Summit Midstream Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "SMLP."

How often does Summit Midstream Partners pay dividends? What is the dividend yield for Summit Midstream Partners?

Summit Midstream Partners announced a quarterly dividend on Thursday, October 24th. Stockholders of record on Thursday, November 7th will be given a dividend of $0.287 per share on Thursday, November 14th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 32.61%. The ex-dividend date of this dividend is Wednesday, November 6th. View Summit Midstream Partners' Dividend History.

How were Summit Midstream Partners' earnings last quarter?

Summit Midstream Partners LP (NYSE:SMLP) posted its earnings results on Friday, November, 8th. The pipeline company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.16 by $0.37. The pipeline company earned $100.19 million during the quarter, compared to analysts' expectations of $115.74 million. Summit Midstream Partners had a positive return on equity of 6.81% and a negative net margin of 0.88%. View Summit Midstream Partners' Earnings History.

When is Summit Midstream Partners' next earnings date?

Summit Midstream Partners is scheduled to release their next quarterly earnings announcement on Tuesday, February 25th 2020. View Earnings Estimates for Summit Midstream Partners.

What price target have analysts set for SMLP?

7 Wall Street analysts have issued 12 month target prices for Summit Midstream Partners' stock. Their forecasts range from $3.00 to $10.00. On average, they anticipate Summit Midstream Partners' stock price to reach $5.71 in the next year. This suggests a possible upside of 62.3% from the stock's current price. View Analyst Price Targets for Summit Midstream Partners.

What is the consensus analysts' recommendation for Summit Midstream Partners?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Midstream Partners in the last year. There are currently 3 sell ratings and 4 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Summit Midstream Partners.

Has Summit Midstream Partners been receiving favorable news coverage?

Media coverage about SMLP stock has trended positive this week, according to InfoTrie Sentiment. The research firm ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Summit Midstream Partners earned a coverage optimism score of 3.0 on InfoTrie's scale. They also gave news headlines about the pipeline company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for Summit Midstream Partners.

Are investors shorting Summit Midstream Partners?

Summit Midstream Partners saw a drop in short interest in December. As of December 13th, there was short interest totalling 1,880,000 shares, a drop of 13.8% from the November 28th total of 2,180,000 shares. Based on an average daily volume of 395,500 shares, the short-interest ratio is presently 4.8 days. Currently, 4.5% of the shares of the company are short sold. View Summit Midstream Partners' Current Options Chain.

Who are some of Summit Midstream Partners' key competitors?

What other stocks do shareholders of Summit Midstream Partners own?

Who are Summit Midstream Partners' key executives?

Summit Midstream Partners' management team includes the folowing people:
  • Mr. Leonard Wayne Mallett, Interim Pres & Interim CEO, COO & Director of Summit Midstream GP, LLC (Age 62)
  • Mr. Marc David Stratton, CFO & Exec. VP & Principal Accounting Officer of Summit Midstream GP, LLC (Age 41)
  • Mr. Brock M. Degeyter, Exec. VP, Gen. Counsel, Chief Compliance Officer & Sec. of Summit Midstream GP, LLC (Age 42)
  • Mr. Brad N. Graves, Exec. VP & Chief Commercial Officer of Summit Midstream GP, LLC (Age 52)
  • Mr. David Kimsey, Chief Accounting Officer & VP of Summit Midstream GP LLC

How do I buy shares of Summit Midstream Partners?

Shares of SMLP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Summit Midstream Partners' stock price today?

One share of SMLP stock can currently be purchased for approximately $3.52.

How big of a company is Summit Midstream Partners?

Summit Midstream Partners has a market capitalization of $329.08 million and generates $506.65 million in revenue each year. The pipeline company earns $42.18 million in net income (profit) each year or $0.06 on an earnings per share basis. View Additional Information About Summit Midstream Partners.

What is Summit Midstream Partners' official website?

The official website for Summit Midstream Partners is http://www.summitmidstream.com/.

How can I contact Summit Midstream Partners?

Summit Midstream Partners' mailing address is 1790 HUGHES LANDING BOULEVARD SUITE 500, THE WOODLANDS TX, 77380. The pipeline company can be reached via phone at 832-413-4770 or via email at [email protected]


MarketBeat Community Rating for Summit Midstream Partners (NYSE SMLP)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  470 (Vote Outperform)
Underperform Votes:  360 (Vote Underperform)
Total Votes:  830
MarketBeat's community ratings are surveys of what our community members think about Summit Midstream Partners and other stocks. Vote "Outperform" if you believe SMLP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SMLP will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 1/20/2020 by MarketBeat.com Staff

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