S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
What to Expect from the Markets in a Recession
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
What to Expect from the Markets in a Recession
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
What to Expect from the Markets in a Recession
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
What to Expect from the Markets in a Recession
NYSE:SMLP

Summit Midstream Partners - SMLP Stock Forecast, Price & News

$15.60
+1.09 (+7.51%)
(As of 08/5/2022 08:49 PM ET)
Add
Compare
Today's Range
$14.06
$15.88
50-Day Range
$12.02
$19.71
52-Week Range
$11.52
$39.35
Volume
21,400 shs
Average Volume
54,386 shs
Market Capitalization
$156.37 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$20.50

Summit Midstream Partners MarketRank™ Forecast

Analyst Rating
Reduce
1.00 Rating Score
Upside/​Downside
31.4% Upside
$20.50 Price Target
Short Interest
Healthy
0.24% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.19mentions of Summit Midstream Partners in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.48 out of 5 stars

Oils/Energy Sector

257th out of 336 stocks

Natural Gas Transmission Industry

18th out of 26 stocks

SMLP stock logo

About Summit Midstream Partners (NYSE:SMLP) Stock

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 services. Its unconventional resource basins include the Utica and Point Pleasant shale formations in southeastern Ohio; 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 Colorado; the Permian Basin that comprise the Bone Spring and Wolfcamp shale formations in New Mexico; the Piceance Basin, which include the Mesaverde formation, and the Mancos and Niobrara shale formations in western Colorado; the Barnett Shale formation in north-central Texas; and the Marcellus Shale formation in northern West Virginia. The company also owns an ownership interest in Ohio Gathering, which owns and operates natural gas gathering and condensate stabilization facility in the Utica Shale in southeastern Ohio. It serves natural gas and crude oil producers. Summit Midstream GP, LLC operates as a general partner of the company. The company was founded in 2009 and is headquartered in Houston, Texas.

Summit Midstream Partners Stock Up 7.5 %

Shares of NYSE:SMLP traded up $1.09 during midday trading on Friday, hitting $15.60. 21,435 shares of the company's stock were exchanged, compared to its average volume of 16,376. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.81 and a current ratio of 0.81. Summit Midstream Partners has a 12 month low of $11.52 and a 12 month high of $39.35. The company's 50 day moving average price is $15.06 and its 200 day moving average price is $17.47.

Summit Midstream Partners (NYSE:SMLP - Get Rating) last issued its earnings results on Thursday, August 4th. The pipeline company reported ($9.53) EPS for the quarter. Summit Midstream Partners had a positive return on equity of 0.31% and a negative net margin of 7.28%. The business had revenue of $99.06 million for the quarter.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SMLP. Royal Bank of Canada decreased their price target on Summit Midstream Partners from $31.00 to $17.00 in a research note on Tuesday, May 31st. StockNews.com downgraded Summit Midstream Partners from a "buy" rating to a "hold" rating in a research note on Wednesday.

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SMLP Stock News Headlines

Summit Midstream Partners Q2 Earnings Preview
Summit Midstream Partners Q1 Earnings Preview
5 Cheap Energy Stocks Riding Oil Higher
Earnings Preview For Summit Midstream Partners
See More Headlines
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SMLP Company Calendar

Last Earnings
8/04/2022
Today
8/07/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Natural gas transmission
Sub-Industry
N/A
Fax
N/A
Employees
209
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$20.50
High Stock Price Forecast
$24.00
Low Stock Price Forecast
$17.00
Forecasted Upside/Downside
+31.4%
Consensus Rating
Reduce
Rating Score (0-4)
1.00
Research Coverage
1 Analysts

Profitability

Net Income
$-19,950,000.00
Pretax Margin
-9.76%

Debt

Sales & Book Value

Annual Sales
$400.62 million
Cash Flow
$19.26 per share
Book Value
$102.46 per share

Miscellaneous

Free Float
9,916,000
Market Cap
$156.37 million
Optionable
Optionable
Beta
2.56

Key Executives

  • Mr. J. Heath Deneke (Age 48)
    Pres, CEO & Chairman of Summit Midstream GP, LLC
    Comp: $2.03M
  • Mr. James David Johnston (Age 52)
    Exec. VP, Gen. Counsel, Sec. & Chief Compliance Officer of Summit Midstream GP LLC
    Comp: $1.22M
  • Mr. William Mault J. (Age 36)
    Exec. VP & CFO of Summit Midstream GP, LLC
  • Mr. Matthew B. Sicinski (Age 45)
    Sr. VP & Chief Accounting Officer of Summit Midstream GP LLC
  • Mr. Ross Wong
    VP of Fin., Treasurer & Investor Relations
  • Mr. Ryan Simmons CFA
    Sr. VP of Commercial - Summit Midstream GP LLC
  • Mr. Hugo Guerrero
    Sr. VP of Engineering & Operations of Summit Midstream GP LLC
  • Ms. Carrie Vruno
    VP & Controller of Summit Midstream GP LLC













SMLP Stock - Frequently Asked Questions

Should I buy or sell Summit Midstream Partners stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Summit Midstream Partners in the last year. There are currently 1 sell rating for the stock. The consensus among Wall Street research analysts is that investors should "sell" Summit Midstream Partners stock.
View analyst ratings for Summit Midstream Partners
or view top-rated stocks.

What is Summit Midstream Partners' stock price forecast for 2022?

1 equities research analysts have issued twelve-month price objectives for Summit Midstream Partners' stock. Their SMLP stock forecasts range from $17.00 to $24.00. On average, they predict Summit Midstream Partners' stock price to reach $20.50 in the next year. This suggests a possible upside of 31.4% from the stock's current price.
View analysts' price targets for Summit Midstream Partners
or view top-rated stocks among Wall Street analysts.

How has Summit Midstream Partners' stock price performed in 2022?

Summit Midstream Partners' stock was trading at $22.20 at the start of the year. Since then, SMLP stock has decreased by 29.7% and is now trading at $15.60.
View the best growth stocks for 2022 here
.

Are investors shorting Summit Midstream Partners?

Summit Midstream Partners saw a increase in short interest during the month of July. As of July 15th, there was short interest totaling 22,900 shares, an increase of 33.1% from the June 30th total of 17,200 shares. Based on an average trading volume of 36,000 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the shares of the stock are sold short.
View Summit Midstream Partners' Short Interest
.

When is Summit Midstream Partners' next earnings date?

Summit Midstream Partners is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our earnings forecast for Summit Midstream Partners
.

How were Summit Midstream Partners' earnings last quarter?

Summit Midstream Partners, LP (NYSE:SMLP) released its earnings results on Thursday, August, 4th. The pipeline company reported ($9.53) EPS for the quarter. The pipeline company had revenue of $99.06 million for the quarter. Summit Midstream Partners had a positive trailing twelve-month return on equity of 0.31% and a negative net margin of 7.28%.

When did Summit Midstream Partners' stock split? How did Summit Midstream Partners' stock split work?

Summit Midstream Partners shares reverse split on the morning of Tuesday, November 10th 2020. The 1-15 reverse split was announced on Friday, October 30th 2020. The number of shares owned by shareholders was adjusted after the market closes on Monday, November 9th 2020. An investor that had 100 shares of Summit Midstream Partners stock prior to the reverse split would have 7 shares after the split.

What is Steve Newby's approval rating as Summit Midstream Partners' CEO?

6 employees have rated Summit Midstream Partners CEO Steve Newby on Glassdoor.com. Steve Newby has an approval rating of 100% among Summit Midstream Partners' employees. This puts Steve Newby in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Summit Midstream Partners own?

What is Summit Midstream Partners' stock symbol?

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

Who are Summit Midstream Partners' major shareholders?

Summit Midstream Partners' stock is owned by a variety of institutional and retail investors. Top institutional investors include AEGON USA Investment Management LLC (0.26%).
View institutional ownership trends for Summit Midstream Partners
.

How do I buy shares of Summit Midstream Partners?

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

What is Summit Midstream Partners' stock price today?

One share of SMLP stock can currently be purchased for approximately $15.60.

How much money does Summit Midstream Partners make?

Summit Midstream Partners (NYSE:SMLP) has a market capitalization of $156.37 million and generates $400.62 million in revenue each year. The pipeline company earns $-19,950,000.00 in net income (profit) each year or ($11.80) on an earnings per share basis.

How many employees does Summit Midstream Partners have?

Summit Midstream Partners employs 209 workers across the globe.

How can I contact Summit Midstream Partners?

Summit Midstream Partners' mailing address is 910 LOUISIANA STREET SUITE 4200, HOUSTON TX, 77002. The official website for Summit Midstream Partners is www.summitmidstream.com. The pipeline company can be reached via phone at (832) 413-4770 or via email at ir@summitmidstream.com.

This page (NYSE:SMLP) was last updated on 8/8/2022 by MarketBeat.com Staff

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