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

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$12.95 -0.10 (-0.77 %)
(As of 02/17/2019 08:41 AM ET)
Previous Close$12.95
Today's Range$12.94 - $13.20
52-Week Range$10.04 - $20.30
Volume365,044 shs
Average Volume433,797 shs
Market Capitalization$969.26 million
P/E Ratio7.90
Dividend Yield17.62%
Beta1.89
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. It operates in five unconventional resource basins, including the Appalachian Basin, which comprises 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 Fort Worth Basin, which includes the Barnett Shale formation in north-central Texas; the Piceance Basin that comprises the Mesaverde formation, and the Mancos and Niobrara shale formations in western Colorado and eastern Utah; and the Denver-Julesburg Basin, which includes the Niobrara and Codell shale formations in northeastern Colorado. The company serves natural gas and crude oil producers. Summit Midstream GP, LLC operates as a general partner of the company. Summit Midstream Partners, LP was founded in 2009 and is headquartered in The Woodlands, Texas.

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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$488.74 million
Cash Flow$3.4259 per share
Book Value$14.69 per share

Profitability

Net Income$85.68 million

Miscellaneous

EmployeesN/A
Market Cap$969.26 million
OptionableOptionable

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, January 24th. Shareholders of record on Thursday, February 7th will be paid a dividend of $0.575 per share on Thursday, February 14th. This represents a $2.30 dividend on an annualized basis and a yield of 17.76%. The ex-dividend date of this dividend is Wednesday, February 6th. View Summit Midstream Partners' Dividend History.

How were Summit Midstream Partners' earnings last quarter?

Summit Midstream Partners LP (NYSE:SMLP) posted its quarterly earnings data on Thursday, May, 3rd. The pipeline company reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.12 by $0.30. The pipeline company had revenue of $117.32 million for the quarter, compared to the consensus estimate of $106.68 million. Summit Midstream Partners had a negative net margin of 2.92% and a positive return on equity of 11.70%. 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 26th 2019. View Earnings Estimates for Summit Midstream Partners.

What price target have analysts set for SMLP?

10 brokers have issued twelve-month price objectives for Summit Midstream Partners' shares. Their forecasts range from $15.00 to $22.00. On average, they anticipate Summit Midstream Partners' stock price to reach $18.00 in the next year. This suggests a possible upside of 39.0% from the stock's current price. View Analyst Price Targets for Summit Midstream Partners.

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

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Midstream Partners in the last year. There are currently 1 sell rating, 4 hold ratings and 5 buy 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?

News articles about SMLP stock have been trending positive recently, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Summit Midstream Partners earned a daily sentiment score of 2.4 on InfoTrie's scale. They also assigned news headlines about the pipeline company a news buzz of 6.0 out of 10, indicating that recent news coverage is somewhat likely to have an impact on the stock's share price in the next several days.

Who are some of Summit Midstream Partners' key competitors?

Who are Summit Midstream Partners' key executives?

Summit Midstream Partners' management team includes the folowing people:
  • Mr. Steven J. Newby, Pres, CEO & Director of Summit Midstream GP, LLC (Age 46)
  • Mr. Leonard Wayne Mallett, Exec. VP & COO of Summit Midstream GP, LLC (Age 63)
  • 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, Corp. Devel. & Chief Commercial Officer of Summit Midstream GP, LLC (Age 52)
  • Mr. Marc David Stratton, CFO & Exec. VP of Summit Midstream GP, LLC

Who are Summit Midstream Partners' major shareholders?

Summit Midstream Partners' stock is owned by a number of of institutional and retail investors. Top institutional investors include Kayne Anderson Capital Advisors LP (3.13%), HMI Capital LLC (2.77%), Bank of America Corp DE (0.82%), Cohen & Steers Inc. (0.37%), West Family Investments Inc. (0.25%) and Dividend Assets Capital LLC (0.22%). Company insiders that own Summit Midstream Partners stock include Brad N Graves, Brock M Degeyter, Louise E Matthews and Steven J Newby. View Institutional Ownership Trends for Summit Midstream Partners.

Which institutional investors are selling Summit Midstream Partners stock?

SMLP stock was sold by a variety of institutional investors in the last quarter, including HMI Capital LLC, Kayne Anderson Capital Advisors LP, Bank of America Corp DE, Spirit of America Management Corp NY, Cohen & Steers Inc., Citigroup Inc., Dividend Assets Capital LLC and Raymond James & Associates. Company insiders that have sold Summit Midstream Partners company stock in the last year include Brad N Graves, Brock M Degeyter and Louise E Matthews. View Insider Buying and Selling for Summit Midstream Partners.

Which institutional investors are buying Summit Midstream Partners stock?

SMLP stock was purchased by a variety of institutional investors in the last quarter, including Fort Washington Investment Advisors Inc. OH, First Trust Advisors LP, Usca Ria LLC, West Family Investments Inc., Jane Street Group LLC, Virtu Financial LLC, Creative Planning and Private Advisor Group LLC. View Insider Buying and Selling for Summit Midstream Partners.

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, Scottrade, Fidelity and Charles Schwab.

What is Summit Midstream Partners' stock price today?

One share of SMLP stock can currently be purchased for approximately $12.95.

How big of a company is Summit Midstream Partners?

Summit Midstream Partners has a market capitalization of $969.26 million and generates $488.74 million in revenue each year. The pipeline company earns $85.68 million in net income (profit) each year or $1.64 on an earnings per share basis.

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:  2.6 out of 5 (star star)
Outperform Votes:  314 (Vote Outperform)
Underperform Votes:  289 (Vote Underperform)
Total Votes:  603
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 2/17/2019 by MarketBeat.com Staff

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