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

Sign in or create an account to add this stock to your watchlist.
$12.77 -0.67 (-4.99 %)
(As of 11/20/2018 04:00 PM ET)
Previous Close$13.44
Today's Range$12.55 - $13.32
52-Week Range$12.55 - $22.95
Volume620,421 shs
Average Volume260,080 shs
Market Capitalization$1.04 billion
P/E Ratio7.79
Dividend Yield16.59%
Beta1.59
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.

Receive SMLP News and Ratings via Email

Sign-up to receive the latest news and ratings for SMLP and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

Stock Exchange NYSE
Industry Natural gas transmission
Sub-IndustryN/A
SectorOils/Energy
Current SymbolNYSE:SMLP
Previous Symbol
CUSIPN/A
Phone832-413-4770

Debt

Debt-to-Equity Ratio1.24
Current Ratio1.02
Quick Ratio1.02

Price-To-Earnings

Trailing P/E Ratio7.79
Forward P/E Ratio23.65
P/E GrowthN/A

Sales & Book Value

Annual Sales$488.74 million
Price / Sales1.96
Cash Flow$3.1299 per share
Price / Cash4.08
Book Value$14.69 per share
Price / Book0.87

Profitability

EPS (Most Recent Fiscal Year)$1.64
Net Income$85.68 million
Net Margins-2.92%
Return on Equity11.70%
Return on Assets4.00%

Miscellaneous

EmployeesN/A
Outstanding Shares74,850,000
Market Cap$1.04 billion
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 Friday, October 26th. Stockholders of record on Wednesday, November 7th will be given a dividend of $0.575 per share on Wednesday, November 14th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 18.01%. The ex-dividend date of this dividend is Tuesday, November 6th. View Summit Midstream Partners' Dividend History.

How were Summit Midstream Partners' earnings last quarter?

Summit Midstream Partners LP (NYSE:SMLP) released its earnings results on Thursday, November, 8th. The pipeline company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.39. The pipeline company earned $127.48 million during the quarter, compared to analyst estimates of $111.72 million. Summit Midstream Partners had a positive return on equity of 11.70% and a negative net margin of 2.92%. 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 Thursday, February 28th 2019. View Earnings Estimates for Summit Midstream Partners.

What price target have analysts set for SMLP?

10 equities research analysts have issued 12-month price targets for Summit Midstream Partners' shares. Their forecasts range from $15.00 to $22.00. On average, they expect Summit Midstream Partners' share price to reach $18.00 in the next year. This suggests a possible upside of 41.0% 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?

Headlines about SMLP stock have been trending somewhat positive this week, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Summit Midstream Partners earned a daily sentiment score of 0.8 on InfoTrie's scale. They also assigned news articles about the pipeline company a news buzz of 8.0 out of 10, indicating that recent news coverage is very likely to have an impact on the company's share price in the next few 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 45)
  • Mr. Matthew S. Harrison, Exec. VP & CFO of Summit Midstream GP, LLC (Age 48)
  • Mr. Leonard Wayne Mallett, Exec. VP & COO of Summit Midstream GP, LLC (Age 62)
  • Mr. Brock M. Degeyter, Exec. VP, Gen. Counsel, Chief Compliance Officer & Sec. of Summit Midstream GP, LLC (Age 41)
  • Mr. Brad N. Graves, Exec. VP, Corp. Devel. & Chief Commercial Officer of Summit Midstream GP, LLC (Age 51)

Who are Summit Midstream Partners' major shareholders?

Summit Midstream Partners' stock is owned by many different of institutional and retail investors. Top institutional shareholders include HMI Capital LLC (5.45%), Kayne Anderson Capital Advisors LP (4.24%), Brookfield Asset Management Inc. (2.51%), JPMorgan Chase & Co. (1.07%), JPMorgan Chase & Co. (1.07%) and Commonwealth of Pennsylvania Public School Empls Retrmt SYS (0.66%). Company insiders that own Summit Midstream Partners stock include Brad N Graves, Brock M Degeyter, Louise E Matthews, Steven J Newby and Summit Midstream Partners, Llc. 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, Commonwealth of Pennsylvania Public School Empls Retrmt SYS and Rafferty Asset Management LLC. 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 acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, MetLife Investment Advisors LLC, Fort Washington Investment Advisors Inc. OH, Kayne Anderson Capital Advisors LP, Advisory Research Inc., GSA Capital Partners LLP, Dividend Assets Capital LLC and JPMorgan Chase & Co.. 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 $12.77.

How big of a company is Summit Midstream Partners?

Summit Midstream Partners has a market capitalization of $1.04 billion 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:  2.5 out of 5 (star star half star)
Outperform Votes:  294 (Vote Outperform)
Underperform Votes:  286 (Vote Underperform)
Total Votes:  580
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 11/20/2018 by MarketBeat.com Staff

Featured Article: Depreciation

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel