NYSE:SMLP Summit Midstream Partners (SMLP) Stock Forecast, Price & News $13.84 -0.04 (-0.29%) (As of 09/29/2023 ET) Add Compare Share Share Today's Range$13.79▼$14.1550-Day Range$13.05▼$16.1652-Week Range$13.00▼$21.49Volume3,796 shsAverage Volume13,691 shsMarket Capitalization$143.71 millionP/E RatioN/ADividend YieldN/APrice Target$21.00 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Summit Midstream Partners MarketRank™ ForecastAnalyst RatingReduce1.50 Rating ScoreUpside/Downside51.7% Upside$21.00 Price TargetShort InterestHealthy0.13% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.79 out of 5 starsOils/Energy Sector201st out of 245 stocksNatural Gas Transmission Industry13th out of 18 stocks 2.8 Analyst's Opinion Consensus RatingSummit Midstream Partners has received a consensus rating of Reduce. The company's average rating score is 1.50, and is based on no buy ratings, 1 hold rating, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $21.00, Summit Midstream Partners has a forecasted upside of 51.7% from its current price of $13.85.Amount of Analyst CoverageSummit Midstream Partners has received no research coverage in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted0.13% of the float of Summit Midstream Partners has been sold short.Short Interest Ratio / Days to CoverSummit Midstream Partners has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Summit Midstream Partners has recently decreased by 3.08%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldSummit Midstream Partners does not currently pay a dividend.Dividend GrowthSummit Midstream Partners does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for SMLP. Previous Next N/A News and Social Media Coverage Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Summit Midstream Partners insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 3.70% of the stock of Summit Midstream Partners is held by insiders.Percentage Held by Institutions43.48% of the stock of Summit Midstream Partners is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Summit Midstream Partners is -1.72, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Summit Midstream Partners is -1.72, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioSummit Midstream Partners has a P/B Ratio of 0.21. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Summit Midstream Partners (NYSE:SMLP) StockSummit 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. Summit Midstream Partners, LP was founded in 2009 and is based in Houston, Texas.Read More SMLP Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SMLP Stock News HeadlinesAugust 11, 2023 | finance.yahoo.comQ2 2023 Summit Midstream Partners LP Earnings CallAugust 10, 2023 | seekingalpha.comSummit Midstream Partners GAAP EPS of -$1.91 misses by $1.99, revenue of $97.89M beats by $1.69MOctober 1, 2023 | Behind the Markets (Ad)Laser breakthrough could send stock soaring 2,467%Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...August 9, 2023 | marketwatch.comSummit Midstream Partners Behind Schedule -- Energy CommentAugust 9, 2023 | finance.yahoo.comSummit Midstream Partners, LP Reports Second Quarter 2023 Financial and Operating ResultsAugust 8, 2023 | markets.businessinsider.comSummit Midstream Partners LP Partnership Units earnings preview: what Wall Street is expectingJuly 28, 2023 | finance.yahoo.comSummit Midstream Partners, LP Schedules Second Quarter 2023 Earnings CallJuly 28, 2023 | finance.yahoo.comSummit Midstream Partners, LP Schedules Second Quarter 2023 Earnings CallOctober 1, 2023 | Behind the Markets (Ad)Laser breakthrough could send stock soaring 2,467%Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...July 6, 2023 | finance.yahoo.comSummit Midstream Partners, LP Announces 2022 K-3 Tax Form AvailabilityJune 6, 2023 | msn.comSummit Midstream Partners: Can It Survive Low Utilization?May 19, 2023 | msn.comSummit Midstream Partners Earnings Perspective: Return On Capital EmployedMay 6, 2023 | finance.yahoo.comQ1 2023 Summit Midstream Partners LP Earnings CallMay 5, 2023 | msn.comRecap: Summit Midstream Partners Q1 EarningsMay 5, 2023 | finance.yahoo.comSummit Midstream Partners, LP Reports First Quarter 2023 Financial and Operating ResultsMay 4, 2023 | msn.comSummit Midstream Partners's Earnings: A PreviewApril 24, 2023 | finance.yahoo.comSummit Midstream Partners, LP Schedules First Quarter 2023 Earnings CallMarch 22, 2023 | finance.yahoo.comSummit Midstream Partners, LP Announces 2022 K-1 Tax Package AvailabilityMarch 6, 2023 | finance.yahoo.comCLARITER WELCOMES SUMMIT MIDSTREAM PARTNERS TO ITS GROUP OF STRATEGIC INVESTORS, ANNOUNCING COLLABORATION SUPPORTING CLARITER'S FUTURE UNITED STATES ROLL-OUT STRATEGYFebruary 26, 2023 | seekingalpha.comSummit Midstream Partners, LP (SMLP) Q4 2022 Earnings Call TranscriptFebruary 24, 2023 | finance.yahoo.comSummit Midstream Partners, LP Reports Fourth Quarter and Full-Year 2022 Financial and Operating Results & Provides Full-Year 2023 GuidanceFebruary 23, 2023 | msn.comSummit Midstream Partners's Earnings OutlookFebruary 15, 2023 | finance.yahoo.comSummit Midstream Partners, LP Schedules Fourth Quarter 2022 Earnings CallFebruary 2, 2023 | finance.yahoo.comHere’s Why You Should Hold Summit Midstream Partners, LP (SMLP) StockDecember 27, 2022 | seekingalpha.comSummit Midstream Partners: Lofty Goals For 2023December 8, 2022 | bizjournals.comHouston company expands footprint in DJ Basin in deals totaling $305MDecember 8, 2022 | seekingalpha.comSummit Midstream Partners (SMLP) presents at Wells Fargo 21st Midstream, Utilities & Renewable Power SymposiumSee More Headlines Receive SMLP Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Summit Midstream Partners and its competitors with MarketBeat's FREE daily newsletter. Email Address SMLP Company Calendar Last Earnings8/09/2023Today10/01/2023Next Earnings (Estimated)11/02/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Natural gas transmission Sub-IndustryN/A SectorOils/Energy Current SymbolNYSE:SMLP CUSIPN/A CIK1549922 Webwww.summitmidstream.com Phone(832) 413-4770FaxN/AEmployees252Year Founded2009Price Target and Rating Average Stock Price Forecast$21.00 High Stock Price Forecast$22.00 Low Stock Price Forecast$20.00 Forecasted Upside/Downside+51.7%Consensus RatingReduce Rating Score (0-4)1.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)($8.04) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-140,600,000.00 Net Margins-15.43% Pretax Margin-21.17% Return on Equity-8.81% Return on Assets-2.41% Debt Debt-to-Equity Ratio2.29 Current Ratio0.75 Quick Ratio0.75 Sales & Book Value Annual Sales$369.59 million Price / Sales0.39 Cash Flow$0.58 per share Price / Cash Flow24.07 Book Value$66.73 per share Price / Book0.21Miscellaneous Outstanding Shares10,380,000Free Float9,992,000Market Cap$143.71 million OptionableOptionable Beta2.34 Social Links Metaverse Stocks And Why You Can't Ignore ThemThinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.Get This Free Report Key ExecutivesMr. J. Heath Deneke (Age 49)Pres, CEO & Chairman of Summit Midstream GP, LLC Comp: $3.03MMr. William J. Mault (Age 37)Exec. VP & CFO of Summit Midstream GP, LLC Comp: $1.04MMr. James David Johnston (Age 53)Exec. VP, Gen. Counsel, Sec. & Chief Compliance Officer of Summit Midstream GP LLC Comp: $1.53MMr. Hugo GuerreroSr. VP of Engineering & Operations of Summit Midstream GP LLCMr. Matthew B. Sicinski (Age 46)Sr. VP & Chief Accounting Officer of Summit Midstream GP LLC Randall BurtonDirector of Fin., Treasurer & Investor RelationsMs. Carrie VrunoVP & Controller of Summit Midstream GP LLCMore ExecutivesKey CompetitorsNGL Energy PartnersNYSE:NGLProfire EnergyNASDAQ:PFIEPHX MineralsNYSE:PHXVerde Clean FuelsNASDAQ:VGASNine Energy ServiceNYSE:NINEView All CompetitorsInsiders & InstitutionsOsaic Holdings Inc.Bought 2,093 shares on 8/21/2023Ownership: 0.021%Royal Bank of CanadaSold 2,000 shares on 8/15/2023Ownership: 0.138%Citadel Advisors LLCBought 1,900 shares on 8/15/2023Ownership: 0.000%JPMorgan Chase & Co.Bought 10,742 shares on 8/11/2023Ownership: 1.997%Osaic Holdings Inc.Bought 2,093 shares on 8/10/2023Ownership: 0.022%View All Insider TransactionsView All Institutional Transactions SMLP Stock - Frequently Asked Questions Should I buy or sell Summit Midstream Partners stock right now? 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Summit Midstream Partners in the last year. There are currently 1 sell rating and 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" SMLP shares. View SMLP analyst ratings or view top-rated stocks. What is Summit Midstream Partners' stock price forecast for 2023? 2 analysts have issued twelve-month price objectives for Summit Midstream Partners' stock. Their SMLP share price forecasts range from $20.00 to $22.00. On average, they predict the company's stock price to reach $21.00 in the next year. This suggests a possible upside of 51.7% from the stock's current price. View analysts price targets for SMLP or view top-rated stocks among Wall Street analysts. How have SMLP shares performed in 2023? Summit Midstream Partners' stock was trading at $16.68 at the beginning of 2023. Since then, SMLP stock has decreased by 17.0% and is now trading at $13.8450. View the best growth stocks for 2023 here. Are investors shorting Summit Midstream Partners? Summit Midstream Partners saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 13,000 shares, an increase of 21.5% from the August 15th total of 10,700 shares. Based on an average daily volume of 9,100 shares, the short-interest ratio is presently 1.4 days. Approximately 0.1% of the shares of the company are sold short. View Summit Midstream Partners' Short Interest. When is Summit Midstream Partners' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023. View our SMLP earnings forecast. How were Summit Midstream Partners' earnings last quarter? Summit Midstream Partners, LP (NYSE:SMLP) released its quarterly earnings data on Wednesday, August, 9th. The pipeline company reported ($1.91) earnings per share (EPS) for the quarter. The pipeline company earned $97.89 million during the quarter. Summit Midstream Partners had a negative net margin of 15.43% and a negative trailing twelve-month return on equity of 8.81%. What ETF holds Summit Midstream Partners' stock ? Global X MLP ETF holds 100 shares of SMLP stock, representing 0.00% of its portfolio. When did Summit Midstream Partners' stock split? Summit Midstream Partners shares reverse split on 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 closing bell on Monday, November 9th 2020. An investor that had 100 shares of 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 Chief Executive Officer Steve Newby on Glassdoor.com. Steve Newby has an approval rating of 100% among the company's 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? Based on aggregate information from My MarketBeat watchlists, some companies that other Summit Midstream Partners investors own include Chembio Diagnostics (CEMI), Prospect Capital (PSEC), Washington Prime Group (WPG), Two Harbors Investment (TWO), New Residential Investment (NRZ), Calumet Specialty Products Partners (CLMT), BlackRock Capital Investment (BKCC), CBL & Associates Properties (CBL), Golar LNG Partners (GMLP) and NovoCure (NVCR). What is Summit Midstream Partners' stock symbol? Summit Midstream Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "SMLP." 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 $13.85. How much money does Summit Midstream Partners make? Summit Midstream Partners (NYSE:SMLP) has a market capitalization of $143.71 million and generates $369.59 million in revenue each year. The pipeline company earns $-140,600,000.00 in net income (profit) each year or ($8.04) on an earnings per share basis. How many employees does Summit Midstream Partners have? The company employs 252 workers across the globe. Does Summit Midstream Partners have any subsidiaries? The following companies are subsidiares of Summit Midstream Partners: Bison Midstream LLC, DFW Midstream Services LLC, Epping Transmission Company LLC, Grand River Gathering LLC, Meadowlark Midstream Company LLC, Mountaineer Midstream Company LLC, Polar Midstream LLC, Red Rock Gathering Company LLC, Summit Midstream Finance Corp., Summit Midstream Holdings LLC, Summit Midstream Marketing LLC, Summit Midstream Niobrara LLC, Summit Midstream OpCo LP, Summit Midstream Permian Finance LLC, Summit Midstream Permian II LLC, Summit Midstream Permian LLC, Summit Midstream Utica LLC, Summit Permian Transmission Holdco LLC, and Summit Permian Transmission LLC.Read More 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 the company 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 10/1/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Summit Midstream Partners, LP Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.