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

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$7.69 -0.17 (-2.16 %)
(As of 05/24/2019 03:02 AM ET)
Previous Close$7.86
Today's Range$7.57 - $7.88
52-Week Range$7.57 - $17.73
Volume283,800 shs
Average Volume519,384 shs
Market Capitalization$635.92 million
P/E Ratio128.17
Dividend Yield14.63%
Beta1.7
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. 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$506.65 million
Cash Flow$1.9370 per share
Book Value$10.14 per share

Profitability

Net Income$42.18 million

Miscellaneous

EmployeesN/A
Market Cap$635.92 million
Next Earnings Date8/1/2019 (Estimated)
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 declared a quarterly dividend on Friday, April 26th. Investors of record on Wednesday, May 8th will be paid a dividend of $0.2875 per share on Wednesday, May 15th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 14.95%. The ex-dividend date is Tuesday, May 7th. View Summit Midstream Partners' Dividend History.

How were Summit Midstream Partners' earnings last quarter?

Summit Midstream Partners LP (NYSE:SMLP) posted its quarterly earnings results on Tuesday, February, 26th. The pipeline company reported $0.39 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.24 by $0.15. The pipeline company earned $133.67 million during the quarter, compared to analysts' expectations of $109.40 million. Summit Midstream Partners had a net margin of 1.78% and a return on equity of 13.50%. 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, August 1st 2019. View Earnings Estimates for Summit Midstream Partners.

What guidance has Summit Midstream Partners issued on next quarter's earnings?

Summit Midstream Partners issued an update on its fourth quarter earnings guidance on Tuesday, February, 26th. The company provided earnings per share guidance of $0.39 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.27. The company issued revenue guidance of $133.7 million, compared to the consensus revenue estimate of $112.13 million.

What price target have analysts set for SMLP?

8 brokerages have issued twelve-month target prices for Summit Midstream Partners' shares. Their predictions range from $9.00 to $19.00. On average, they expect Summit Midstream Partners' stock price to reach $14.6250 in the next twelve months. This suggests a possible upside of 90.2% from the stock's current price. View Analyst Price Targets for Summit Midstream Partners.

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

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Midstream Partners in the last year. There are currently 2 sell ratings, 4 hold ratings and 2 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 headlines about SMLP stock have been trending neutral this week, according to InfoTrie Sentiment. The research firm scores the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Summit Midstream Partners earned a media sentiment score of 0.2 on InfoTrie's scale. They also gave news stories about the pipeline company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the immediate future.

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

Who are Summit Midstream Partners' major shareholders?

Summit Midstream Partners' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include OppenheimerFunds Inc. (18.08%), Goldman Sachs Group Inc. (1.38%), Kayne Anderson Capital Advisors LP (1.21%), JPMorgan Chase & Co. (0.65%), Westwood Holdings Group Inc. (0.41%) and Citigroup Inc. (0.39%). 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 major investors are selling Summit Midstream Partners stock?

SMLP stock was sold by a variety of institutional investors in the last quarter, including Kayne Anderson Capital Advisors LP, JPMorgan Chase & Co., Goldman Sachs Group Inc., Westwood Holdings Group Inc., Morgan Stanley, Bramshill Investments LLC, Wells Fargo & Company MN and Mosaic Family Wealth LLC. Company insiders that have sold Summit Midstream Partners company stock in the last year include Brad N Graves and Brock M Degeyter. View Insider Buying and Selling for Summit Midstream Partners.

Which major investors are buying Summit Midstream Partners stock?

SMLP stock was purchased by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Citigroup Inc., California Public Employees Retirement System, CIBC Private Wealth Group LLC, OppenheimerFunds Inc., Jane Street Group LLC, Creative Planning and Fort Washington Investment Advisors Inc. OH. 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 $7.69.

How big of a company is Summit Midstream Partners?

Summit Midstream Partners has a market capitalization of $635.92 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.

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:  2.7 out of 5 (star star)
Outperform Votes:  355 (Vote Outperform)
Underperform Votes:  309 (Vote Underperform)
Total Votes:  664
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 5/24/2019 by MarketBeat.com Staff

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