S&P 500   5,096.27
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Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
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How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
Bezos and Gates Invest in Search for Tech's Best-Kept Secret (Ad)
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Revolutionary Device Redefines Cancer Detection (Ad)
Stock market today: World stocks track Wall Street gains, Japan shares hit record high
China's manufacturing activity contracts for 5th straight month despite policy support
S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
Bezos and Gates Invest in Search for Tech's Best-Kept Secret (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
Bezos and Gates Invest in Search for Tech's Best-Kept Secret (Ad)
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
Revolutionary Device Redefines Cancer Detection (Ad)
Stock market today: World stocks track Wall Street gains, Japan shares hit record high
China's manufacturing activity contracts for 5th straight month despite policy support
S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
Bezos and Gates Invest in Search for Tech's Best-Kept Secret (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
Bezos and Gates Invest in Search for Tech's Best-Kept Secret (Ad)
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
Revolutionary Device Redefines Cancer Detection (Ad)
Stock market today: World stocks track Wall Street gains, Japan shares hit record high
China's manufacturing activity contracts for 5th straight month despite policy support
S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
Bezos and Gates Invest in Search for Tech's Best-Kept Secret (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
Bezos and Gates Invest in Search for Tech's Best-Kept Secret (Ad)
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
Revolutionary Device Redefines Cancer Detection (Ad)
Stock market today: World stocks track Wall Street gains, Japan shares hit record high
China's manufacturing activity contracts for 5th straight month despite policy support
NYSE:SMLP

Summit Midstream Partners (SMLP) Stock Price, News & Analysis

$19.55
+0.21 (+1.09%)
(As of 02/29/2024 ET)
Today's Range
$19.35
$20.14
50-Day Range
$15.69
$19.55
52-Week Range
$13.00
$21.40
Volume
22,332 shs
Average Volume
26,361 shs
Market Capitalization
$202.93 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$22.00

Summit Midstream Partners MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
12.5% Upside
$22.00 Price Target
Short Interest
Healthy
0.28% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.00mentions of Summit Midstream Partners in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.50 out of 5 stars

Oils/Energy Sector

229th out of 236 stocks

Natural Gas Transmission Industry

18th out of 18 stocks


SMLP stock logo

About Summit Midstream Partners Stock (NYSE:SMLP)

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. Summit Midstream Partners, LP was founded in 2009 and is based in Houston, Texas.

SMLP Stock Price History

SMLP Stock News Headlines

Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Summit Midstream Partners L.P.
Summit Midstream Partners, LP (SMLP)
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Q3 2023 Summit Midstream Partners LP Earnings Call
Summit Midstream Engages Advisors to Weigh Sale
Summit Midstream Reviewing Strategic Alternatives Including Sale
Q2 2023 Summit Midstream Partners LP Earnings Call
See More Headlines
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Company Calendar

Last Earnings
11/04/2021
Today
3/01/2024
Next Earnings (Confirmed)
3/15/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Natural gas transmission
Sub-Industry
N/A
Fax
N/A
Employees
252
Year Founded
2009

Price Target and Rating

Average Stock Price Target
$22.00
High Stock Price Target
$22.00
Low Stock Price Target
$22.00
Potential Upside/Downside
+12.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$-140,600,000.00
Pretax Margin
-17.76%

Debt

Sales & Book Value

Annual Sales
$369.59 million
Cash Flow
$0.58 per share
Book Value
$66.73 per share

Miscellaneous

Free Float
9,992,000
Market Cap
$202.93 million
Optionable
Optionable
Beta
2.23

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Key Executives

  • Mr. J. Heath Deneke (Age 50)
    President, CEO & Chairman of Summit Midstream GP, LLC
    Comp: $3.03M
  • Mr. William J. Mault (Age 38)
    Executive VP & CFO of Summit Midstream GP, LLC
    Comp: $1.04M
  • Mr. James David Johnston (Age 54)
    Executive VP, General Counsel, Secretary & Chief Compliance Officer of Summit Midstream GP LLC
    Comp: $1.53M
  • Mr. Hugo Guerrero
    Senior Vice President of Engineering & Operations of Summit Midstream GP LLC
  • Mr. Matthew B. Sicinski (Age 47)
    Senior VP & Chief Accounting Officer of Summit Midstream GP LLC
  • Randall Burton
    Director of Finance, Treasurer & Investor Relations
  • Ms. Carrie Vruno
    VP & Controller of Summit Midstream GP LLC














SMLP Stock Analysis - 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 twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" SMLP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SMLP, but not buy additional shares or sell existing shares.
View SMLP analyst ratings
or view top-rated stocks.

What is Summit Midstream Partners' stock price target for 2024?

1 brokers have issued 1 year price targets for Summit Midstream Partners' shares. Their SMLP share price targets range from $22.00 to $22.00. On average, they anticipate the company's share price to reach $22.00 in the next twelve months. This suggests a possible upside of 12.5% 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 2024?

Summit Midstream Partners' stock was trading at $17.91 at the beginning of 2024. Since then, SMLP stock has increased by 9.2% and is now trading at $19.55.
View the best growth stocks for 2024 here
.

Are investors shorting Summit Midstream Partners?

Summit Midstream Partners saw a increase in short interest in the month of January. As of January 31st, there was short interest totaling 27,500 shares, an increase of 8.7% from the January 15th total of 25,300 shares. Based on an average daily trading volume, of 19,800 shares, the short-interest ratio is currently 1.4 days. Currently, 0.3% of the company's shares 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 Friday, March 15th 2024.
View our SMLP earnings forecast
.

How can I listen to Summit Midstream Partners' earnings call?

Summit Midstream Partners will be holding an earnings conference call on Friday, March 15th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Summit Midstream Partners' earnings last quarter?

Summit Midstream Partners, LP (NYSE:SMLP) released its quarterly earnings data on Thursday, November, 4th. The pipeline company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.38. The pipeline company earned $102.05 million during the quarter. Summit Midstream Partners had a negative trailing twelve-month return on equity of 7.26% and a negative net margin of 11.43%. During the same period in the previous year, the firm posted $11.84 EPS.

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 before market open 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?
Who are Summit Midstream Partners' major shareholders?

Summit Midstream Partners' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Goldman Sachs Group Inc. (2.79%), Nomura Holdings Inc. (2.14%), Nomura Asset Management Co. Ltd. (1.45%), Royal Bank of Canada (0.19%), UBS Group AG (0.14%) and Pekin Hardy Strauss Inc. (0.12%).
View institutional ownership trends
.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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
This page (NYSE:SMLP) was last updated on 3/1/2024 by MarketBeat.com Staff