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BREAKING: Tiny biotech successfully treats blindness (Ad)
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S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
BREAKING: Tiny biotech successfully treats blindness (Ad)
Federal student loan payments are starting again. Here's what you need to know
Facing increasing pressure from customers, some miners are switching to renewable energy
BREAKING: Tiny biotech successfully treats blindness (Ad)
Rishi Sunak needs to rally his flagging Conservatives. He hopes a dash of populism will do the trick
The death toll in a collapsed gold mine in Zimbabwe expected to rise to 13, vice president says
BREAKING: Tiny biotech successfully treats blindness (Ad)
Bank of Japan survey shows manufacturers optimistic about economy
Grant program for Black women entrepreneurs blocked by federal appeals court
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
BREAKING: Tiny biotech successfully treats blindness (Ad)
Federal student loan payments are starting again. Here's what you need to know
Facing increasing pressure from customers, some miners are switching to renewable energy
BREAKING: Tiny biotech successfully treats blindness (Ad)
Rishi Sunak needs to rally his flagging Conservatives. He hopes a dash of populism will do the trick
The death toll in a collapsed gold mine in Zimbabwe expected to rise to 13, vice president says
BREAKING: Tiny biotech successfully treats blindness (Ad)
Bank of Japan survey shows manufacturers optimistic about economy
Grant program for Black women entrepreneurs blocked by federal appeals court
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
BREAKING: Tiny biotech successfully treats blindness (Ad)
Federal student loan payments are starting again. Here's what you need to know
Facing increasing pressure from customers, some miners are switching to renewable energy
BREAKING: Tiny biotech successfully treats blindness (Ad)
Rishi Sunak needs to rally his flagging Conservatives. He hopes a dash of populism will do the trick
The death toll in a collapsed gold mine in Zimbabwe expected to rise to 13, vice president says
BREAKING: Tiny biotech successfully treats blindness (Ad)
Bank of Japan survey shows manufacturers optimistic about economy
Grant program for Black women entrepreneurs blocked by federal appeals court
NYSE:SMLP

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

$13.84
-0.04 (-0.29%)
(As of 09/29/2023 ET)
Compare
Today's Range
$13.79
$14.15
50-Day Range
$13.05
$16.16
52-Week Range
$13.00
$21.49
Volume
3,796 shs
Average Volume
13,691 shs
Market Capitalization
$143.71 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$21.00

Summit Midstream Partners MarketRank™ Forecast

Analyst Rating
Reduce
1.50 Rating Score
Upside/​Downside
51.7% Upside
$21.00 Price Target
Short Interest
Healthy
0.13% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
N/A

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 stars

Oils/Energy Sector

201st out of 245 stocks

Natural Gas Transmission Industry

13th out of 18 stocks


SMLP stock logo

About Summit Midstream Partners (NYSE:SMLP) Stock

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 Price History

SMLP Stock News Headlines

Q2 2023 Summit Midstream Partners LP Earnings Call
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%...
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%...
Summit Midstream Partners: Lofty Goals For 2023
See More Headlines
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SMLP Company Calendar

Last Earnings
8/09/2023
Today
10/01/2023
Next Earnings (Estimated)
11/02/2023
Fiscal Year End
12/31/2023

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 Forecast
$21.00
High Stock Price Forecast
$22.00
Low Stock Price Forecast
$20.00
Forecasted Upside/Downside
+51.7%
Consensus Rating
Reduce
Rating Score (0-4)
1.50
Research Coverage
2 Analysts

Profitability

Net Income
$-140,600,000.00
Pretax Margin
-21.17%

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
$143.71 million
Optionable
Optionable
Beta
2.34

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Key Executives

  • Mr. J. Heath Deneke (Age 49)
    Pres, CEO & Chairman of Summit Midstream GP, LLC
    Comp: $3.03M
  • Mr. William J. Mault (Age 37)
    Exec. VP & CFO of Summit Midstream GP, LLC
    Comp: $1.04M
  • Mr. James David Johnston (Age 53)
    Exec. VP, Gen. Counsel, Sec. & Chief Compliance Officer of Summit Midstream GP LLC
    Comp: $1.53M
  • Mr. Hugo Guerrero
    Sr. VP of Engineering & Operations of Summit Midstream GP LLC
  • Mr. Matthew B. Sicinski (Age 46)
    Sr. VP & Chief Accounting Officer of Summit Midstream GP LLC
  • Randall Burton
    Director of Fin., Treasurer & Investor Relations
  • Ms. Carrie Vruno
    VP & Controller of Summit Midstream GP LLC













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?
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

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