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

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$14.90 -0.15 (-1.00 %)
(As of 09/26/2018 01:00 AM ET)
Previous Close$15.05
Today's Range$14.65 - $15.15
52-Week Range$13.10 - $22.95
Volume325,300 shs
Average Volume228,870 shs
Market Capitalization$1.20 billion
P/E Ratio9.09
Dividend Yield14.33%
Beta1.95
Summit Midstream Partners logoSummit 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.

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Industry, Sector and Symbol

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

Debt

Debt-to-Equity Ratio1.22
Current Ratio1.11
Quick Ratio1.11

Price-To-Earnings

Trailing P/E Ratio9.09
Forward P/E Ratio-31.04
P/E GrowthN/A

Sales & Book Value

Annual Sales$488.74 million
Price / Sales2.28
Cash Flow$3.1501 per share
Price / Cash4.73
Book Value$14.69 per share
Price / Book1.01

Profitability

EPS (Most Recent Fiscal Year)$1.64
Net Income$85.68 million
Net Margins4.33%
Return on Equity7.98%
Return on Assets2.85%

Miscellaneous

EmployeesN/A
Outstanding Shares74,850,000
Market Cap$1.20 billion

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, July 27th. Shareholders of record on Tuesday, August 7th will be paid a dividend of $0.575 per share on Tuesday, August 14th. This represents a $2.30 annualized dividend and a yield of 15.44%. The ex-dividend date of this dividend is Monday, August 6th. View Summit Midstream Partners' Dividend History.

How were Summit Midstream Partners' earnings last quarter?

Summit Midstream Partners LP (NYSE:SMLP) released its quarterly earnings data on Thursday, August, 2nd. The pipeline company reported $0.15 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.20 by $0.05. The pipeline company earned $128.18 million during the quarter, compared to analysts' expectations of $106.24 million. Summit Midstream Partners had a net margin of 4.33% and a return on equity of 7.98%. 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 Wednesday, November, 7th 2018. View Earnings Estimates for Summit Midstream Partners.

What price target have analysts set for SMLP?

9 equities research analysts have issued twelve-month target prices for Summit Midstream Partners' stock. Their forecasts range from $16.00 to $22.00. On average, they anticipate Summit Midstream Partners' stock price to reach $19.00 in the next twelve months. This suggests a possible upside of 27.5% from the stock's current price. View Analyst Price Targets for Summit Midstream Partners.

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

9 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 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Summit Midstream Partners.

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 a number of of institutional and retail investors. Top institutional investors include OppenheimerFunds Inc. (11.67%), Kayne Anderson Capital Advisors LP (4.15%), Bank of America Corp DE (1.12%), CIBC Private Wealth Group LLC (1.09%), Commonwealth of Pennsylvania Public School Empls Retrmt SYS (0.85%) and Spirit of America Management Corp NY (0.25%). 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 major investors are selling Summit Midstream Partners stock?

SMLP stock was sold by a variety of institutional investors in the last quarter, including Spirit of America Management Corp NY, Raymond James & Associates, Advisors Asset Management Inc., Bramshill Investments LLC and BNP Paribas Arbitrage SA. 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 major investors are buying Summit Midstream Partners stock?

SMLP stock was purchased by a variety of institutional investors in the last quarter, including Commonwealth of Pennsylvania Public School Empls Retrmt SYS, OppenheimerFunds Inc., Kayne Anderson Capital Advisors LP, CIBC Private Wealth Group LLC, Dividend Assets Capital LLC, GSA Capital Partners LLP, Bank of America Corp DE and West Family Investments Inc.. 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 $14.90.

How big of a company is Summit Midstream Partners?

Summit Midstream Partners has a market capitalization of $1.20 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:  270 (Vote Outperform)
Underperform Votes:  271 (Vote Underperform)
Total Votes:  541
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 9/26/2018 by MarketBeat.com Staff

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