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

Summit Midstream Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "SMLP."

Summit Midstream Partners announced a quarterly dividend on Wednesday, January 29th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.125 per share on Friday, February 14th. This represents a $0.50 annualized dividend and a yield of 21.93%. The ex-dividend date of this dividend is Thursday, February 6th. View Summit Midstream Partners' Dividend History.

Summit Midstream Partners LP (NYSE:SMLP) announced its earnings results on Friday, November, 8th. The pipeline company reported ($0.21) EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.16 by $0.37. The pipeline company earned $100.19 million during the quarter, compared to analyst estimates of $115.74 million. Summit Midstream Partners had a negative net margin of 0.88% and a positive return on equity of 6.81%. View Summit Midstream Partners' Earnings History.

Summit Midstream Partners is scheduled to release their next quarterly earnings announcement on Thursday, May 7th 2020. View Earnings Estimates for Summit Midstream Partners.

7 brokerages have issued 1 year price targets for Summit Midstream Partners' shares. Their forecasts range from $3.00 to $10.00. On average, they expect Summit Midstream Partners' share price to reach $5.71 in the next twelve months. This suggests a possible upside of 150.6% from the stock's current price. View Analyst Price Targets for Summit Midstream Partners.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Midstream Partners in the last year. There are currently 3 sell ratings and 4 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Summit Midstream Partners.

Media headlines about SMLP stock have been trending negative this week, according to InfoTrie. The research group identifies positive and negative media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Summit Midstream Partners earned a news sentiment score of -2.8 on InfoTrie's scale. They also gave headlines about the pipeline company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for Summit Midstream Partners.

Summit Midstream Partners saw a increase in short interest during the month of February. As of February 14th, there was short interest totalling 2,290,000 shares, an increase of 12.8% from the January 30th total of 2,030,000 shares. Based on an average trading volume of 490,300 shares, the days-to-cover ratio is currently 4.7 days. Currently, 5.5% of the shares of the company are sold short. View Summit Midstream Partners' Current Options Chain.

Some companies that are related to Summit Midstream Partners include Tc Pipelines (TRP), Enterprise Products Partners (EPD), National Grid (NGG), Kinder Morgan (KMI), Energy Transfer LP Unit (ET), Williams Companies (WMB), Targa Resources (TRGP), Tallgrass Energy (TGE), Western Midstream Partners (WES), EQM Midstream Partners (EQM), Enable Midstream Partners (ENBL), TC Pipelines (TCP), DCP Midstream (DCP), Antero Midstream (AM) and Rattler Midstream (RTLR).

Based on aggregate information from My MarketBeat watchlists, some companies that other Summit Midstream Partners investors own include Chembio Diagnostics (CEMI), Prospect Capital (PSEC), Calumet Specialty Products Partners, L.P (CLMT), Two Harbors Investment (TWO), Blackrock Capital Investment (BKCC), Washington Prime Group (WPG), Novocure (NVCR), Viper Energy Partners (VNOM), New Residential Investment (NRZ) and Roper Technologies (ROP).

Summit Midstream Partners' stock is owned by a variety of of retail and institutional investors. Top institutional investors include Brookfield Public Securities Group LLC (3.40%), Bank of America Corp DE (1.09%), Cohen & Steers Inc. (0.43%), Creative Planning (0.38%), UBS Group AG (0.18%) and California Public Employees Retirement System (0.15%). 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.

SMLP stock was sold by a variety of institutional investors in the last quarter, including Brookfield Public Securities Group LLC, Bank of America Corp DE, Citigroup Inc., UBS Group AG, Guggenheim Capital LLC, Goldman Sachs Group Inc., Cohen & Steers Inc. and California Public Employees Retirement System. View Insider Buying and Selling for Summit Midstream Partners.

SMLP stock was purchased by a variety of institutional investors in the last quarter, including Creative Planning, First Trust Advisors LP, Marshall Wace LLP, Arrow Investment Advisors LLC, Mariner Investment Group LLC and Rafferty Asset Management LLC. View Insider Buying and Selling for 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, Robinhood, Fidelity and Charles Schwab.

One share of SMLP stock can currently be purchased for approximately $2.28.

Summit Midstream Partners has a market capitalization of $213.16 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. View Additional Information About Summit Midstream Partners.

The official website for Summit Midstream Partners is http://www.summitmidstream.com/.

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]