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

$3.24
-0.07 (-2.11 %)
(As of 12/11/2019 01:59 PM ET)
Today's Range
$3.17
Now: $3.25
$3.39
50-Day Range
$2.89
MA: $3.97
$5.25
52-Week Range
$2.81
Now: $3.25
$14.45
Volume267,778 shs
Average Volume404,110 shs
Market Capitalization$268.52 million
P/E Ratio54.08
Dividend Yield38.08%
Beta1.55
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. Read More…

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$2.30 per share
Book Value$12.39 per share

Profitability

Net Income$42.18 million

Miscellaneous

EmployeesN/A
Market Cap$268.52 million
Next Earnings Date2/25/2020 (Estimated)
OptionableOptionable

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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 Thursday, October 24th. Shareholders of record on Thursday, November 7th will be given a dividend of $0.287 per share on Thursday, November 14th. This represents a $1.15 dividend on an annualized basis and a yield of 35.43%. The ex-dividend date of this dividend is Wednesday, November 6th. View Summit Midstream Partners' Dividend History.

How were Summit Midstream Partners' earnings last quarter?

Summit Midstream Partners LP (NYSE:SMLP) announced its quarterly earnings data on Friday, November, 8th. The pipeline company reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.16 by $0.37. The pipeline company earned $100.19 million during the quarter, compared to the consensus estimate of $115.74 million. Summit Midstream Partners had a positive return on equity of 6.81% and a negative net margin of 0.88%. 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 Tuesday, February 25th 2020. View Earnings Estimates for Summit Midstream Partners.

What price target have analysts set for SMLP?

7 brokers have issued 1-year price objectives for Summit Midstream Partners' shares. Their forecasts range from $4.00 to $10.00. On average, they expect Summit Midstream Partners' stock price to reach $6.21 in the next twelve months. This suggests a possible upside of 91.8% from the stock's current price. View Analyst Price Targets for Summit Midstream Partners.

What is the consensus analysts' recommendation 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 2 sell ratings and 5 hold 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 stories about SMLP stock have trended neutral on Wednesday, InfoTrie reports. The research group scores the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Summit Midstream Partners earned a media sentiment score of 0.5 on InfoTrie's scale. They also gave headlines about the pipeline company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View News Stories for Summit Midstream Partners.

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 investors include Creative Planning (0.22%), California Public Employees Retirement System (0.20%), Arrow Investment Advisors LLC (0.07%), First Trust Advisors LP (0.06%), Sumitomo Mitsui Trust Holdings Inc. (0.02%) and Virtu Financial LLC (0.02%). 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 institutional investors are selling Summit Midstream Partners stock?

SMLP stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP and Barclays PLC. View Insider Buying and Selling for Summit Midstream Partners.

Which institutional investors are buying Summit Midstream Partners stock?

SMLP stock was purchased by a variety of institutional investors in the last quarter, including Creative Planning, Sumitomo Mitsui Trust Holdings Inc., Virtu Financial LLC, Arrow Investment Advisors LLC, Teacher Retirement System of Texas, Wiley BROS. Aintree Capital LLC, Wiley BROS. Aintree Capital LLC and California Public Employees Retirement System. 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, Robinhood, Fidelity and Charles Schwab.

What is Summit Midstream Partners' stock price today?

One share of SMLP stock can currently be purchased for approximately $3.24.

How big of a company is Summit Midstream Partners?

Summit Midstream Partners has a market capitalization of $268.11 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.

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:  2.8 out of 5 (star star)
Outperform Votes:  448 (Vote Outperform)
Underperform Votes:  353 (Vote Underperform)
Total Votes:  801
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 12/11/2019 by MarketBeat.com Staff

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