NYSE:SMLP

Summit Midstream Partners Stock Forecast, Price & News

$25.75
+1.88 (+7.88 %)
(As of 05/7/2021 12:00 AM ET)
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Today's Range
$23.88
$27.97
50-Day Range
$20.83
$27.31
52-Week Range
$8.85
$33.75
Volume104,879 shs
Average Volume76,330 shs
Market Capitalization$157.33 million
P/E RatioN/A
Dividend YieldN/A
Beta3.29
30 days | 90 days | 365 days | Advanced Chart
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Industry, Sector and Symbol

Industry Natural gas transmission
Sub-IndustryN/A
CUSIPN/A
Phone832-413-4770
Employees220
Year FoundedN/A

Sales & Book Value

Annual Sales$443.53 million
Cash Flow$33.88 per share
Book Value$75.35 per share

Profitability

Net Income$-369,830,000.00

Debt

Price-To-Earnings

Miscellaneous

Market Cap$157.33 million
Next Earnings Date8/6/2021 (Estimated)
OptionableOptionable

Headlines

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Summit Midstream Partners logo

About Summit Midstream Partners

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. The company was founded in 2009 and is headquartered in Houston, Texas.

MarketRank

Overall MarketRank

0.85 out of 5 stars

Oils/Energy Sector

324th out of 668 stocks

Natural Gas Transmission Industry

27th out of 36 stocks

Analyst Opinion: 0.8Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -
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Summit Midstream Partners (NYSE:SMLP) Frequently Asked Questions

Is Summit Midstream Partners a buy right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Summit Midstream Partners in the last twelve months. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Summit Midstream Partners stock. 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 analyst ratings for Summit Midstream Partners
or view top-rated stocks.

What stocks does MarketBeat like better than Summit Midstream Partners?

Wall Street analysts have given Summit Midstream Partners a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Summit Midstream Partners wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Summit Midstream Partners?

Summit Midstream Partners saw a drop in short interest in April. As of April 15th, there was short interest totaling 96,300 shares, a drop of 19.3% from the March 31st total of 119,300 shares. Based on an average daily volume of 68,300 shares, the days-to-cover ratio is presently 1.4 days. Approximately 1.7% of the shares of the company are short sold.
View Summit Midstream Partners' Short Interest
.

When is Summit Midstream Partners' next earnings date?

Summit Midstream Partners is scheduled to release its next quarterly earnings announcement on Friday, August 6th 2021.
View our earnings forecast for Summit Midstream Partners
.

How were Summit Midstream Partners' earnings last quarter?

Summit Midstream Partners, LP (NYSE:SMLP) issued its earnings results on Friday, May, 7th. The pipeline company reported $0.12 EPS for the quarter, beating the Zacks' consensus estimate of ($0.80) by $0.92. Summit Midstream Partners had a positive trailing twelve-month return on equity of 7.05% and a negative net margin of 59.61%.
View Summit Midstream Partners' earnings history
.

How has Summit Midstream Partners' stock been impacted by Coronavirus?

Summit Midstream Partners' stock was trading at $15.30 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, SMLP shares have increased by 68.3% and is now trading at $25.75.
View which stocks have been most impacted by COVID-19
.

When did Summit Midstream Partners' stock split? How did Summit Midstream Partners' stock split work?

Summit Midstream Partners's stock 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 Summit Midstream Partners stock prior to the reverse split would have 7 shares after the split.

What price target have analysts set for SMLP?

3 Wall Street analysts have issued twelve-month price targets for Summit Midstream Partners' shares. Their forecasts range from $15.00 to $15.00. On average, they expect Summit Midstream Partners' stock price to reach $15.00 in the next twelve months. This suggests that the stock has a possible downside of 41.7%.
View analysts' price targets for Summit Midstream Partners
or view top-rated stocks among Wall Street analysts.

Who are Summit Midstream Partners' key executives?

Summit Midstream Partners' management team includes the following people:
  • Mr. J. Heath Deneke, Pres, CEO & Chairman of Summit Midstream GP, LLC (Age 47, Pay $2.09M)
  • Mr. Marc David Stratton, Exec. VP & CFO of Summit Midstream GP, LLC (Age 43, Pay $1.02M)
  • Mr. James David Johnston, Exec. VP, Gen. Counsel & Chief Compliance Officer of Summit Midstream GP LLC (Age 51, Pay $1M)
  • Mr. Matthew B. Sicinski, VP & Chief Accounting Officer of Summit Midstream GP LLC
  • Mr. Blake Motley, VP of Strategy & Head of Investor Relations of Summit Midstream GP, LLC
  • Mr. Ross Wong, Sr. Director of Corp. Devel. & Fin.
  • Mr. Ryan Simmons CFA, Sr. VP of Commercial - Summit Midstream GP LLC
  • Mr. Michael Corwin Smith, Sr. VP of Corp. Devel. - Summit Midstream GP LLC (Age 49)
  • Mr. Hugo Guerrero, Sr. VP of Engineering & Operations of Summit Midstream GP LLC
  • Ms. Carrie Vruno, VP & Controller of Summit Midstream GP LLC

What is Steve Newby's approval rating as Summit Midstream Partners' CEO?

6 employees have rated Summit Midstream Partners CEO Steve Newby on Glassdoor.com. Steve Newby has an approval rating of 100% among Summit Midstream Partners' employees. This puts Steve Newby in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Summit Midstream Partners' key competitors?

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."

Who are Summit Midstream Partners' major shareholders?

Summit Midstream Partners' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include CQS US LLC (0.93%) and AEGON USA Investment Management LLC (0.25%).
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 AEGON USA Investment Management LLC.
View insider buying and selling activity for Summit Midstream Partners
or view top insider-selling stocks.

Which institutional investors are buying Summit Midstream Partners stock?

SMLP stock was bought by a variety of institutional investors in the last quarter, including CQS US LLC.
View insider buying and selling activity for Summit Midstream Partners
or or view top insider-buying stocks.

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 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 $25.75.

How much money does Summit Midstream Partners make?

Summit Midstream Partners has a market capitalization of $157.33 million and generates $443.53 million in revenue each year.

How many employees does Summit Midstream Partners have?

Summit Midstream Partners employs 220 workers across the globe.

What is Summit Midstream Partners' official website?

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

Where are Summit Midstream Partners' headquarters?

Summit Midstream Partners is headquartered at 910 LOUISIANA STREET SUITE 4200, HOUSTON TX, 77002.

How can I contact Summit Midstream Partners?

Summit Midstream Partners' mailing address is 910 LOUISIANA STREET SUITE 4200, HOUSTON TX, 77002. The pipeline company can be reached via phone at 832-413-4770 or via email at [email protected]


This page was last updated on 5/9/2021 by MarketBeat.com Staff
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