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NYSE:SMLP

Summit Midstream Partners Stock Forecast, Price & News

$16.94
+1.32 (+8.45 %)
(As of 12/4/2020 12:00 AM ET)
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Today's Range
$16.04
Now: $16.94
$16.95
50-Day Range
$0.88
MA: $12.59
$15.77
52-Week Range
$7.50
Now: $16.94
$55.20
Volume85,533 shs
Average Volume49,577 shs
Market Capitalization$63.95 million
P/E RatioN/A
Dividend YieldN/A
Beta3.16
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 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 and southeastern Wyoming; 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 the Fort Worth Basin that comprises the Barnett Shale formation in north-central Texas. 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 headquartered in Houston, Texas.
Summit Midstream Partners logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.6Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.09 out of 5 stars


Industry, Sector and Symbol

Industry Natural gas transmission
Sub-IndustryN/A
CUSIPN/A
Phone832-413-4770
EmployeesN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$443.53 million
Cash Flow$30.80 per share
Book Value$5.03 per share

Profitability

Net Income$-369,830,000.00

Miscellaneous

Market Cap$63.95 million
Next Earnings Date2/26/2021 (Estimated)
OptionableOptionable
$16.94
+1.32 (+8.45 %)
(As of 12/4/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Summit Midstream Partners (NYSE:SMLP) Frequently Asked Questions

How has Summit Midstream Partners' stock been impacted by COVID-19?

Summit Midstream Partners' stock was trading at $15.30 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SMLP stock has increased by 10.7% and is now trading at $16.94.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Summit Midstream Partners?

4 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 1 hold rating for the stock, resulting in a consensus recommendation of "Sell."
View analyst ratings for Summit Midstream Partners
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Summit Midstream Partners?

Wall Street analysts have given Summit Midstream Partners a "Sell" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year 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.

When is Summit Midstream Partners' next earnings date?

Summit Midstream Partners is scheduled to release its next quarterly earnings announcement on Friday, February 26th 2021.
View our earnings forecast for Summit Midstream Partners
.

How were Summit Midstream Partners' earnings last quarter?

Summit Midstream Partners, LP (NYSE:SMLP) released its quarterly earnings results on Friday, November, 8th. The pipeline company reported ($3.15) EPS for the quarter, missing the consensus estimate of $2.40 by $5.55. The pipeline company had revenue of $100.19 million for the quarter, compared to analyst estimates of $115.74 million. Summit Midstream Partners had a negative net margin of 67.01% and a positive return on equity of 7.23%.
View Summit Midstream Partners' earnings history
.

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 Wednesday, January 29th. Investors of record on Friday, February 7th will be given a dividend of $1.875 per share on Friday, February 14th. This represents a $7.50 dividend on an annualized basis and a yield of 44.27%. The ex-dividend date is Thursday, February 6th. This is a positive change from Summit Midstream Partners's previous quarterly dividend of $0.29.
View Summit Midstream Partners' dividend history
.

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

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 market closes 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?

4 analysts have issued 1 year price targets for Summit Midstream Partners' shares. Their forecasts range from $15.00 to $45.00. On average, they anticipate Summit Midstream Partners' share price to reach $25.00 in the next twelve months. This suggests a possible upside of 47.6% from the stock's current price.
View analysts' price targets for Summit Midstream Partners
.

Are investors shorting Summit Midstream Partners?

Summit Midstream Partners saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 65,900 shares, a decline of 91.6% from the October 31st total of 787,500 shares. Based on an average daily trading volume, of 75,300 shares, the short-interest ratio is currently 0.9 days.
View Summit Midstream Partners' Short Interest
.

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 following people:
  • Mr. J. Heath Deneke, Pres, CEO & Chairman of Summit Midstream GP, LLC (Age 46, Pay $882.74k)
  • Mr. Marc David Stratton, Exec. VP & CFO of Summit Midstream GP, LLC (Age 42, Pay $461.93k)
  • Ms. Louise E. Matthews, Exec. VP & Chief Admin. Officer of Summit Midstream GP, LLC (Age 50, Pay $505.45k)
  • Mr. David Kimsey, Chief Accounting Officer & VP of Summit Midstream GP LLC
  • Mr. Blake Motley, VP of Strategy & Head of Investor Relations of Summit Midstream GP, LLC
  • Mr. James David Johnston, Exec. VP, Gen. Counsel & Chief Compliance Officer of Summit Midstream GP LLC
  • Mr. Ross Wong, Sr. Director of Corp. Devel. & Fin.
  • Mr. Ryan Simmons CFA, Sr. VP of Corp. Devel. - Summit Midstream GP LLC
  • Mr. Michael Corwin Smith, Sr. VP of Corp. Devel. - Summit Midstream GP LLC (Age 48)
  • Ms. Carrie Vruno, VP & Controller of Summit Midstream GP LLC

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 institutional and retail investors. Top institutional investors include Kayne Anderson Capital Advisors LP (5.40%), Wells Fargo & Company MN (1.00%), AEGON USA Investment Management LLC (0.66%), Morgan Stanley (9.02%) and GSA Capital Partners LLP (0.59%).
View institutional ownership trends 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 Kayne Anderson Capital Advisors LP, Wells Fargo & Company MN, GSA Capital Partners LLP, Morgan Stanley, and AEGON USA Investment Management LLC.
View insider buying and selling activity 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 $16.94.

How big of a company is Summit Midstream Partners?

Summit Midstream Partners has a market capitalization of $63.95 million and generates $443.53 million in revenue each year.

What is Summit Midstream Partners' official website?

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

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 12/5/2020 by MarketBeat.com Staff

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