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

$5.53
+0.35 (+6.76 %)
(As of 09/17/2019 08:00 AM ET)
Today's Range
$5.26
Now: $5.53
$5.57
50-Day Range
$4.38
MA: $5.57
$7.88
52-Week Range
$4.33
Now: $5.53
$16.88
Volume392,300 shs
Average Volume219,584 shs
Market Capitalization$457.33 million
P/E Ratio5.13
Dividend Yield22.20%
Beta1.65
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$2.1858 per share
Book Value$12.39 per share

Profitability

Net Income$42.18 million

Miscellaneous

EmployeesN/A
Market Cap$457.33 million
Next Earnings Date11/14/2019 (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, July 25th. Investors of record on Wednesday, August 7th will be paid a dividend of $0.287 per share on Wednesday, August 14th. This represents a $1.15 annualized dividend and a yield of 20.76%. The ex-dividend date of this dividend is Tuesday, August 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 results on Friday, August, 9th. The pipeline company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.16 by $0.19. The pipeline company earned $99.69 million during the quarter, compared to the consensus estimate of $108.50 million. Summit Midstream Partners had a return on equity of 12.35% and a net margin of 13.00%. 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 Thursday, November 14th 2019. View Earnings Estimates for Summit Midstream Partners.

What price target have analysts set for SMLP?

7 Wall Street analysts have issued 1 year target prices for Summit Midstream Partners' shares. Their forecasts range from $5.00 to $19.00. On average, they expect Summit Midstream Partners' share price to reach $8.3571 in the next twelve months. This suggests a possible upside of 51.1% 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, 4 hold ratings and 1 buy rating 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?

Media headlines about SMLP stock have trended somewhat positive this week, InfoTrie Sentiment reports. The research firm identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Summit Midstream Partners earned a coverage optimism score of 0.9 on InfoTrie's scale. They also gave media headlines about the pipeline company a news buzz of 1.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for Summit Midstream Partners.

Are investors shorting Summit Midstream Partners?

Summit Midstream Partners saw a increase in short interest in August. As of August 31st, there was short interest totalling 2,342,800 shares, an increase of 17.2% from the July 31st total of 1,998,900 shares. Based on an average daily trading volume, of 286,900 shares, the days-to-cover ratio is currently 8.2 days. Currently, 5.7% of the shares of the company are short sold. View Summit Midstream Partners' Current Options Chain.

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 many different of institutional and retail investors. Top institutional shareholders include Invesco Ltd. (16.87%), Brookfield Asset Management Inc. (4.28%), Bank of America Corp DE (1.08%), JPMorgan Chase & Co. (0.89%), Cohen & Steers Inc. (0.46%) and Bank of Montreal Can (0.37%). 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 major investors are selling Summit Midstream Partners stock?

SMLP stock was sold by a variety of institutional investors in the last quarter, including Fort Washington Investment Advisors Inc. OH, Morgan Stanley, Russell Investments Group Ltd., Jane Street Group LLC and Royal Bank of Canada. Company insiders that have sold Summit Midstream Partners company stock in the last year include Brad N Graves and Brock M Degeyter. View Insider Buying and Selling for Summit Midstream Partners.

Which major investors are buying Summit Midstream Partners stock?

SMLP stock was acquired by a variety of institutional investors in the last quarter, including Invesco Ltd., Brookfield Asset Management Inc., JPMorgan Chase & Co., Bank of America Corp DE, Bank of Montreal Can, Wells Fargo & Company MN, Cohen & Steers Inc. and Susquehanna Fundamental Investments LLC. 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 $5.53.

How big of a company is Summit Midstream Partners?

Summit Midstream Partners has a market capitalization of $457.35 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, 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:  2.7 out of 5 (star star)
Outperform Votes:  395 (Vote Outperform)
Underperform Votes:  334 (Vote Underperform)
Total Votes:  729
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 9/17/2019 by MarketBeat.com Staff

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