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NYSE:SMLP

Summit Midstream Partners - SMLP Stock Forecast, Price & News

$13.99
+0.39 (+2.87%)
(As of 09/26/2022 03:09 PM ET)
Add
Compare
Today's Range
$13.12
$14.05
50-Day Range
$12.85
$17.09
52-Week Range
$11.52
$39.35
Volume
1,270 shs
Average Volume
48,903 shs
Market Capitalization
$140.24 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$21.00

Summit Midstream Partners MarketRank™ Forecast

Analyst Rating
Hold
1.50 Rating Score
Upside/​Downside
50.1% Upside
$21.00 Price Target
Short Interest
Healthy
0.43% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.33mentions of Summit Midstream Partners in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$26,809 Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.74 out of 5 stars

Oils/Energy Sector

206th out of 254 stocks

Natural Gas Transmission Industry

13th out of 18 stocks

SMLP stock logo

About Summit Midstream Partners (NYSE:SMLP) Stock

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.

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SMLP Stock News Headlines

Can Targa Continue Rallying To Meet Its Price Target? (SMLP)
Targa Resources, which specializes in midstream energy infrastructure, has been consolidating. Can it surpass its April high and meet analysts' targets?
Summit Midstream Partners Q2 Earnings Preview
Summit Midstream Partners Q1 Earnings Preview
5 Cheap Energy Stocks Riding Oil Higher
See More Headlines
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SMLP Company Calendar

Last Earnings
8/04/2022
Today
9/26/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Natural gas transmission
Sub-Industry
N/A
Fax
N/A
Employees
209
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$21.00
High Stock Price Forecast
$24.00
Low Stock Price Forecast
$18.00
Forecasted Upside/Downside
+50.1%
Consensus Rating
Hold
Rating Score (0-4)
1.50
Research Coverage
2 Analysts

Profitability

Net Income
$-19,950,000.00
Pretax Margin
-28.35%

Debt

Sales & Book Value

Annual Sales
$400.62 million
Cash Flow
$19.99 per share
Book Value
$102.46 per share

Miscellaneous

Free Float
9,916,000
Market Cap
$140.24 million
Optionable
Optionable
Beta
2.47

Key Executives

  • Mr. J. Heath Deneke (Age 48)
    Pres, CEO & Chairman of Summit Midstream GP, LLC
    Comp: $2.03M
  • Mr. James David Johnston (Age 52)
    Exec. VP, Gen. Counsel, Sec. & Chief Compliance Officer of Summit Midstream GP LLC
    Comp: $1.22M
  • Mr. William Mault J. (Age 36)
    Exec. VP & CFO of Summit Midstream GP, LLC
  • Mr. Matthew B. Sicinski (Age 45)
    Sr. VP & Chief Accounting Officer of Summit Midstream GP LLC
  • Mr. Ross Wong
    VP of Fin., Treasurer & Investor Relations
  • Mr. Ryan Simmons CFA
    Sr. VP of Commercial - Summit Midstream GP LLC
  • Mr. Hugo Guerrero
    Sr. VP of Engineering & Operations of Summit Midstream GP LLC
  • Ms. Carrie Vruno
    VP & Controller of Summit Midstream GP LLC













SMLP Stock - Frequently Asked Questions

Should I buy or sell Summit Midstream Partners stock right now?

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

What is Summit Midstream Partners' stock price forecast for 2022?

2 Wall Street analysts have issued 1-year target prices for Summit Midstream Partners' shares. Their SMLP share price forecasts range from $18.00 to $24.00. On average, they expect the company's share price to reach $21.00 in the next twelve months. This suggests a possible upside of 54.4% from the stock's current price.
View analysts price targets for SMLP
or view top-rated stocks among Wall Street analysts.

How have SMLP shares performed in 2022?

Summit Midstream Partners' stock was trading at $22.20 at the beginning of 2022. Since then, SMLP shares have decreased by 38.7% and is now trading at $13.60.
View the best growth stocks for 2022 here
.

Are investors shorting Summit Midstream Partners?

Summit Midstream Partners saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 42,000 shares, an increase of 35.9% from the August 15th total of 30,900 shares. Based on an average trading volume of 27,500 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.4% of the shares of the stock are sold short.
View Summit Midstream Partners' Short Interest
.

When is Summit Midstream Partners' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our SMLP earnings forecast
.

How were Summit Midstream Partners' earnings last quarter?

Summit Midstream Partners, LP (NYSE:SMLP) released its quarterly earnings results on Thursday, August, 4th. The pipeline company reported ($9.53) earnings per share (EPS) for the quarter. The pipeline company earned $99.06 million during the quarter. Summit Midstream Partners had a negative net margin of 25.48% and a negative trailing twelve-month return on equity of 12.48%.

When did Summit Midstream Partners' stock split?

Summit Midstream Partners shares 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 market closes on Monday, November 9th 2020. An investor that had 100 shares of stock prior to the reverse split would have 7 shares after the split.

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

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

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 institutional and retail investors. Top institutional shareholders include Nomura Holdings Inc. (4.45%), Nomura Holdings Inc. (4.45%), AEGON USA Investment Management LLC (0.26%), Cetera Advisors LLC (0.17%), UBS Group AG (0.13%) and Concourse Financial Group Securities Inc. (0.00%).
View institutional ownership trends
.

How do I buy shares of Summit Midstream Partners?

Shares of SMLP stock 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 $13.60.

How much money does Summit Midstream Partners make?

Summit Midstream Partners (NYSE:SMLP) has a market capitalization of $136.33 million and generates $400.62 million in revenue each year. The pipeline company earns $-19,950,000.00 in net income (profit) each year or ($11.80) on an earnings per share basis.

How many employees does Summit Midstream Partners have?

The company employs 209 workers across the globe.

How can I contact Summit Midstream Partners?

Summit Midstream Partners' mailing address is 910 LOUISIANA STREET SUITE 4200, HOUSTON TX, 77002. The official website for the company is www.summitmidstream.com. The pipeline company can be reached via phone at (832) 413-4770 or via email at ir@summitmidstream.com.

This page (NYSE:SMLP) was last updated on 9/26/2022 by MarketBeat.com Staff

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