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NYSE:SMLPSummit Midstream Partners Stock Price, Forecast & News

$1.47
+0.16 (+12.21 %)
(As of 06/2/2020 04:00 PM ET)
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Today's Range
$1.18
Now: $1.47
$1.49
50-Day Range
$0.73
MA: $0.91
$1.47
52-Week Range
$0.50
Now: $1.47
$8.00
Volume720,100 shs
Average Volume600,678 shs
Market Capitalization$139.00 million
P/E RatioN/A
Dividend Yield34.01%
Beta3.38
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. The company 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 The Woodlands, Texas.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.7Community Rank: 2.9Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.58 out of 5 stars


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$443.53 million
Cash Flow$1.73 per share
Book Value$5.03 per share

Profitability

Net Income$-369,830,000.00

Miscellaneous

EmployeesN/A
Market Cap$139.00 million
Next Earnings Date8/14/2020 (Estimated)
OptionableOptionable

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Summit Midstream Partners (NYSE:SMLP) Frequently Asked Questions

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

Summit Midstream Partners' stock was trading at $1.02 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SMLP stock has increased by 44.1% and is now trading at $1.47. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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 4 sell ratings and 3 hold ratings for the stock, resulting in a consensus recommendation of "Sell." View analyst ratings for Summit Midstream Partners.

When is Summit Midstream Partners' next earnings date?

Summit Midstream Partners is scheduled to release its next quarterly earnings announcement on Friday, August 14th 2020. View our earnings forecast for Summit Midstream Partners.

How were Summit Midstream Partners' earnings last quarter?

Summit Midstream Partners LP (NYSE:SMLP) issued its quarterly earnings results on Friday, November, 8th. The pipeline company reported ($0.21) earnings per share for the quarter, missing the Thomson Reuters' 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 negative net margin of 78.56% and a positive return on equity of 6.45%. 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 declared a quarterly dividend on Wednesday, January 29th. Stockholders of record on Friday, February 7th will be paid a dividend of $0.125 per share on Friday, February 14th. This represents a $0.50 annualized dividend and a yield of 34.01%. The ex-dividend date of this dividend is Thursday, February 6th. View Summit Midstream Partners' dividend history.

What price target have analysts set for SMLP?

7 brokerages have issued 12-month price objectives for Summit Midstream Partners' shares. Their forecasts range from $3.00 to $6.50. On average, they anticipate Summit Midstream Partners' share price to reach $5.00 in the next year. This suggests a possible upside of 240.1% from the stock's current price. View analysts' price targets for Summit Midstream Partners.

Has Summit Midstream Partners been receiving favorable news coverage?

News stories about SMLP stock have been trending negative this week, according to InfoTrie Sentiment. The research firm scores the sentiment of press coverage by monitoring 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 nearest to five being the most favorable. Summit Midstream Partners earned a daily sentiment score of -2.8 on InfoTrie's scale. They also assigned media coverage about the pipeline company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutSummit Midstream Partners.

Are investors shorting Summit Midstream Partners?

Summit Midstream Partners saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 1,550,000 shares, a decline of 26.2% from the April 30th total of 2,100,000 shares. Based on an average daily trading volume, of 651,300 shares, the days-to-cover ratio is currently 2.4 days. Approximately 3.8% of the company's shares 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 following 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

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 many different retail and institutional investors. Top institutional shareholders include JPMorgan Chase & Co. (0.72%), First Trust Advisors LP (0.19%), UBS Group AG (0.12%), CNH Partners LLC (0.10%) and Commonwealth of Pennsylvania Public School Empls Retrmt SYS (0.09%). Company insiders that own Summit Midstream Partners stock include Brad N Graves and Brock M Degeyter. 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 UBS Group AG. View insider buying and selling activity for Summit Midstream Partners.

Which institutional investors are buying Summit Midstream Partners stock?

SMLP stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Commonwealth of Pennsylvania Public School Empls Retrmt SYS, First Trust Advisors LP, and CNH Partners 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 $1.47.

How big of a company is Summit Midstream Partners?

Summit Midstream Partners has a market capitalization of $139.00 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 6/3/2020 by MarketBeat.com Staff

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