S&P 500   4,455.48
DOW   34,798.00
QQQ   373.33
S&P 500   4,455.48
DOW   34,798.00
QQQ   373.33
S&P 500   4,455.48
DOW   34,798.00
QQQ   373.33
S&P 500   4,455.48
DOW   34,798.00
QQQ   373.33
NYSE:SMLP

Summit Midstream Partners Stock Forecast, Price & News

$36.45
-0.05 (-0.14 %)
(As of 09/24/2021 04:00 PM ET)
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Today's Range
$36.10
$37.14
50-Day Range
$29.65
$39.26
52-Week Range
$9.00
$46.64
Volume24,297 shs
Average Volume59,587 shs
Market Capitalization$245.86 million
P/E Ratio0.80
Dividend YieldN/A
Beta3.32
30 days | 90 days | 365 days | Advanced Chart
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Summit Midstream Partners logo

About Summit Midstream Partners

Summit Midstream Partners LP engages in the development, ownership, and operation of midstream energy infrastructure assets that are located in unconventional resource basins, primarily shale formations. It operates through the following segments: Utica Shale, Ohio Gathering, Williston Basin, DJ Basin, Permian Basin, Piceance Basin, Barnett Shale, and Marcellus Shale. The company was founded by Steven J. Newby in May 2012 and is headquartered in Houston, TX.

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MarketRank

Overall MarketRank

1.63 out of 5 stars

Oils/Energy Sector

212th out of 346 stocks

Natural Gas Transmission Industry

17th out of 29 stocks

Analyst Opinion: 0.8Community Rank: 4.8Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 2.5 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 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 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 buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Summit Midstream Partners wasn't one of them. MarketBeat thinks these five companies 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 August. As of August 31st, there was short interest totaling 8,100 shares, a drop of 50.0% from the August 15th total of 16,200 shares. Based on an average daily trading volume, of 46,400 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock 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, November 5th 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, August, 6th. The pipeline company reported $0.83 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($0.52) by $1.35. The pipeline company earned $100.04 million during the quarter, compared to analysts' expectations of $86.82 million. Summit Midstream Partners had a negative trailing twelve-month return on equity of 0.87% and a net margin of 30.54%.
View Summit Midstream Partners' earnings history
.

How has Summit Midstream Partners' stock price 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 138.2% and is now trading at $36.45.
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 brokerages have issued twelve-month price targets for Summit Midstream Partners' shares. Their forecasts range from $17.00 to $26.00. On average, they expect Summit Midstream Partners' stock price to reach $21.50 in the next year. This suggests that the stock has a possible downside of 41.0%.
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:
  • J. Heath Deneke, Chairman, President & Chief Executive Officer
  • Hugo Guerrero, Senior Vice President-Engineering & Operations
  • Marc D. Stratton, Chief Financial Officer & Executive Vice President
  • James D. Johnston, Chief Compliance Officer, EVP & General Counsel
  • Matt Sicinski, Chief Accounting Officer & Vice President

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.

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 many different retail and institutional investors. Top institutional investors include Ares Management LLC (4.39%), Bank of America Corp DE (2.61%), JPMorgan Chase & Co. (2.58%), Liberty Mutual Group Asset Management Inc. (2.12%), Morgan Stanley (1.47%) and Morgan Stanley (1.47%).
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 Blackstone Inc, Blackstone Inc, Morgan Stanley, Morgan Stanley, Ares Management LLC, and JPMorgan Chase & Co..
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 Liberty Mutual Group Asset Management Inc., Goldman Sachs Group Inc., Amundi, Marshall Wace LLP, Marshall Wace LLP, Citigroup Inc., Bank of America Corp DE, and Jump Financial 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 $36.45.

How much money does Summit Midstream Partners make?

Summit Midstream Partners has a market capitalization of $245.86 million and generates $383.47 million in revenue each year. The pipeline company earns $192.35 million in net income (profit) each year or $13.37 on an earnings per share basis.

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 9/25/2021 by MarketBeat.com Staff

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