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

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$9.16 -0.21 (-2.24 %)
(As of 04/24/2019 04:00 PM ET)
Previous Close$9.37
Today's Range$9.08 - $9.35
52-Week Range$8.92 - $17.73
Volume368,350 shs
Average Volume499,782 shs
Market Capitalization$686.56 million
P/E Ratio152.67
Dividend Yield24.55%
Beta1.79
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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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$2.0446 per share
Book Value$12.39 per share

Profitability

Net Income$42.18 million

Miscellaneous

EmployeesN/A
Market Cap$686.56 million
Next Earnings Date5/2/2019 (Estimated)
OptionableOptionable

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 declared a quarterly dividend on Thursday, January 24th. Shareholders of record on Thursday, February 7th will be given a dividend of $0.575 per share on Thursday, February 14th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 25.11%. The ex-dividend date is Wednesday, February 6th. View Summit Midstream Partners' Dividend History.

How were Summit Midstream Partners' earnings last quarter?

Summit Midstream Partners LP (NYSE:SMLP) released its quarterly earnings data on Tuesday, February, 26th. The pipeline company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.15. The pipeline company had revenue of $133.67 million for the quarter, compared to analyst estimates of $109.40 million. Summit Midstream Partners had a net margin of 8.36% and a return on equity of 13.80%. 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, May 2nd 2019. View Earnings Estimates for Summit Midstream Partners.

What guidance has Summit Midstream Partners issued on next quarter's earnings?

Summit Midstream Partners updated its fourth quarter earnings guidance on Tuesday, February, 26th. The company provided earnings per share guidance of $0.39 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.27. The company issued revenue guidance of $133.7 million, compared to the consensus revenue estimate of $112.13 million.

What price target have analysts set for SMLP?

8 analysts have issued twelve-month price objectives for Summit Midstream Partners' stock. Their predictions range from $9.00 to $20.00. On average, they anticipate Summit Midstream Partners' share price to reach $15.8750 in the next year. This suggests a possible upside of 73.3% from the stock's current price. View Analyst Price Targets for Summit Midstream Partners.

What is the consensus analysts' recommendation for Summit Midstream Partners?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Summit Midstream Partners in the last year. There are currently 2 sell ratings, 3 hold ratings and 3 buy ratings 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?

News coverage about SMLP stock has trended somewhat negative recently, InfoTrie Sentiment reports. The research group ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Summit Midstream Partners earned a news sentiment score of -1.1 on InfoTrie's scale. They also gave news coverage about the pipeline company a news buzz of 4.0 out of 10, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near term.

Are investors shorting Summit Midstream Partners?

Summit Midstream Partners saw a increase in short interest in the month of March. As of March 15th, there was short interest totalling 2,214,538 shares, an increase of 83.9% from the February 28th total of 1,204,148 shares. Based on an average daily volume of 815,486 shares, the days-to-cover ratio is currently 2.7 days. Approximately 5.4% of the company's shares are sold short. 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 a number of of institutional and retail investors. Top institutional investors include Creative Planning (0.10%) and Penbrook Management LLC (0.03%). 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 Penbrook Management LLC. 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 purchased by a variety of institutional investors in the last quarter, including Creative Planning. 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, Scottrade, Fidelity and Charles Schwab.

What is Summit Midstream Partners' stock price today?

One share of SMLP stock can currently be purchased for approximately $9.16.

How big of a company is Summit Midstream Partners?

Summit Midstream Partners has a market capitalization of $686.56 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.

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 SUITE 500, 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:  343 (Vote Outperform)
Underperform Votes:  303 (Vote Underperform)
Total Votes:  646
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 4/24/2019 by MarketBeat.com Staff

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