stoxline Quote Chart Rank Option Currency Glossary
  
Summit Midstream Partners, LP (SMLP)
28.15  0.66 (2.4%)    04-23 13:42
Open: 27.22
High: 28.15
Volume: 10,783
  
Pre. Close: 27.49
Low: 27.22
Market Cap: 293(M)
Technical analysis
2024-04-23 1:23:10 PM
Short term     
Mid term     
Targets 6-month :  34.08 1-year :  39.8
Resists First :  29.18 Second :  34.08
Pivot price 28.13
Supports First :  21.81 Second :  17.26
MAs MA(5) :  27.83 MA(20) :  28.17
MA(100) :  20.21 MA(250) :  17.65
MACD MACD :  1.3 Signal :  1.7
%K %D K(14,3) :  33.1 D(3) :  33.9
RSI RSI(14): 65.3
52-week High :  29.18 Low :  13
Price, MAs and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently above mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is BULLISH in short-term; and BULLISH in mid-long term.
[ SMLP ] has closed above bottom band by 28.5%. Bollinger Bands are 70.8% narrower than normal. The narrow width of the bands suggests low volatility as compared to its normal range. The bands have been in this narrow range for 7 bars. This is a sign that the market may be about to initiate a new trend.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 28.38 - 28.61 28.61 - 28.77
Low: 26.53 - 26.78 26.78 - 26.95
Close: 27.16 - 27.55 27.55 - 27.81
Company Description

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.

Headline News

Wed, 17 Apr 2024
Summit Midstream Partners (NYSE:SMLP) Stock Passes Above 200-Day Moving Average of $19.42 - MarketBeat

Fri, 12 Apr 2024
Summit Midstream Partners, LP (NYSE:SMLP) Sees Significant Growth in Short Interest - MarketBeat

Tue, 09 Apr 2024
Summit Midstream Partners (SMLP): The Market Has Yet To Understand Its Recent Success - Seeking Alpha

Wed, 27 Mar 2024
Summit Midstream Partners, LP Announces Excess Cash Flow Offer to Purchase up to $19331000 Aggregate Principal ... - Fairfield Sun Times

Fri, 22 Mar 2024
Summit Midstream Partners, LP Announces Sale of Utica Position for $625 Million - PR Newswire

Sat, 16 Mar 2024
Summit Midstream Partners, LP (NYSE:SMLP) Q4 2023 Earnings Call Transcript - Yahoo Finance

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Underperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Underperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Underperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Neutral
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Underperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Outperform
Stock Basics & Statistics
Exchange:
NYSE
Sector:
Energy
Industry:
Oil & Gas Midstream
Shares Out 10 (M)
Shares Float 9 (M)
Held by Insiders 13.7 (%)
Held by Institutions 44.7 (%)
Shares Short 65 (K)
Shares Short P.Month 39 (K)
Stock Financials
EPS -6.12
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 59.9
Profit Margin -8.5 %
Operating Margin 19.5 %
Return on Assets (ttm) 2 %
Return on Equity (ttm) -4.6 %
Qtrly Rev. Growth 48 %
Gross Profit (p.s.) 0
Sales Per Share 44.13
EBITDA (p.s.) 19.62
Qtrly Earnings Growth 0 %
Operating Cash Flow 127 (M)
Levered Free Cash Flow 49 (M)
Stock Valuations
PE Ratio -4.57
PEG Ratio 0
Price to Book value 0.46
Price to Sales 0.63
Price to Cash Flow 2.28
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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