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Summit Midstream Partners LP (SMLP)

23.68   0.94 (4.13%) 01-26 00:43
Open: 23.6123 Pre. Close: 22.74
High: 24.5 Low: 22.85
Volume: 41,120 Market Cap: 170M
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.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 24.535 - 24.672 24.672 - 24.798
Low: 22.502 - 22.674 22.674 - 22.832
Close: 23.425 - 23.68 23.68 - 23.914

Technical analysis

as of: 2022-01-25 4:27:12 PM
Stoxline posted a SELL today, same as yesterday. Downward movement continues.
Target: Six months: 28.58     One year: 30.62
Support: Support1: 21.64    Support2: 18.00
Resistance: Resistance1: 24.47    Resistance2: 26.22
Pivot: 24.29
Moving Average: MA(5): 23.73     MA(20): 23.84
MA(100): 30.59     MA(250): 28.76
MACD: MACD(12,26): -0.67     Signal(9): -0.80
Stochastic oscillator: %K(14,3): 32.88     %D(3): 41.23
RSI: RSI(14): 43.66
52-week: High: 46.64  Low: 14.90  Change(%): 52.3
Average Vol(K): 3-Month: 45  10-Days: 42

Price, moving averages and Bollinger Bands

Price and moving averages has closed below its Short term moving average. Short term moving average is currently below mid-term; AND below long term moving averages. From the relationship between price and moving averages; we can see that: This stock is BEARISH in short-term; and BEARISH in mid-long term.
SMLP has closed above bottom band by 23.5%. Bollinger Bands are 62.3% narrower than normal. The narrow width of the bands suggests low volatility as compared to Summit Midstream Partners LP's normal range. The bands have been in this narrow range for 3 bars. This is a sign that the market may be about to initiate a new trend.

Headline News

Thu, 13 Jan 2022
Summit Midstream Partners, LP Announces Preliminary Results of Series A Preferred Unit Exchange Offer - PRNewswire

Tue, 14 Dec 2021
Summit Midstream Partners, LP Announces Series A Preferred Unit Exchange Offer - PRNewswire

Thu, 18 Nov 2021
Summit Midstream Partners, LP Announces Commencement of Service on Double E Pipeline - PRNewswire

Fri, 05 Nov 2021
Summit Midstream Partners' Debt Offering Points Towards Survival - Seeking Alpha

Thu, 04 Nov 2021
Summit Midstream Partners, LP Reports Third Quarter 2021 Financial and Operating Results - PRNewswire

Tue, 02 Nov 2021
Summit Midstream Partners, LP Announces Closing of Private Offering of $700 Million Senior Secured Second Lien Notes and $400 Million Asset-Based Credit Facility - El Paso Inc.

Financial Analysis

Growth measures the growth of both a company's revenue and net income. it tells investors how fast a company is growing.
Profitability measures a company’s ability to generate earnings as compared to its expenses and other relevant costs.
Solvency measures a company's ability to meet its long-term debts. Acceptable solvency ratios will vary from industry to industry.
Efficiency measures the strength of a company's return on invested capital. It can identify business that are better managed or not.
Price to Book Value: Neutral Discounted cash flow: Outperform
Return on Assets: Neutral Price to Earnings: Outperform
Return on Equity: Neutral Debt to Equity: Outperform
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NYSE
Sector:  Energy
Industry:  Oil & Gas Midstream
Shares Out. (M) 7
Shares Float (M) 6
% Held by Insiders 11.55
% Held by Institutions 44.92
Shares Short (K) 117
Shares Short P. Month (K) 21

Stock Financials

EPS 20.850
EPS Est This Year
EPS Est Next Year
Book Value (p.s.) 105.760
Profit Margin 24.88
Operating Margin 14.45
Return on Assets (ttm) 1.4
Return on Equity (ttm) 10.3
Qtrly Rev. Growth 13.2
Gross Profit (p.s.) 36.503
Sales Per Share 55.614
EBITDA (p.s.) 24.510
Qtrly Earnings Growth -72.70
Operating Cash Flow (M) 180
Levered Free Cash Flow (M) 107

Stock Valuations

PE Ratio 1.14
PEG Ratio
Price to Book value 0.22
Price to Sales 0.43
Price to Cash Flow

Stock Dividends

Dividend 1.880
Forward Dividend
Dividend Yield 0.08
Dividend Pay Date 2020-11-09
Ex-Dividend Date 2020-02-05
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