Summit Midstream Partners (SMLP) Getting Somewhat Favorable Media Coverage, Analysis Finds

News stories about Summit Midstream Partners (NYSE:SMLP) have been trending somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Summit Midstream Partners earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned media stories about the pipeline company an impact score of 46.2854867108862 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Summit Midstream Partners (NYSE SMLP) opened at $22.00 on Friday. The stock has a market capitalization of $1,621.46, a PE ratio of 15.07 and a beta of 1.66. Summit Midstream Partners has a 12-month low of $18.30 and a 12-month high of $26.50. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.12.

Summit Midstream Partners (NYSE:SMLP) last posted its earnings results on Wednesday, November 1st. The pipeline company reported $1.22 earnings per share (EPS) for the quarter. Summit Midstream Partners had a return on equity of 11.61% and a net margin of 24.14%. equities research analysts predict that Summit Midstream Partners will post 1.6 earnings per share for the current fiscal year.

A number of analysts recently commented on SMLP shares. BidaskClub upgraded Summit Midstream Partners from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. Zacks Investment Research upgraded Summit Midstream Partners from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Tuesday, October 10th. ValuEngine upgraded Summit Midstream Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, Credit Suisse Group began coverage on Summit Midstream Partners in a research report on Thursday, January 4th. They set an “outperform” rating and a $22.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $24.50.

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Summit Midstream Partners Company Profile

Summit Midstream Partners, LP focuses on developing, owning and operating midstream energy infrastructure assets. The Company’s segments include the Utica Shale, which includes its ownership interest in Ohio Gathering, as well as Summit Utica; the Williston Basin, which includes Bison Midstream, Polar and Divide and Tioga Midstream; the Marcellus Shale, which includes Mountaineer Midstream; the Barnett Shale, which includes DFW Midstream Services LLC (DFW Midstream), and the Piceance Basin /DJ Basins, which includes Grand River and Niobrara G&P.

Insider Buying and Selling by Quarter for Summit Midstream Partners (NYSE:SMLP)

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