Summit Midstream Partners, (SMLP) Earns Daily Media Sentiment Rating of 0.10
Press coverage about Summit Midstream Partners, (NYSE:SMLP) has trended somewhat positive this week, according to Accern. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Summit Midstream Partners, earned a news impact score of 0.10 on Accern’s scale. Accern also assigned media coverage about the pipeline company an impact score of 47.3196836218023 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Summit Midstream Partners, (NYSE SMLP) traded down 1.64% during mid-day trading on Friday, reaching $20.95. 366,306 shares of the company traded hands. Summit Midstream Partners, has a 52-week low of $19.95 and a 52-week high of $26.50. The company has a market capitalization of $1.53 billion, a P/E ratio of 88.77 and a beta of 1.71. The firm’s 50 day moving average price is $22.94 and its 200-day moving average price is $23.33.
Summit Midstream Partners, (NYSE:SMLP) last released its quarterly earnings results on Thursday, August 3rd. The pipeline company reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.14. The firm had revenue of $101.79 million during the quarter, compared to analysts’ expectations of $99.40 million. Summit Midstream Partners, had a return on equity of 3.55% and a net margin of 5.78%. Equities analysts predict that Summit Midstream Partners, will post ($0.55) earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, August 7th will be issued a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 10.98%. The ex-dividend date of this dividend is Thursday, August 3rd. Summit Midstream Partners,’s dividend payout ratio is presently 958.37%.
SMLP has been the subject of several recent research reports. BidaskClub lowered shares of Summit Midstream Partners, from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 10th. Zacks Investment Research lowered shares of Summit Midstream Partners, from a “hold” rating to a “sell” rating in a research note on Wednesday, June 14th. ValuEngine raised shares of Summit Midstream Partners, from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Barclays PLC lowered shares of Summit Midstream Partners, from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $25.00 to $24.00 in a research note on Tuesday, July 18th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $28.00 price objective on shares of Summit Midstream Partners, in a research note on Tuesday, June 6th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Summit Midstream Partners, currently has an average rating of “Hold” and a consensus target price of $26.17.
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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.
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