Here’s how analysts see Summit Midstream Partners LP (NYSE:SMLP) after this past week.

July 18, 2017 - By Darrin Black

 Here's how analysts see Summit Midstream Partners LP (NYSE:SMLP) after this past week.
Investors sentiment decreased to 1.08 in 2016 Q4. Its down 1.12, from 2.2 in 2016Q3. It worsened, as 8 investors sold Summit Midstream Partners LP shares while 18 reduced holdings. 8 funds opened positions while 20 raised stakes. 31.87 million shares or 5.17% more from 30.31 million shares in 2016Q3 were reported.
Wells Fargo Mn reported 54,419 shares. Oxbow Advsrs Limited Liability Com reported 380,773 shares stake. Manufacturers Life Ins The accumulated 1,949 shares. Toronto Dominion Natl Bank accumulated 2,821 shares. Morgan Stanley invested 0.01% in Summit Midstream Partners LP (NYSE:SMLP). Evergreen Capital Management Ltd Liability Corporation reported 1.6% in Summit Midstream Partners LP (NYSE:SMLP). 2.44M were accumulated by Harvest Fund Advisors Ltd Com. Rafferty Asset Management Limited Liability has 115,885 shares. Millennium Ltd accumulated 28,290 shares. Spirit Of America Mgmt New York holds 291,208 shares or 0.85% of its portfolio. 1.28M were reported by Nuveen Asset Management. Goodwin Daniel L reported 15,383 shares. 2.64M are owned by Advisory Research. 13,900 are owned by Credit Capital Investments Ltd Liability. Commonwealth Of Pennsylvania Pub School Empls Retrmt holds 0.25% or 533,953 shares in its portfolio.

Since February 3, 2017, it had 0 insider purchases, and 3 sales for $191.31 million activity. SUMMIT MIDSTREAM PARTNERS – LLC sold $94.64M worth of stock or 4.00 million shares. ENERGY CAPITAL PARTNERS II – LLC had sold 4.00 million shares worth $96.00 million on Friday, February 3. $673,592 worth of Summit Midstream Partners LP (NYSE:SMLP) was sold by Newby Steven J.

Summit Midstream Partners LP (NYSE:SMLP) Ratings Coverage

Among 7 analysts covering Summit Midstream Partners (NYSE:SMLP), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Summit Midstream Partners had 19 analyst reports since August 7, 2015 according to SRatingsIntel. Credit Suisse initiated the shares of SMLP in report on Tuesday, May 24 with “Neutral” rating. The firm has “Neutral” rating by Goldman Sachs given on Friday, March 11. RBC Capital Markets maintained it with “Buy” rating and $2800 target in Thursday, July 6 report. As per Thursday, March 10, the company rating was downgraded by Citigroup. The stock of Summit Midstream Partners LP (NYSE:SMLP) has “Neutral” rating given on Thursday, May 12 by Goldman Sachs. On Monday, January 18 the stock rating was downgraded by Wells Fargo to “Market Perform”. On Friday, January 27 the stock rating was downgraded by Credit Suisse to “Neutral”. As per Friday, January 15, the company rating was downgraded by Wells Fargo. The firm earned “Outperform” rating on Tuesday, September 6 by RBC Capital Markets. RBC Capital Markets maintained Summit Midstream Partners LP (NYSE:SMLP) rating on Monday, June 5. RBC Capital Markets has “Buy” rating and $2800 target. Below is a list of Summit Midstream Partners LP (NYSE:SMLP) latest ratings and price target changes.

06/07/2017 Broker: RBC Capital Markets Rating: Buy New Target: $28.0000 Maintain
05/06/2017 Broker: RBC Capital Markets Rating: Buy New Target: $28.0000 Maintain
27/01/2017 Broker: Credit Suisse Old Rating: Outperform New Rating: Neutral Downgrade

The stock increased 0.83% or $0.2 on July 17, reaching $24.35. About shares traded. Summit Midstream Partners LP (NYSE:SMLP) has risen 6.71% since July 18, 2016 and is uptrending. It has underperformed by 9.99% the S&P500.

Summit Midstream Partners, LP focuses on developing, owning and operating midstream energy infrastructure assets. The company has market cap of $1.78 billion. The Company’s divisions 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 , and the Piceance Basin /DJ Basins, which includes Grand River and Niobrara G&P. It currently has negative earnings. The Company’s assets are located in the producing areas of unconventional resource basins, primarily shale formations, in the continental United States.

More notable recent Summit Midstream Partners LP (NYSE:SMLP) news were published by: Prnewswire.com which released: “Summit Midstream Partners, LP Announces Pricing of Secondary Public Offering …” on January 31, 2017, also Bizjournals.com with their article: “What Exxon’s new energy deal means for NM’s Permian” published on July 11, 2017, Prnewswire.com published: “Summit Midstream Partners, LP Reports First Quarter 2017 Financial Results” on May 04, 2017. More interesting news about Summit Midstream Partners LP (NYSE:SMLP) were released by: Prnewswire.com and their article: “Summit Midstream Partners, LP Announces Amendment and Extension of $1.25 …” published on May 30, 2017 as well as Nasdaq.com‘s news article titled: “Summit Midstream Partners, LP (SMLP) Ex-Dividend Date Scheduled for February …” with publication date: February 02, 2017.

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