Summit Midstream Partners, LP (SMLP) EPS Estimated At $0.21

February 21, 2018 - By Henry Gaston

 Summit Midstream Partners, LP (SMLP) EPS Estimated At $0.21
Investors sentiment decreased to 0.83 in Q3 2017. Its down 0.50, from 1.33 in 2017Q2. It dived, as 14 investors sold Summit Midstream Partners, LP shares while 16 reduced holdings. 4 funds opened positions while 21 raised stakes. 35.75 million shares or 0.01% more from 35.74 million shares in 2017Q2 were reported.
Credit Suisse Ag invested in 45,233 shares or 0% of the stock. Guggenheim Cap owns 44,048 shares. Metropolitan Life Insurance stated it has 80,355 shares or 0.01% of all its holdings. Deutsche National Bank Ag owns 27,000 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt holds 0.19% of its portfolio in Summit Midstream Partners, LP (NYSE:SMLP) for 637,106 shares. Goldman Sachs Gru Inc reported 886,879 shares. The Texas-based Tph Asset Ltd Llc has invested 1.33% in Summit Midstream Partners, LP (NYSE:SMLP). Alliancebernstein L P, a New York-based fund reported 10,193 shares. Texas Yale Capital Corporation invested 0.03% in Summit Midstream Partners, LP (NYSE:SMLP). Credit Capital Invests Ltd holds 11,720 shares. Toronto Dominion Bankshares stated it has 0% in Summit Midstream Partners, LP (NYSE:SMLP). Atlantic Tru Group Incorporated Ltd Liability Corp stated it has 0.09% in Summit Midstream Partners, LP (NYSE:SMLP). Manufacturers Life The has invested 0% in Summit Midstream Partners, LP (NYSE:SMLP). Jpmorgan Chase & has invested 0% in Summit Midstream Partners, LP (NYSE:SMLP). United Kingdom-based Barclays Public has invested 0% in Summit Midstream Partners, LP (NYSE:SMLP).

Analysts expect Summit Midstream Partners, LP (NYSE:SMLP) to report $0.21 EPS on February, 22 after the close.They anticipate $0.05 EPS change or 31.25 % from last quarter’s $0.16 EPS. SMLP’s profit would be $15.66M giving it 23.69 P/E if the $0.21 EPS is correct. After having $1.22 EPS previously, Summit Midstream Partners, LP’s analysts see -82.79 % EPS growth. The stock increased 0.25% or $0.05 during the last trading session, reaching $19.9. About 12,421 shares traded. Summit Midstream Partners, LP (NYSE:SMLP) has risen 6.71% since February 21, 2017 and is uptrending. It has underperformed by 9.99% the S&P500.

Summit Midstream Partners, LP (NYSE:SMLP) Ratings Coverage

Among 9 analysts covering Summit Midstream Partners (NYSE:SMLP), 4 have Buy rating, 1 Sell and 4 Hold. Therefore 44% are positive. Summit Midstream Partners had 29 analyst reports since August 7, 2015 according to SRatingsIntel. The company was downgraded on Friday, March 11 by Goldman Sachs. RBC Capital Markets maintained it with “Buy” rating and $27.0 target in Monday, September 11 report. Goldman Sachs maintained the shares of SMLP in report on Thursday, May 12 with “Neutral” rating. Citigroup downgraded it to “Neutral” rating and $16.50 target in Thursday, March 10 report. The firm has “Buy” rating by Robert W. Baird given on Friday, November 3. Barclays Capital downgraded the shares of SMLP in report on Tuesday, July 18 to “Sell” rating. RBC Capital Markets maintained Summit Midstream Partners, LP (NYSE:SMLP) on Tuesday, September 6 with “Outperform” rating. The stock has “Outperform” rating by Robert W. Baird on Friday, August 11. The rating was maintained by RBC Capital Markets with “Buy” on Tuesday, January 16. The stock has “Buy” rating by Robert W. Baird on Wednesday, September 20.

Summit Midstream Partners, LP focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations in North America. The company has market cap of $1.48 billion. The firm provides natural gas gathering, treating, and processing services. It has a 13.54 P/E ratio. It operates in five unconventional resource basins, including the Appalachian Basin, which comprises the Utica and Point Pleasant shale formations in southeastern Ohio, and the Marcellus Shale formation in northern West Virginia; the Williston Basin that consists the Bakken and Three Forks shale formations in northwestern North Dakota; the Fort Worth Basin, which includes the Barnett Shale formation in north-central Texas; the Piceance Basin that comprises the Mesaverde formation, and the Mancos and Niobrara shale formations in western Colorado and eastern Utah; and the DJ Basin, which includes the Niobrara shale formation in northeastern Colorado.

More notable recent Summit Midstream Partners, LP (NYSE:SMLP) news were published by: Prnewswire.com which released: “Summit Midstream Partners, LP Announces Third Quarter 2017 Distribution and …” on October 26, 2017, also Prnewswire.com with their article: “Summit Midstream Partners, LP Announces Open Season for Double E Natural Gas …” published on January 29, 2018, Seekingalpha.com published: “Summit Midstream Partners’ (SMLP) CEO Steve Newby on Q3 2017 Results …” on November 03, 2017. More interesting news about Summit Midstream Partners, LP (NYSE:SMLP) were released by: Prnewswire.com and their article: “Summit Midstream Partners, LP Reports Third Quarter 2017 Financial Results” published on November 02, 2017 as well as Prnewswire.com‘s news article titled: “Summit Midstream Partners, LP Announces New Greenfield Development Project for …” with publication date: July 07, 2017.

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