$0.16 EPS Expected for Summit Midstream Partners, LP (SMLP)

February 14, 2018 - By Marie Mckinney

 $0.16 EPS Expected for Summit Midstream Partners, LP (SMLP)
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.
Evergreen Cap Management Limited accumulated 361,700 shares or 0.85% of the stock. Metropolitan Life Insur Ny invested 0.01% in Summit Midstream Partners, LP (NYSE:SMLP). Bnp Paribas Arbitrage Sa accumulated 0% or 5,242 shares. Georgia-based Atlantic Trust Group Ltd Liability Corp has invested 0.09% in Summit Midstream Partners, LP (NYSE:SMLP). Twin Focus Cap Prtnrs Ltd holds 0.21% of its portfolio in Summit Midstream Partners, LP (NYSE:SMLP) for 20,000 shares. Manufacturers Life Ins Communications The holds 2,312 shares. Center Coast Advsr Ltd Partnership, a Texas-based fund reported 1.45 million shares. Credit Investments Ltd Llc holds 0.26% in Summit Midstream Partners, LP (NYSE:SMLP) or 11,720 shares. Wells Fargo And Co Mn reported 50,651 shares or 0% of all its holdings. 409,013 were reported by First Tru Advsr L P. Jpmorgan Chase & has 676,736 shares. Raymond James Associate owns 46,950 shares. Green Square Limited Liability Corp holds 0.06% of its portfolio in Summit Midstream Partners, LP (NYSE:SMLP) for 16,274 shares. Stifel Financial has invested 0% in Summit Midstream Partners, LP (NYSE:SMLP). Van Eck Associate reported 53,817 shares.

Analysts expect Summit Midstream Partners, LP (NYSE:SMLP) to report $0.16 EPS on February, 22.They anticipate $0.00 EPS change or 0.00 % from last quarter’s $0.16 EPS. SMLP’s profit would be $11.92 million giving it 32.27 P/E if the $0.16 EPS is correct. After having $1.22 EPS previously, Summit Midstream Partners, LP’s analysts see -86.89 % EPS growth. The stock increased 0.98% or $0.2 during the last trading session, reaching $20.65. About 61,068 shares traded. Summit Midstream Partners, LP (NYSE:SMLP) has risen 6.71% since February 14, 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. As per Friday, August 12, the company rating was upgraded by Robert W. Baird. On Thursday, March 10 the stock rating was downgraded by Citigroup to “Neutral”. The stock of Summit Midstream Partners, LP (NYSE:SMLP) has “Sell” rating given on Tuesday, July 18 by Barclays Capital. The stock of Summit Midstream Partners, LP (NYSE:SMLP) has “Neutral” rating given on Friday, March 11 by Goldman Sachs. The stock of Summit Midstream Partners, LP (NYSE:SMLP) earned “Outperform” rating by RBC Capital Markets on Tuesday, September 6. The rating was maintained by Robert W. Baird with “Buy” on Friday, November 3. The rating was maintained by RBC Capital Markets with “Buy” on Thursday, July 6. Wells Fargo upgraded Summit Midstream Partners, LP (NYSE:SMLP) on Wednesday, January 11 to “Outperform” rating. Credit Suisse initiated the shares of SMLP in report on Tuesday, May 24 with “Neutral” rating. The stock has “Buy” rating by RBC Capital Markets on Monday, June 5.

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 $1.54 billion. The firm provides natural gas gathering, treating, and processing services. It has a 14.05 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 Second Quarter 2017 Distribution …” on July 27, 2017, also Prnewswire.com with their article: “Summit Midstream Partners, LP Reports Third Quarter 2017 Financial Results” published on November 02, 2017, Prnewswire.com published: “Summit Midstream Partners, LP Announces Open Season for Double E Natural Gas …” on January 29, 2018. More interesting news about Summit Midstream Partners, LP (NYSE:SMLP) were released by: Seekingalpha.com and their article: “Summit Midstream Partners’ (SMLP) CEO Steve Newby on Q3 2017 Results …” published on November 03, 2017 as well as Prnewswire.com‘s news article titled: “Summit Midstream Partners, LP Announces Third Quarter 2017 Distribution and …” with publication date: October 26, 2017.

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