Are Analysts Bearish Summit Midstream Partners LP (NYSE:SMLP) After Last Week?

July 18, 2017 - By Stephen Andrade

 Are Analysts Bearish Summit Midstream Partners LP (NYSE:SMLP) After Last Week?
Investors sentiment decreased to 1.08 in 2016 Q4. Its down 1.12, from 2.2 in 2016Q3. It is negative, 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.
Oxbow Advisors Ltd Liability Com holds 1.2% or 380,773 shares. Deutsche Fincl Bank Ag holds 216,804 shares. Goodwin Daniel L reported 15,383 shares. Polaris Greystone Fincl Group Ltd Com reported 0.1% of its portfolio in Summit Midstream Partners LP (NYSE:SMLP). Gsa Partners Llp has invested 0.03% of its portfolio in Summit Midstream Partners LP (NYSE:SMLP). Barclays Public Ltd Company reported 50,681 shares or 0% of all its holdings. Rafferty Asset Mgmt Ltd Liability Corporation reported 0.13% of its portfolio in Summit Midstream Partners LP (NYSE:SMLP). Guggenheim Limited Liability has invested 0% in Summit Midstream Partners LP (NYSE:SMLP). Salient Capital Advsrs Limited Co holds 0.09% or 189,697 shares in its portfolio. Wells Fargo Mn has invested 0% of its portfolio in Summit Midstream Partners LP (NYSE:SMLP). Royal Bankshares Of Canada has invested 0% of its portfolio in Summit Midstream Partners LP (NYSE:SMLP). Fort Washington Investment Advsrs Oh has invested 0.04% in Summit Midstream Partners LP (NYSE:SMLP). Citigroup Inc invested in 0% or 193,007 shares. Minnesota-based Walleye Trading Limited Com has invested 0% in Summit Midstream Partners LP (NYSE:SMLP). Credit Capital Invs Limited Liability has 13,900 shares for 0.45% of their portfolio.

Since February 3, 2017, it had 0 insider purchases, and 3 sales for $191.31 million activity. Shares for $96.00M were sold by ENERGY CAPITAL PARTNERS II – LLC on Friday, February 3. SUMMIT MIDSTREAM PARTNERS – LLC had sold 4.00 million shares worth $94.64 million on Friday, February 3. Newby Steven J had sold 29,000 shares worth $673,592 on Friday, March 17.

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. The firm has “Buy” rating given on Monday, June 5 by RBC Capital Markets. Credit Suisse initiated the stock with “Neutral” rating in Tuesday, May 24 report. The stock has “Buy” rating by RBC Capital Markets on Thursday, July 6. The rating was downgraded by Credit Suisse on Friday, January 27 to “Neutral”. The stock has “Neutral” rating by Goldman Sachs on Thursday, May 12. The stock of Summit Midstream Partners LP (NYSE:SMLP) earned “Outperform” rating by Robert W. Baird on Friday, August 12. The stock of Summit Midstream Partners LP (NYSE:SMLP) earned “Market Perform” rating by Wells Fargo on Monday, January 18. The stock of Summit Midstream Partners LP (NYSE:SMLP) earned “Outperform” rating by RBC Capital Markets on Tuesday, September 6. The firm earned “Neutral” rating on Friday, March 11 by Goldman Sachs. The firm has “Outperform” rating by Wells Fargo given on Wednesday, January 11. 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 Amendment and Extension of $1.25 …” on May 30, 2017, also Nasdaq.com with their article: “Summit Midstream Partners, LP (SMLP) Ex-Dividend Date Scheduled for February …” published on February 02, 2017, Bizjournals.com published: “Woodlands-based midstream co., Exxon’s XTO Energy strike deal for Permian system” on July 07, 2017. More interesting news about Summit Midstream Partners LP (NYSE:SMLP) were released by: Bizjournals.com and their article: “What Exxon’s new energy deal means for NM’s Permian” published on July 11, 2017 as well as Prnewswire.com‘s news article titled: “Summit Midstream Partners, LP Reports First Quarter 2017 Financial Results” with publication date: May 04, 2017.

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