Summit Midstream Partners Stock Buy Hold or Sell Recommendation
| SMLP Stock | USD 27.91 0.07 0.25% |
Given the investment horizon of 90 days and your typical level of risk aversion, our recommendation regarding Summit Midstream Partners is 'Strong Buy'. Macroaxis provides Summit Midstream buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding SMLP positions. The advice algorithm takes into account all of Summit Midstream's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Summit Midstream's buy or sell advice are summarized below:
Real Value 25.82 | Target Price 22 | Hype Value 28.25 | Market Value 27.91 | Naive Value 25.19 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Summit Midstream Partners given historical horizon and risk tolerance towards Summit Midstream. When Macroaxis issues a 'buy' or 'sell' recommendation for Summit Midstream Partners, the advice is generated through an automated system that utilizes algorithms and statistical models.
Summit |
Execute Summit Midstream Buy or Sell Advice
The Summit recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Summit Midstream Partners. Macroaxis does not own or have any residual interests in Summit Midstream Partners or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Summit Midstream's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Buy
Market Performance | Good | Details | |
Volatility | Not too volatile | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Sell | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Summit Midstream Trading Alerts and Improvement Suggestions
| Summit Midstream is way too risky over 90 days horizon | |
| Summit Midstream appears to be risky and price may revert if volatility continues | |
| The company currently holds 1.48 B in liabilities with Debt to Equity (D/E) ratio of 1.35, which is about average as compared to similar companies. Summit Midstream Partners has a current ratio of 0.89, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Summit Midstream until it has trouble settling it off, either with new capital or with free cash flow. So, Summit Midstream's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Summit Midstream Partners sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Summit to invest in growth at high rates of return. When we think about Summit Midstream's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 458.9 M. Net Loss for the year was (38.95 M) with profit before overhead, payroll, taxes, and interest of 209.55 M. | |
| About 13.0% of Summit Midstream outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Summit Midstream Partners Share Price Crosses Above Two Hundred Day Moving Average of 19.42 - MarketBeat |
Summit Midstream Returns Distribution Density
The distribution of Summit Midstream's historical returns is an attempt to chart the uncertainty of Summit Midstream's future price movements. The chart of the probability distribution of Summit Midstream daily returns describes the distribution of returns around its average expected value. We use Summit Midstream Partners price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Summit Midstream returns is essential to provide solid investment advice for Summit Midstream.
| Mean Return | 0.95 | Value At Risk | -3.79 | Potential Upside | 7.31 | Standard Deviation | 5.58 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Summit Midstream historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Summit Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Summit Midstream is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Summit Midstream Partners backward and forwards among themselves. Summit Midstream's institutional investor refers to the entity that pools money to purchase Summit Midstream's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Farallon Capital Management, L.l.c. | 2023-12-31 | 58.2 K | Blackstone Inc | 2023-12-31 | 58 K | Wells Fargo & Co | 2023-12-31 | 42.9 K | Public Employees Retirement System Of Ohio | 2023-12-31 | 30.4 K | Aegon Usa Investment Management Llc | 2023-12-31 | 26.4 K | Royal Bank Of Canada | 2023-12-31 | 20 K | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 16.3 K | Valeo Financial Advisors, Llc | 2023-12-31 | 15.1 K | Ubs Group Ag | 2023-12-31 | 15 K | Amvescap Plc. | 2023-12-31 | 910.4 K | Shenkman Capital Management Inc | 2023-12-31 | 893.9 K |
Summit Midstream Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | 11.7M | (11.8M) | 107K | 5.6M | 5.1M | 5.3M | |
| Change In Cash | 28.0M | (21.4M) | 4.0M | (6.0M) | 3.1M | 3.3M | |
| Free Cash Flow | 46K | 155.5M | 140.1M | 68.3M | 58.0M | 60.9M | |
| Depreciation | 111.4M | 119.1M | 120.0M | 120.0M | 125.0M | 96.1M | |
| Other Non Cash Items | 5.5M | 9.9M | 8.1M | 111.6M | (36.2M) | (34.4M) | |
| Capital Expenditures | 182.3M | 43.1M | 25.0M | 30.5M | 68.9M | 65.5M | |
| Net Income | (369.8M) | 189.1M | (19.9M) | (123.5M) | (38.9M) | (40.9M) | |
| End Period Cash Flow | 32.3M | 15.5M | 19.6M | 13.5M | 16.6M | 16.4M | |
| Dividends Paid | 145.1M | 284.3M | 0.0 | 3.3M | 6.5M | 6.2M | |
| Investments | (4.0M) | (99.9M) | (148.7M) | (8.4M) | (369.8M) | (351.3M) | |
| Change Receivables | (4.3M) | 35.4M | (178K) | 284K | 326.6K | 342.9K | |
| Net Borrowings | 58.8M | 171.1M | 25.5M | 128.3M | 115.5M | 90.8M | |
| Change To Netincome | 456.2M | 35.4M | 52.2M | 119.7M | 137.6M | 140.0M |
Summit Midstream Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Summit Midstream or Oil, Gas & Consumable Fuels sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Summit Midstream's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Summit stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.91 | |
β | Beta against NYSE Composite | 0.43 | |
σ | Overall volatility | 5.73 | |
Ir | Information ratio | 0.15 |
Summit Midstream Volatility Alert
Summit Midstream Partners currently demonstrates below-average downside deviation. It has Information Ratio of 0.15 and Jensen Alpha of 0.91. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Summit Midstream's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Summit Midstream's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Summit Midstream Fundamentals Vs Peers
Comparing Summit Midstream's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Summit Midstream's direct or indirect competition across all of the common fundamentals between Summit Midstream and the related equities. This way, we can detect undervalued stocks with similar characteristics as Summit Midstream or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Summit Midstream's fundamental indicators could also be used in its relative valuation, which is a method of valuing Summit Midstream by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Summit Midstream to competition |
| Fundamentals | Summit Midstream | Peer Average |
| Return On Equity | -0.0451 | -0.31 |
| Return On Asset | 0.02 | -0.14 |
| Profit Margin | (0.08) % | (1.27) % |
| Operating Margin | 0.20 % | (5.51) % |
| Current Valuation | 1.98 B | 16.62 B |
| Shares Outstanding | 10.42 M | 571.82 M |
| Shares Owned By Insiders | 13.40 % | 10.09 % |
| Shares Owned By Institutions | 44.74 % | 39.21 % |
| Number Of Shares Shorted | 65.37 K | 4.71 M |
| Price To Earning | 0.28 X | 28.72 X |
| Price To Book | 0.41 X | 9.51 X |
| Price To Sales | 0.64 X | 11.42 X |
| Revenue | 458.9 M | 9.43 B |
| Gross Profit | 209.55 M | 27.38 B |
| EBITDA | 205.79 M | 3.9 B |
| Net Income | (38.95 M) | 570.98 M |
| Cash And Equivalents | 12.37 M | 2.7 B |
| Cash Per Share | 1.22 X | 5.01 X |
| Total Debt | 1.48 B | 5.32 B |
| Debt To Equity | 1.35 % | 48.70 % |
| Current Ratio | 0.91 X | 2.16 X |
| Book Value Per Share | 59.91 X | 1.93 K |
| Cash Flow From Operations | 126.91 M | 971.22 M |
| Short Ratio | 0.67 X | 4.00 X |
| Earnings Per Share | (6.11) X | 3.12 X |
| Price To Earnings To Growth | 20.05 X | 4.89 X |
| Target Price | 22.0 | |
| Number Of Employees | 244 | 18.84 K |
| Beta | 2.41 | -0.15 |
| Market Capitalization | 291.61 M | 19.03 B |
| Total Asset | 2.49 B | 29.47 B |
| Retained Earnings | (143.41 M) | 9.33 B |
| Working Capital | (35.59 M) | 1.48 B |
Note: Disposition of 6581 shares by Jerry Peters of Summit Midstream subject to Rule 16b-3 [view details]
Summit Midstream Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Summit . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Summit Midstream Buy or Sell Advice
When is the right time to buy or sell Summit Midstream Partners? Buying financial instruments such as Summit Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Other Current Liabilities | 3.7M | 84.3M | 81.4M | 85.4M | Total Assets | 2.5B | 2.6B | 2.5B | 2.3B |
Use Investing Ideas to Build Portfolios
In addition to having Summit Midstream in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Farming
Companies producing farming products and providing services for farmers. The Farming theme has 37 constituents at this time.
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Check out Summit Midstream Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Complementary Tools for Summit Stock analysis
When running Summit Midstream's price analysis, check to measure Summit Midstream's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Summit Midstream is operating at the current time. Most of Summit Midstream's value examination focuses on studying past and present price action to predict the probability of Summit Midstream's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Summit Midstream's price. Additionally, you may evaluate how the addition of Summit Midstream to your portfolios can decrease your overall portfolio volatility.
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Is Summit Midstream's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Summit Midstream. If investors know Summit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Summit Midstream listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 10 | Earnings Share (6.11) | Revenue Per Share 44.498 | Quarterly Revenue Growth 0.48 | Return On Assets 0.02 |
The market value of Summit Midstream Partners is measured differently than its book value, which is the value of Summit that is recorded on the company's balance sheet. Investors also form their own opinion of Summit Midstream's value that differs from its market value or its book value, called intrinsic value, which is Summit Midstream's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Summit Midstream's market value can be influenced by many factors that don't directly affect Summit Midstream's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Summit Midstream's value and its price as these two are different measures arrived at by different means. Investors typically determine if Summit Midstream is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Summit Midstream's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.