Summit Midstream Partners Stock Analysis

SMLP Stock  USD 28.07  0.28  0.99%   
Summit Midstream Partners is fairly valued with Real Value of 27.56 and Target Price of 22.0. The main objective of Summit Midstream stock analysis is to determine its intrinsic value, which is an estimate of what Summit Midstream Partners is worth, separate from its market price. There are two main types of Summit Midstream's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Summit Midstream's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Summit Midstream's stock to identify patterns and trends that may indicate its future price movements.
The Summit Midstream stock is traded in the USA on New York Stock Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Summit Midstream is usually not traded on Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day, Labour Day. Summit Stock trading window is adjusted to America/New York timezone. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Summit Midstream's ongoing operational relationships across important fundamental and technical indicators.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Summit Midstream Partners. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Summit Stock Analysis Notes

About 14.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 0.41. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Summit Midstream Partners recorded a loss per share of 6.11. The entity last dividend was issued on the 6th of February 2020. The firm had 1:15 split on the 10th of November 2020. Summit Midstream Partners, LP focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations in the continental United States. The company was founded in 2009 and is headquartered in Houston, Texas. Summit Midstream operates under Oil Gas Midstream classification in the United States and is traded on New York Stock Exchange. It employs 209 people. To find out more about Summit Midstream Partners contact Steven Newby at 832 413 4770 or learn more at https://www.summitmidstream.com.

Summit Midstream Quarterly Total Revenue

127.32 Million

Summit Midstream Partners Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Summit Midstream's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Summit Midstream Partners or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
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 14.0% of Summit Midstream outstanding shares are owned by corporate insiders
Latest headline from seekingalpha.com: Summit Midstream to purchase outstanding 8.5 percent senior secured second notes worth 19.33M

Summit Midstream Partners Upcoming and Recent Events

Earnings reports are used by Summit Midstream to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Summit Midstream previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
23rd of February 2024
Upcoming Quarterly Report
View
31st of December 2023
Next Fiscal Quarter End
View

Summit Largest EPS Surprises

Earnings surprises can significantly impact Summit Midstream's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2018-08-02
2018-06-302.722.4-0.3211 
2017-02-23
2016-12-312.052.40.3517 
2013-05-13
2013-03-314.173.75-0.4210 
View All Earnings Estimates

Summit Midstream Thematic Classifications

In addition to having Summit Midstream stock in your portfolios, you can 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 favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
Basic Utilities Idea
Basic Utilities
Electric, gas, water, and other energy utilities

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 originate 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 Inc2023-12-31
58 K
Wells Fargo & Co2023-12-31
42.9 K
Public Employees Retirement System Of Ohio2023-12-31
30.4 K
Aegon Usa Investment Management Llc2023-12-31
26.4 K
Royal Bank Of Canada2023-12-31
20 K
Morgan Stanley - Brokerage Accounts2023-12-31
16.3 K
Valeo Financial Advisors, Llc2023-12-31
15.1 K
Ubs Group Ag2023-12-31
15 K
Amvescap Plc.2023-12-31
910.4 K
Shenkman Capital Management Inc2023-12-31
893.9 K
Note, although Summit Midstream's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Summit Market Capitalization

The company currently falls under 'Small-Cap' category with a current market capitalization of 290.49 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Summit Midstream's market, we take the total number of its shares issued and multiply it by Summit Midstream's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Summit Profitablity

Summit Midstream's profitability indicators refer to fundamental financial ratios that showcase Summit Midstream's ability to generate income relative to its revenue or operating costs. If, let's say, Summit Midstream is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Summit Midstream's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Summit Midstream's profitability requires more research than a typical breakdown of Summit Midstream's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of (0.08) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of 0.2 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.2.
Last ReportedProjected for 2024
Return On Capital Employed 0.03  0.03 
Return On Assets(0.02)(0.01)
Return On Equity(0.05)(0.04)

Management Efficiency

Summit Midstream Partners has return on total asset (ROA) of 0.02 % which means that it generated a profit of $0.02 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.0451) %, meaning that it created substantial loss on money invested by shareholders. Summit Midstream's management efficiency ratios could be used to measure how well Summit Midstream manages its routine affairs as well as how well it operates its assets and liabilities. As of 03/28/2024, Return On Capital Employed is likely to drop to 0.03. In addition to that, Return On Assets is likely to grow to -0.01. As of 03/28/2024, Total Current Liabilities is likely to drop to about 76.8 M. In addition to that, Liabilities And Stockholders Equity is likely to drop to about 1.9 B
Last ReportedProjected for 2024
Price Book Value Ratio 0.22  0.21 
Enterprise Value Multiple 8.03  7.63 
Price Fair Value 0.22  0.21 
The analysis of Summit Midstream's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Summit Midstream's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Summit Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Beta
2.325

Technical Drivers

As of the 28th of March, Summit Midstream has the Risk Adjusted Performance of 0.0897, semi deviation of 2.12, and Coefficient Of Variation of 688.88. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Summit Midstream Partners, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to break down and interpolate nineteen technical drivers for Summit Midstream Partners, which can be compared to its competition. Please validate Summit Midstream Partners standard deviation, maximum drawdown, as well as the relationship between the Maximum Drawdown and expected short fall to decide if Summit Midstream is priced more or less accurately, providing market reflects its prevalent price of 28.07 per share. Given that Summit Midstream Partners has jensen alpha of 0.7761, we advise you to double-check Summit Midstream Partners's current market performance to make sure the company can sustain itself at a future point.

Summit Midstream Partners Price Movement Analysis

Execute Study
The output start index for this execution was twenty-three with a total number of output elements of thirty-eight. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Summit Midstream middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Summit Midstream Partners. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.

Summit Midstream Partners Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Summit Midstream insiders, such as employees or executives, is commonly permitted as long as it does not rely on Summit Midstream's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Summit Midstream insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Summit Midstream Outstanding Bonds

Summit Midstream issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Summit Midstream Partners uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Summit bonds can be classified according to their maturity, which is the date when Summit Midstream Partners has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.

Summit Midstream Predictive Daily Indicators

Summit Midstream intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Summit Midstream stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Summit Midstream Corporate Filings

8K
28th of March 2024
An amendment to a previously filed Form 8-K
ViewVerify
8K
27th of March 2024
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify
13A
26th of March 2024
The form used by investors holding more than 5% of a company's stock, to report their beneficial ownership pursuant to Rule 13d-1 or Rule 13d-2 under the Securities Exchange Act of 1934
ViewVerify
8K
22nd of March 2024
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify
F4
19th of March 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
8K
15th of March 2024
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify
F4
6th of March 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
F4
1st of March 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify

Summit Midstream Forecast Models

Summit Midstream's time-series forecasting models are one of many Summit Midstream's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Summit Midstream's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

About Summit Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Summit Midstream prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Summit shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Summit Midstream. By using and applying Summit Stock analysis, traders can create a robust methodology for identifying Summit entry and exit points for their positions.
Last ReportedProjected for 2024
Pretax Profit Margin(0.16)(0.15)
Operating Profit Margin 0.18  0.19 
Net Loss(0.08)(0.08)
Gross Profit Margin 0.27  0.25 

Current Summit Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Summit analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Summit analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
22.0Strong Sell0Odds
Summit Midstream Partners current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Summit analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Summit stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Summit Midstream Partners, talking to its executives and customers, or listening to Summit conference calls.
Summit Analyst Advice Details

Summit Stock Analysis Indicators

Summit Midstream Partners stock analysis indicators help investors evaluate how Summit Midstream stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Summit Midstream shares will generate the highest return on investment. By understating and applying Summit Midstream stock analysis, traders can identify Summit Midstream position entry and exit signals to maximize returns.
Begin Period Cash Flow13.5 M
Long Term Debt1.5 B
Common Stock Shares Outstanding10.3 M
Total Stockholder Equity843.2 M
Tax Provision-162 K
Quarterly Earnings Growth Y O Y10
Property Plant And Equipment Net1.7 B
Cash And Short Term Investments16.6 M
Cash16.6 M
Accounts Payable22.7 M
Net Debt1.5 B
50 Day M A18.7204
Total Current Liabilities134 M
Other Operating Expenses378.1 M
Non Current Assets Total2.4 B
Forward Price Earnings5.4407
Non Currrent Assets Other10.5 M
Stock Based Compensation6.6 M
When determining whether Summit Midstream Partners is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Summit Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Summit Midstream Partners Stock. Highlighted below are key reports to facilitate an investment decision about Summit Midstream Partners Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Summit Midstream Partners. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

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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.