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Summit Midstream Partners, LP is an oil & gas midstream business based in the US. Summit Midstream Partners shares (SMLP) are listed on the NYSE and all prices are listed in US Dollars. Summit Midstream Partners employs 220 staff and has a trailing 12-month revenue of around 0.00.
|52-week range||$7.50 - $33.75|
|50-day moving average||$19.45|
|200-day moving average||$14.31|
|Wall St. target price||$18.40|
|Dividend yield||$1.875 (8.04%)|
|Earnings per share (TTM)||$71.19|
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Valuing Summit Midstream Partners stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Summit Midstream Partners's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Summit Midstream Partners's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 0x. In other words, Summit Midstream Partners shares trade at around 0x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Summit Midstream Partners's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 20.05. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Summit Midstream Partners's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Summit Midstream Partners's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $197.4 million.
The EBITDA is a measure of a Summit Midstream Partners's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$384.4 million|
|Operating margin TTM||20.37%|
|Gross profit TTM||$261.7 million|
|Return on assets TTM||1.93%|
|Return on equity TTM||20.72%|
|Market capitalisation||$149.7 million|
TTM: trailing 12 months
There are currently 63,397 Summit Midstream Partners shares held short by investors – that's known as Summit Midstream Partners's "short interest". This figure is 59.2% up from 39,817 last month.
There are a few different ways that this level of interest in shorting Summit Midstream Partners shares can be evaluated.
Summit Midstream Partners's "short interest ratio" (SIR) is the quantity of Summit Midstream Partners shares currently shorted divided by the average quantity of Summit Midstream Partners shares traded daily (recently around 129381.63265306). Summit Midstream Partners's SIR currently stands at 0.49. In other words for every 100,000 Summit Midstream Partners shares traded daily on the market, roughly 490 shares are currently held short.
However Summit Midstream Partners's short interest can also be evaluated against the total number of Summit Midstream Partners shares, or, against the total number of tradable Summit Midstream Partners shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Summit Midstream Partners's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Summit Midstream Partners shares in existence, roughly 20 shares are currently held short) or 0.0233% of the tradable shares (for every 100,000 tradable Summit Midstream Partners shares, roughly 23 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Summit Midstream Partners.
Find out more about how you can short Summit Midstream Partners stock.
Dividend payout ratio: 2.63% of net profits
Recently Summit Midstream Partners has paid out, on average, around 2.63% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 52.92% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Summit Midstream Partners shareholders could enjoy a 52.92% return on their shares, in the form of dividend payments. In Summit Midstream Partners's case, that would currently equate to about $1.875 per share.
While Summit Midstream Partners's payout ratio might seem low, this can signify that Summit Midstream Partners is investing more in its future growth.
Summit Midstream Partners's most recent dividend payout was on 9 November 2020. The latest dividend was paid out to all shareholders who bought their shares by 5 February 2020 (the "ex-dividend date").
Summit Midstream Partners's shares were split on a 1:15 basis on 9 November 2020. So if you had owned 15 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Summit Midstream Partners shares – just the quantity. However, indirectly, the new 1400% higher share price could have impacted the market appetite for Summit Midstream Partners shares which in turn could have impacted Summit Midstream Partners's share price.
Over the last 12 months, Summit Midstream Partners's shares have ranged in value from as little as $7.5 up to $33.75. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Summit Midstream Partners's is 3.4047. This would suggest that Summit Midstream Partners's shares are significantly more volatile than the average for this exchange and represent a higher risk.
Summit Midstream Partners, LP focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations in the continental United States. The company provides natural gas gathering, compression, treating, and processing services, as well as crude oil and produced water gathering services. Its unconventional resource basins include the Appalachian Basin, which comprise the Utica and Point Pleasant shale formations in southeastern Ohio, and the Marcellus Shale formation in northern West Virginia; the Williston Basin that consists of the Bakken and Three Forks shale formations in northwestern North Dakota; the Denver-Julesburg Basin, which include the Niobrara and Codell shale formations in northeastern Colorado and southeastern Wyoming; the northern Delaware Basin that comprise the Wolfcamp and Bone Spring formations in southeastern New Mexico; the Piceance Basin, which include the Mesaverde formation, and the Mancos and Niobrara shale formations in western Colorado; and the Fort Worth Basin that comprises the Barnett Shale formation in north-central Texas. The company also owns an ownership interest in Ohio Gathering, which owns and operates natural gas gathering and condensate stabilization facility in the Utica Shale in southeastern Ohio. It serves natural gas and crude oil producers. Summit Midstream GP, LLC operates as a general partner of the company. Summit Midstream Partners, LP was founded in 2009 and is headquartered in Houston, Texas.
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