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How to buy Summit Midstream Partners stock | $25.24

Learn how to easily invest in Summit Midstream Partners stock.

Summit Midstream Partners, LP
NYSE: SMLP - USD
OIL & GAS MIDSTREAM
$37.34
+$0.03 (+0.09%)

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.

How to buy shares in Summit Midstream Partners

  1. Compare share trading platforms.Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – SMLP – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

Summit Midstream Partners stock price (NYSE: SMLP)

Use our graph to track the performance of SMLP stocks over time.

Summit Midstream Partners shares at a glance

Information last updated 2021-07-28.
Latest market close$25.24
52-week range$8.85 - $46.64
50-day moving average $32.57
200-day moving average $24.92
Wall St. target price$22.20
PE ratio 0.651
Dividend yield $1.875 (4.95%)
Earnings per share (TTM) $59.09

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Summit Midstream Partners stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Summit Midstream Partners price performance over time

Historical closes compared with the close of $25.24 from 2021-05-28

1 week (2021-07-22) N/A
1 month (2021-07-02) -25.04%
3 months (2021-04-30) 6.90%
6 months (2021-01-29) N/A
1 year (2020-07-29) N/A
2 years (2019-07-29) N/A
3 years (2018-07-29) N/A
5 years (2016-07-29) N/A

Is Summit Midstream Partners under- or over-valued?

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 P/E ratio

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 1x. In other words, Summit Midstream Partners shares trade at around 1x 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 PEG ratio

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

Summit Midstream Partners's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $188.2 million.

The EBITDA is a measure of a Summit Midstream Partners's overall financial performance and is widely used to measure a its profitability.

Summit Midstream Partners financials

Revenue TTM $378.8 million
Operating margin TTM 18.55%
Gross profit TTM $261.7 million
Return on assets TTM 1.72%
Return on equity TTM 21.09%
Profit margin 51.66%
Book value $120.84
Market capitalisation $259.5 million

TTM: trailing 12 months

Shorting Summit Midstream Partners shares

There are currently 23,345 Summit Midstream Partners shares held short by investors – that's known as Summit Midstream Partners's "short interest". This figure is 95.1% up from 11,964 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)

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 72953.125). Summit Midstream Partners's SIR currently stands at 0.32. In other words for every 100,000 Summit Midstream Partners shares traded daily on the market, roughly 320 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% of the outstanding shares (for every 100,000 Summit Midstream Partners shares in existence, roughly 0 shares are currently held short) or 0.004% of the tradable shares (for every 100,000 tradable Summit Midstream Partners shares, roughly 4 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.

Summit Midstream Partners share dividends

We're not expecting Summit Midstream Partners to pay a dividend over the next 12 months.

Have Summit Midstream Partners's shares ever split?

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.

Summit Midstream Partners share price volatility

Over the last 12 months, Summit Midstream Partners's shares have ranged in value from as little as $8.85 up to $46.64. 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 3.3444. 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 overview

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 Utica and Point Pleasant shale formations in southeastern Ohio; 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 Colorado; the Permian Basin that comprise the Bone Spring and Wolfcamp shale formations in New Mexico; the Piceance Basin, which include the Mesaverde formation, and the Mancos and Niobrara shale formations in western Colorado; the Barnett Shale formation in north-central Texas; and the Marcellus Shale formation in northern West Virginia. 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. The company was founded in 2009 and is headquartered in Houston, Texas.

Frequently asked questions

What percentage of Summit Midstream Partners is owned by insiders or institutions?
Currently 8.403% of Summit Midstream Partners shares are held by insiders and 40.923% by institutions.
How many people work for Summit Midstream Partners?
Latest data suggests 220 work at Summit Midstream Partners.
When does the fiscal year end for Summit Midstream Partners?
Summit Midstream Partners's fiscal year ends in December.
Where is Summit Midstream Partners based?
Summit Midstream Partners's address is: 910 Louisiana Street, Houston, TX, United States, 77002
What is Summit Midstream Partners's ISIN number?
Summit Midstream Partners's international securities identification number is: US8661424098
What is Summit Midstream Partners's CUSIP number?
Summit Midstream Partners's Committee on Uniform Securities Identification Procedures number is: 866142102

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