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Summit Midstream Partners is an oil & gas midstream business based in the US. Summit Midstream Partners stocks (SMLP.US) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was $28.95 – an increase of 14.35% over the previous week. Summit Midstream Partners employs 220 staff and has a trailing 12-month revenue of around $386.9 million.
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Since the stock market crash in March caused by coronavirus, Summit Midstream Partners's stock price has had significant positive movement.
Its last market close was $38.25, which is 93.28% up on its pre-crash value of $2.57 and 7,550.00% up on the lowest point reached during the March crash when the stocks fell as low as $0.5.
If you had bought $1,000 worth of Summit Midstream Partners stocks at the start of February 2020, those stocks would have been worth $170.50 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $11,878.92.
|Latest market close||$38.25|
|52-week range||$8.85 - $46.64|
|50-day moving average||$34.702|
|200-day moving average||$28.474|
|Wall St. target price||$26.5|
|Dividend yield||$1.875 (5.99%)|
|Earnings per share (TTM)||$36.891|
Note: The dollar amounts in the table below are in Canadian dollars.
|1 week (2021-09-10)||14.35%|
|1 month (2021-08-18)||15.49%|
|3 months (2021-06-18)||42.41%|
|6 months (2021-03-18)||40.06%|
|1 year (2020-09-18)||5,586.89%|
|2 years (2019-09-18)||618.98%|
|3 years (2018-09-18)||138.32%|
|5 years (2016-09-16)||70.61%|
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 1x. In other words, Summit Midstream Partners stocks 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 stocks 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 stocks offer better value, while a higher ratio can be interpreted as meaning the stocks 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 stock prices of multiple high-growth companies.
Summit Midstream Partners's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$172 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||USD$386.9 million|
|Operating margin TTM||14.31%|
|Gross profit TTM||USD$261.7 million|
|Return on assets TTM||1.37%|
|Return on equity TTM||12.55%|
|Market capitalisation||USD$225.6 million|
TTM: trailing 12 months
There are currently 16,232 Summit Midstream Partners stocks held short by investors – that's known as Summit Midstream Partners's "short interest". This figure is 30.5% down from 23,345 last month.
There are a few different ways that this level of interest in shorting Summit Midstream Partners stocks can be evaluated.
Summit Midstream Partners's "short interest ratio" (SIR) is the quantity of Summit Midstream Partners stocks currently shorted divided by the average quantity of Summit Midstream Partners stocks traded daily (recently around 57971.428571429). Summit Midstream Partners's SIR currently stands at 0.28. In other words for every 100,000 Summit Midstream Partners stocks traded daily on the market, roughly 280 stocks are currently held short.
However Summit Midstream Partners's short interest can also be evaluated against the total number of Summit Midstream Partners stocks, or, against the total number of tradable Summit Midstream Partners stocks (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 stocks (for every 100,000 Summit Midstream Partners stocks in existence, roughly 0 stocks are currently held short) or 0.0028% of the tradable stocks (for every 100,000 tradable Summit Midstream Partners stocks, roughly 3 stocks are currently held short).
Such a low SIR usually points to an optimistic outlook for the stock price, with fewer people currently willing to bet against Summit Midstream Partners.
Find out more about how you can short Summit Midstream Partners stock.
We're not expecting Summit Midstream Partners to pay a dividend over the next 12 months. However, you can browse other dividend-paying stocks in our guide.
Summit Midstream Partners stocks were split on a 1:15 basis on 10 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 stocks – just the quantity. However, indirectly, the new 1400% higher stock price could have impacted the market appetite for Summit Midstream Partners stocks which in turn could have impacted Summit Midstream Partners's stock price.
Over the last 12 months, Summit Midstream Partners's stocks 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 stocks volatility in relation to the market. The market (NYSE average) beta is 1, while Summit Midstream Partners's is 3.3788. This would suggest that Summit Midstream Partners's stocks 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 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.
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