Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

How to buy Summit Midstream Partners stock in Canada | $38.25

Own Summit Midstream Partners shares in just a few minutes.

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.

How to buy Summit Midstream Partners stock in Canada

  1. Choose a platform. If you're a beginner, our stock trading table below can help you choose.
  2. Open your account. You'll need your ID, bank details and national insurance number.
  3. Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
  4. Search the platform for stock code: SMLP in this case.
  5. Research Summit Midstream Partners stocks. The platform should provide the latest information available.
  6. Buy your Summit Midstream Partners stocks. It's that simple.

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.

How has Coronavirus impacted Summit Midstream Partners's stock price?

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.

Summit Midstream Partners stock price

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

Summit Midstream Partners stocks at a glance

Information last updated 2021-09-10.
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
PE ratio 0.9067
Dividend yield $1.875 (5.99%)
Earnings per share (TTM) $36.891

Compare online stock trading platforms

Note: The dollar amounts in the table below are in Canadian dollars.

Name Product Available Asset Types Stock Fee Option Fee Account Fee ETF Transaction Cost Feature Table description
Wealthsimple Trade
Stocks, ETFs
Get a $50 bonus when you open a Wealthsimple Trade account and deposit and trade at least $150.
Pay no commissions when you trade Canadian stocks and ETFs with Wealthsimple Trade.
BMO InvestorLine
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs
$9.95 + $1.25 per options contract
$0 if conditions met, otherwise $25/quarter
$0 - $9.95
Buy and sell a select group of Canada’s most popular ETFs without paying commissions.

An easy-to-use online trading platform with access to research, tools, and the option to access InvestorLine adviceDirect for additional professional support.
Scotia iTRADE
Bonds, Options, Mutual Funds, ETFs, GICs, International Equities
$9.99 + $1.25 contract ($4.99 + $1.25 contract if completed 150 trades or more a quarter)
$9.99 ($4.99 if completed 150 trades or more a quarter)
Pay no annual account fees.
Buy, sell and trade ETFs, Equities, Options and more with competitive commissions.
CIBC Investor's Edge
Stocks, Bonds, Options, Mutual Funds, ETFs
$4.95 - $6.95
$4.95 - $6.95 (+$1.25 per contract)
$0 if conditions met, otherwise $100/year
$4.95 - $6.95 is applicable for online stock, ETF and option trades only. Pay $4.95 when you qualify as an Active Trader (trade 150+ times per quarter).
An intuitive and easy-to-use platform with access to a variety of tools that help you make smart decisions and trade with confidence.
Interactive Brokers
Stocks, Bonds, Options, ETFs, Currencies, Futures
Min. $1.00, Max. 0.5% of trade value
$1.50 min. per order
Min. $1.00, Max. 0.5% of trade value
Extensive trading capabilities and global investment tracking.
Access market data 24 hours a day, six days a week and invest in global stocks, options, futures, currencies, bonds and funds from one single account.
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, International Equities, Precious Metals
$9.95 + $1 per contract
Get $50 in free trades when you fund your account with a minimum of $1,000.
Opt for self-directed investing and save on fees or get a pre-built portfolio and take some of the guesswork out.
Qtrade Direct Investing
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs
$6.95 - $8.75
$6.95 - $8.75 + $1.25 per contract
$0 if conditions met, otherwise $25/quarter
$0 - $8.75
Get up to 50 free trades. Be one of the first 100 new Qtrade clients to use the promo code 50FREETRADES and deposit a minimum of $10,000 (or top up to $15,000 to get $150 transfer fees waived). Valid until September 30, 2021.
Qtrade Direct Investing offers low trading commissions and an easy-to-use platform with access to powerful tools and a wide selection of investment options. Trade 100 ETFs free of charge and thousands more for $8.75 or lower.

Compare up to 4 providers

Online stock trading

Summit Midstream Partners price performance over time

Historical closes compared with the last close of $38.25

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%

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 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 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 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

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.

Summit Midstream Partners financials

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%
Profit margin 30.46%
Book value $110.215
Market capitalisation USD$225.6 million

TTM: trailing 12 months

How to short and sell Summit Midstream Partners stocks

  1. Create a CFD or spread betting account.
  2. Search for the stock code. E.g. "SMLP.US"
  3. Choose your position size.
  4. Select "sell" rather than "buy".
  5. Confirm your position and keep tabs on it. You may wish to set limits on your position.

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)

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.

Summit Midstream Partners stock dividends

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.

Have Summit Midstream Partners stocks ever split?

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.

Summit Midstream Partners stock price volatility

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 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

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

More on investing

More guides on Finder

Go to site