Analyzing Summit Midstream Partners, (SMLP) & Its Rivals
Summit Midstream Partners, (NYSE: SMLP) is one of 53 publicly-traded companies in the “Oil & Gas Transportation Services” industry, but how does it contrast to its peers? We will compare Summit Midstream Partners, to similar businesses based on the strength of its earnings, valuation, profitability, dividends, institutional ownership, analyst recommendations and risk.
Risk and Volatility
Summit Midstream Partners, has a beta of 1.7, suggesting that its share price is 70% more volatile than the S&P 500. Comparatively, Summit Midstream Partners,’s peers have a beta of 1.39, suggesting that their average share price is 39% more volatile than the S&P 500.
Earnings and Valuation
This table compares Summit Midstream Partners, and its peers revenue, earnings per share and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|Summit Midstream Partners,||$459.61 million||$279.66 million||86.88|
|Summit Midstream Partners, Competitors||$5.66 billion||$1.31 billion||36.46|
Summit Midstream Partners,’s peers have higher revenue and earnings than Summit Midstream Partners,. Summit Midstream Partners, is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.
Summit Midstream Partners, pays an annual dividend of $2.30 per share and has a dividend yield of 11.0%. Summit Midstream Partners, pays out 958.4% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “Oil & Gas Transportation Services” companies pay a dividend yield of 6.7% and pay out 172.0% of their earnings in the form of a dividend. Summit Midstream Partners, has increased its dividend for 3 consecutive years.
This is a breakdown of recent ratings and price targets for Summit Midstream Partners, and its peers, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Summit Midstream Partners,||1||2||3||0||2.33|
|Summit Midstream Partners, Competitors||283||1771||2358||85||2.50|
Summit Midstream Partners, currently has a consensus price target of $26.20, suggesting a potential upside of 25.66%. As a group, “Oil & Gas Transportation Services” companies have a potential upside of 22.64%. Given Summit Midstream Partners,’s higher possible upside, analysts clearly believe Summit Midstream Partners, is more favorable than its peers.
This table compares Summit Midstream Partners, and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Summit Midstream Partners,||5.78%||3.55%||1.33%|
|Summit Midstream Partners, Competitors||17.42%||14.24%||5.50%|
Insider & Institutional Ownership
49.8% of Summit Midstream Partners, shares are held by institutional investors. Comparatively, 57.2% of shares of all “Oil & Gas Transportation Services” companies are held by institutional investors. 9.2% of shares of all “Oil & Gas Transportation Services” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.
Summit Midstream Partners, peers beat Summit Midstream Partners, on 11 of the 15 factors compared.
Summit Midstream Partners, Company Profile
Summit Midstream Partners, LP focuses on developing, owning and operating midstream energy infrastructure assets. The Company’s segments include the Utica Shale, which includes its ownership interest in Ohio Gathering, as well as Summit Utica; the Williston Basin, which includes Bison Midstream, Polar and Divide and Tioga Midstream; the Marcellus Shale, which includes Mountaineer Midstream; the Barnett Shale, which includes DFW Midstream Services LLC (DFW Midstream), and the Piceance Basin /DJ Basins, which includes Grand River and Niobrara G&P. The Company’s assets are located in the producing areas of unconventional resource basins, primarily shale formations, in the continental United States. It provides natural gas gathering, treating and processing services, as well as crude oil and produced water gathering services pursuant to long-term and fee-based agreements with its customers.
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