Summit Midstream Partners, (SMLP) Earning Somewhat Favorable Press Coverage, Accern Reports
News articles about Summit Midstream Partners, (NYSE:SMLP) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Summit Midstream Partners, earned a news impact score of 0.15 on Accern’s scale. Accern also gave news stories about the pipeline company an impact score of 46.4891786790774 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Summit Midstream Partners, LP (SMLP) Upgraded to Buy by Zacks Investment Research (americanbankingnews.com)
- Comparing Summit Midstream Partners, (SMLP) & Its Peers (americanbankingnews.com)
- Head-To-Head Comparison: Summit Midstream Partners, (SMLP) and Its Rivals (americanbankingnews.com)
- Summit Midstream (SMLP) Presents At 2017 RBC Capital Markets Midstream Conference – Slideshow (seekingalpha.com)
- Summit Midstream Partners, LP (SMLP) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
Summit Midstream Partners, (NYSE SMLP) traded down $0.20 during trading on Wednesday, reaching $19.20. 88,100 shares of the company’s stock were exchanged, compared to its average volume of 188,213. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market cap of $1,446.27, a price-to-earnings ratio of 11.69 and a beta of 1.70. Summit Midstream Partners, has a 52-week low of $18.65 and a 52-week high of $26.50.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Tuesday, November 7th were paid a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a yield of 11.98%. The ex-dividend date of this dividend was Monday, November 6th. Summit Midstream Partners,’s payout ratio is 157.53%.
Several research firms have recently commented on SMLP. Zacks Investment Research lowered shares of Summit Midstream Partners, from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. ValuEngine raised shares of Summit Midstream Partners, from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. BidaskClub raised shares of Summit Midstream Partners, from a “sell” rating to a “hold” rating in a report on Friday, September 8th. Finally, Robert W. Baird decreased their price target on shares of Summit Midstream Partners, from $28.00 to $27.00 and set an “outperform” rating for the company in a report on Friday, August 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $25.50.
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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.
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