Summit Midstream Partners (NYSE:SMLP) is set to announce its earnings results after the market closes on Wednesday, February 21st. Analysts expect the company to announce earnings of $0.23 per share for the quarter.

Shares of Summit Midstream Partners (NYSE SMLP) opened at $20.65 on Wednesday. The company has a market cap of $1,510.00, a price-to-earnings ratio of 14.14 and a beta of 1.63. Summit Midstream Partners has a 52-week low of $18.30 and a 52-week high of $24.90. 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Wednesday, February 7th will be given a $0.575 dividend. The ex-dividend date is Tuesday, February 6th. This represents a $2.30 annualized dividend and a yield of 11.14%. Summit Midstream Partners’s dividend payout ratio is currently 157.53%.

Several equities research analysts recently commented on SMLP shares. Zacks Investment Research cut shares of Summit Midstream Partners from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. BidaskClub cut shares of Summit Midstream Partners from a “hold” rating to a “sell” rating in a research report on Saturday, October 28th. ValuEngine raised shares of Summit Midstream Partners from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Credit Suisse Group began coverage on shares of Summit Midstream Partners in a research note on Thursday, January 4th. They issued an “outperform” rating and a $22.00 price target on the stock. Finally, SunTrust Banks set a $24.00 price target on shares of Summit Midstream Partners and gave the company a “hold” rating in a research note on Monday, January 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $24.43.

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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.

Earnings History for Summit Midstream Partners (NYSE:SMLP)

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