Summit Midstream Partners LP [NYSE: SMLP] jumped around 0.04 points on Friday, while shares priced at $0.82 at the close of the session, up 4.82%.
Summit Midstream Partners LP stock is now -75.23% down from its year-to-date (YTD) trading value. SMLP Stock saw the intraday high of $0.92 and lowest of $0.77 per share. The company’s 52-week high price is 5.30, which means current price is +64.00% above from all time high which was touched on 01/16/20.
Compared to the average trading volume of 644.39K shares, SMLP reached a trading volume of 4419006 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Summit Midstream Partners LP [SMLP]?
Wells Fargo have made an estimate for Summit Midstream Partners LP shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on January 07, 2020. While these analysts kept the previous recommendation, Citigroup raised their target price from $13 to $6.50. The new note on the price target was released on June 19, 2019, representing the official price target for Summit Midstream Partners LP stock. Previously, the target price had yet another drop from $17 to $10, while RBC Capital Mkts kept a Sector Perform rating on SMLP stock. On March 14, 2019, analysts decreased their price target for SMLP shares from 15 to 9.
The Average True Range (ATR) for Summit Midstream Partners LP is set at 0.08, with the Price to Sales ratio for SMLP stock in the period of the last 12 months amounting to 0.11. The Price to Book ratio for the last quarter was 0.07, with the Price to Cash per share for the same quarter was set at 0.69. Price to Free Cash Flow for SMLP in the course of the last twelve months was 1.30 with Quick ratio for the last quarter at 1.10.
How has SMLP stock performed recently?
Summit Midstream Partners LP [SMLP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.52. With this latest performance, SMLP shares gained by 15.88% in over the last four-week period, additionally plugging by 5.40% over the last 6 months – not to mention a drop of -81.94% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SMLP stock in for the last two-week period is set at 61.36, with the RSI for the last a single of trading hit 67.42, and the three-weeks RSI is set at 56.19 for Summit Midstream Partners LP [SMLP]. The present Moving Average for the last 50 days of trading for this stock 0.7731, while it was recorded at 0.7885 for the last single week of trading, and 1.3218 for the last 200 days.
Summit Midstream Partners LP [SMLP]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Summit Midstream Partners LP [SMLP] shares currently have an operating margin of +26.57 and a Gross Margin at +38.74. Summit Midstream Partners LP’s Net Margin is presently recorded at -83.16.
Return on Total Capital for SMLP is now 4.98, given the latest momentum, and Return on Invested Capital for the company is -15.68. Return on Equity for this stock declined to -37.23, with Return on Assets sitting at -13.22. When it comes to the capital structure of this company, Summit Midstream Partners LP [SMLP] has a Total Debt to Total Equity ratio set at 186.60. Additionally, SMLP Total Debt to Total Capital is recorded at 65.11, with Total Debt to Total Assets ending up at 57.35. Long-Term Debt to Equity for the company is recorded at 313.57, with the Long-Term Debt to Total Capital now at 65.00.
Reflecting on the efficiency of the workforce at the company, Summit Midstream Partners LP [SMLP] managed to generate an average of -$1,417,031 per employee. Receivables Turnover for the company is 4.45 with a Total Asset Turnover recorded at a value of 0.16.Summit Midstream Partners LP’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.10.
Earnings analysis for Summit Midstream Partners LP [SMLP]
With the latest financial reports released by the company, Summit Midstream Partners LP posted -0.02/share EPS, while the average EPS was predicted by analysts to be reported at 0.15/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -113.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SMLP.
Insider trade positions for Summit Midstream Partners LP [SMLP]
There are presently around $16 million, or 66.10% of SMLP stock, in the hands of institutional investors. The top three institutional holders of SMLP stocks are: INVESCO LTD. with ownership of 13,906,836, which is approximately 0% of the company’s market cap and around 1.20% of the total institutional ownership; BROOKFIELD PUBLIC SECURITIES GROUP LLC, holding 1,418,545 shares of the stock with an approximate value of $1.16 million in SMLP stocks shares; and BANK OF AMERICA CORP /DE/, currently with $0.81 million in SMLP stock with ownership of nearly 6.667% of the company’s market capitalization.
Positions in Summit Midstream Partners LP stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 17 institutional holders increased their position in Summit Midstream Partners LP [NYSE:SMLP] by around 1,217,685 shares. Additionally, 21 investors decreased positions by around 3,146,792 shares, while 10 investors held positions by with 14,652,280 shares. The mentioned changes placed institutional holdings at 19,016,757 shares, according to the latest SEC report filing. SMLP stock had 11 new institutional investments in for a total of 942,796 shares, while 9 institutional investors sold positions of 567,491 shares during the same period.