Summit Midstream Partners, LP (NYSE:SMLP) current Stock Analysis

Josh Kim
February 1, 2017

The 11 analysts offering 12-month price forecasts for Summit Midstream Partners LP have a median target of 27.00, with a high estimate of 33.00 and a low estimate of 19.00.

Several firms have issued research on Magellan Midstream Partners L.P. Magellan Midstream Partners L.P. was Downgraded by Raymond James to " Outperform" on Jan 12, 2017.

NBLX has been the topic of a number of other reports. The stock has a market capitalization of $1.37 billion and a P/E ratio of 68.60.

Martin Midstream Partners L.P. was upgraded to "buy" by analysts at Stifel Nicolaus.

09/01/2014 - Martin Midstream Partners L.P. was downgraded to "neutral" by analysts at Zacks. They issued a "buy" rating and a $97.00 price objective on the stock. Dominion Midstream Partners, LP has a 52-week low of 23.17 and a 52-week high of 35.88.

Magellan Midstream Partners L.P. opened for trading at $80.45 and hit $81.56 on the upside on Friday, eventually ending the session at $81.46, with a gain of 1.29% or 1.04 points. If they do continue, the current estimated yields on annualized basis would be 4.38% for EQT Midstream Partners LP, 7.39% for Teekay Offshore Partners LP, and 4.22% for Magellan Midstream Partners LP. The stock is now moving above its 20-Day Simple Moving Average of -0.54% with the 50-Day Simple Moving Average of -0.54 percent. Shares registered one year high at $17.86 and the one year low of $10.38.

11/10/2015 - Summit Midstream Partners, LP had its " rating reiterated by analysts at SunTrust. (NYSE:SHLX) last announced its quarterly earnings results on Thursday, November 3rd. The Company now has Insider ownership of 0.1 Percent and Institutional Ownership of 44.1 Percent. The correct version of this article can be read at https://www.com-unik.info/2017/01/31/eqt-midstream-partners-lp-eqm-is-mariner-investment-group-llcs-7th-largest-position.html. Revenue for the quarter was $509M while analysts called for revenues to be $655.1M. During the same quarter previous year, the company posted $0.37 EPS. The Stock has YTD (year to date) performance of -4.77 percent.

COPYRIGHT VIOLATION WARNING: This piece of content was first published by Marea Informative and is the sole property of of Marea Informative. If you are reading this report on another website, it was illegally stolen and republished in violation of United States and global copyright & trademark law. Tower Research Capital LLC TRC now owns 2,273 shares of the company's stock valued at $173,000 after buying an additional 2,242 shares during the period. This can help in judging whether the most recent dividends from these companies are likely to continue. Magellan Midstream Partners L.P.'s dividend payout ratio is 95.99%. The heightened volatility saw the trading volume jump to 8,83,470 shares. The stock was bought at an average price of $25.95 per share, with a total value of $103,800.00. Texan Capital Management now owns 5,500 shares of the company's stock worth $419,000 after buying an additional 2,300 shares during the period. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The Hedge Fund company now holds 7,800 shares of MMP which is valued at $577,122. Bank of Montreal Can bought a new position in shares of Shell Midstream Partners, L.P. during the second quarter valued at approximately $14,480,000.

07/01/2015 - Janney Montgomery Scott began new coverage on Summit Midstream Partners, LP giving the company a " rating. Diversified Trust Co boosted its position in EQT Midstream Partners, by 5.7% in the third quarter. Mizuho now has a buy rating on the stock.

09/21/2015 - Martin Midstream Partners L.P. had its "sector perform" rating reiterated by analysts at RBC Capital.

Summit Midstream Partners, LP (NYSE:SMLP) is now showing its ROA (Return on Assets) of -8.9%.

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