Summit Midstream Partners, LP (SMLP) Set to Announce Quarterly Earnings on Wednesday
Summit Midstream Partners, LP (NYSE:SMLP) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.02 per share for the quarter.
Summit Midstream Partners, (NYSE:SMLP) last announced its quarterly earnings data on Thursday, August 3rd. The pipeline company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.14. The business had revenue of $101.79 million for the quarter, compared to the consensus estimate of $99.40 million. Summit Midstream Partners, had a net margin of 5.78% and a return on equity of 3.55%. On average, analysts expect Summit Midstream Partners, to post $0.09 EPS for the current fiscal year and $0.24 EPS for the next fiscal year.
Summit Midstream Partners, LP (NYSE:SMLP) opened at 20.45 on Wednesday. The stock has a market cap of $1.49 billion, a P/E ratio of 86.65 and a beta of 1.70. Summit Midstream Partners, LP has a 52 week low of $19.15 and a 52 week high of $26.50. The company’s 50 day moving average is $20.96 and its 200 day moving average is $22.23.
TRADEMARK VIOLATION NOTICE: “Summit Midstream Partners, LP (SMLP) Set to Announce Quarterly Earnings on Wednesday” was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another publication, it was stolen and reposted in violation of US and international trademark & copyright laws. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/10/25/summit-midstream-partners-lp-smlp-set-to-announce-quarterly-earnings-on-wednesday.html.
A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Summit Midstream Partners, from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Saturday. ValuEngine upgraded shares of Summit Midstream Partners, from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. BidaskClub upgraded shares of Summit Midstream Partners, from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. Robert W. Baird reduced their target price on shares of Summit Midstream Partners, from $28.00 to $27.00 and set an “outperform” rating on the stock in a research note on Friday, August 11th. Finally, Citigroup Inc. restated a “neutral” rating and issued a $24.00 target price (up previously from $22.00) on shares of Summit Midstream Partners, in a research note on Monday, July 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $25.67.
About Summit Midstream Partners,
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.
Receive News & Ratings for Summit Midstream Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Summit Midstream Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.