Summit Midstream Partners, (SMLP) & Its Rivals Critical Survey
Summit Midstream Partners, (NYSE: SMLP) is one of 50 public companies in the “Oil & Gas Transportation Services” industry, but how does it compare to its competitors? We will compare Summit Midstream Partners, to related businesses based on the strength of its dividends, analyst recommendations, earnings, institutional ownership, profitability, risk and valuation.
Summit Midstream Partners, pays an annual dividend of $2.30 per share and has a dividend yield of 12.0%. Summit Midstream Partners, pays out 157.5% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “Oil & Gas Transportation Services” companies pay a dividend yield of 6.8% and pay out 159.7% of their earnings in the form of a dividend. Summit Midstream Partners, has increased its dividend for 3 consecutive years. Summit Midstream Partners, is clearly a better dividend stock than its competitors, given its higher yield and lower payout ratio.
Summit Midstream Partners, has a beta of 1.7, suggesting that its share price is 70% more volatile than the S&P 500. Comparatively, Summit Midstream Partners,’s competitors have a beta of 1.37, suggesting that their average share price is 37% more volatile than the S&P 500.
This is a summary of current ratings and target prices for Summit Midstream Partners, and its competitors, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Summit Midstream Partners,||1||2||3||0||2.33|
|Summit Midstream Partners, Competitors||303||1813||2399||86||2.49|
Summit Midstream Partners, currently has a consensus price target of $26.20, suggesting a potential upside of 37.17%. As a group, “Oil & Gas Transportation Services” companies have a potential upside of 27.62%. Given Summit Midstream Partners,’s higher probable upside, research analysts clearly believe Summit Midstream Partners, is more favorable than its competitors.
Earnings & Valuation
This table compares Summit Midstream Partners, and its competitors gross revenue, earnings per share and valuation.
|Gross Revenue||NetIncome||Price/Earnings Ratio|
|Summit Midstream Partners,||$402.36 million||-$40.91 million||13.08|
|Summit Midstream Partners, Competitors||$4.88 billion||$288.25 million||18.38|
Summit Midstream Partners,’s competitors have higher revenue and earnings than Summit Midstream Partners,. Summit Midstream Partners, is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.
Institutional and Insider Ownership
49.9% of Summit Midstream Partners, shares are owned by institutional investors. Comparatively, 57.1% of shares of all “Oil & Gas Transportation Services” companies are owned by institutional investors. 9.3% of shares of all “Oil & Gas Transportation Services” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.
This table compares Summit Midstream Partners, and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Summit Midstream Partners,||24.14%||11.61%||4.31%|
|Summit Midstream Partners, Competitors||18.70%||88.38%||6.01%|
Summit Midstream Partners, competitors beat Summit Midstream Partners, on 10 of the 15 factors compared.
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. The Company’s assets are located in the producing areas of unconventional resource basins, primarily shale formations, in the continental United States. It provides natural gas gathering, treating and processing services, as well as crude oil and produced water gathering services pursuant to long-term and fee-based agreements with its customers.
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