Summit Midstream Partners (SMLP) Earns Outperform Rating from Analysts at Credit Suisse Group
Investment analysts at Credit Suisse Group began coverage on shares of Summit Midstream Partners (NYSE:SMLP) in a report released on Thursday, The Fly reports. The firm set an “outperform” rating on the pipeline company’s stock.
SMLP has been the subject of a number of other research reports. BidaskClub upgraded shares of Summit Midstream Partners from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. ValuEngine upgraded shares of Summit Midstream Partners from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, Zacks Investment Research upgraded shares of Summit Midstream Partners from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $25.50.
Shares of Summit Midstream Partners (SMLP) traded up $0.15 during midday trading on Thursday, reaching $22.05. 81,437 shares of the company were exchanged, compared to its average volume of 122,633. The firm has a market capitalization of $1,610.00, a PE ratio of 15.10 and a beta of 1.65. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.84 and a current ratio of 0.84. Summit Midstream Partners has a 52-week low of $18.30 and a 52-week high of $26.50.
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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.
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