Summit Midstream Partners (SMLP) Set to Announce Earnings on Wednesday

Summit Midstream Partners (NYSE:SMLP) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, February 21st. Analysts expect the company to announce earnings of $0.23 per share for the quarter.

Summit Midstream Partners (NYSE:SMLP) opened at $20.65 on Wednesday. The firm has a market cap of $1,510.00, a price-to-earnings ratio of 14.14 and a beta of 1.63. Summit Midstream Partners has a 52-week low of $18.30 and a 52-week high of $24.90. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.12.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Wednesday, February 7th will be given a dividend of $0.575 per share. The ex-dividend date is Tuesday, February 6th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 11.14%. Summit Midstream Partners’s dividend payout ratio is 157.53%.

SMLP has been the topic of a number of recent analyst reports. Credit Suisse Group initiated coverage on shares of Summit Midstream Partners in a research report on Thursday, January 4th. They set an “outperform” rating and a $22.00 price target on the stock. ValuEngine cut shares of Summit Midstream Partners from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. BidaskClub cut shares of Summit Midstream Partners from a “hold” rating to a “sell” rating in a research report on Saturday, October 28th. Zacks Investment Research cut shares of Summit Midstream Partners from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. Finally, SunTrust Banks set a $24.00 price target on shares of Summit Midstream Partners and gave the stock a “hold” rating in a research report on Monday, January 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $24.43.

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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.

Earnings History for Summit Midstream Partners (NYSE:SMLP)

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