Summit Midstream Partners LP (NYSE:SMLP) went down by -3.99% during the previous trading session, and it is maintaining the win ahead of Thursday’s trading session. The share price of the Oil & Gas Midstream giant went up by $0.93 to trade ended Thursday trading at $0.97. This is down from the $0.9686 price recorded on Wednesday’s trading session. Thanks to this latest performance, SMLP is closer to the higher price 52-week target of $1.00 and further from the lowest price target of $0.50. Its performance from the start of the year has also been negative, with SMLP down by -71.90% year-to-date.
Summit Midstream Partners LP (SMLP) started the day trading at $0.9298 and recorded an intraday high of $0.9564. It also recorded an intraday low of $0.9 during Thursday’s trading session. Summit Midstream Partners LP is a very active stock that recorded a trading volume that is less than -455.9% of the average daily trading volume on Thursday. The stock’s trading volume on Thursday was 122110, which is less than -455.9 of the total average daily trading volume of 678.81K.
Summit Midstream Partners LP (NYSE:SMLP) 2020 Performance Impressive
The increase in SMLP’s stock price on Thursday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of SMLP currently stands at $8.00, which is higher than the current trading price of the stock by 88.38%. However, SMLP’s current trading price is -86.0% lower than the 52-week low price of $0.50. In terms of trading volume, Summit Midstream Partners LP currently experienced healthy participation during the last trading session. 122110 shares of Summit Midstream Partners LP were traded on the stock exchange on Thursday, which is less than -455.9% of the 678.81K average trading volume of the stock.
The performance of the stock has been positive over the past year. SMLP’s performance over the past one year has seen it plunge by -88.05%, while the stock has gone down by -71.30% in the last six months. The quarterly performance of SMLP currently stands at 37.39%, and it is down by -53.27% in the last month. The only negative figure was from the weekly performance, which currently reads -7.92%. At the time of writing SMLP’s report, the company has a total market cap of $87.93M, making it one of the largest publicly-traded companies in the world.
SMLP Insider Activities
For Summit Midstream Partners LP, insiders hold 34.80% of all company shares. The insider transactions over the past six months are up by 71.60%. During that period, insiders bought 880,798 shares in 10 transactions. In that same period, insiders sold 0 of their shares in 0 transactions. After these transactions, insiders at Summit Midstream Partners LP now hold 53.47M shares, which is over 23.91% of the total company stocks. Institutional investors currently hold a large chunk of the SMLP shares, as they control 56.55% of the company’s total stock.
SMLP Fundamental Analysis
For Summit Midstream Partners LP, the stock’s diluted earnings per share (EPS) stands at -4.06. In the coming year, analysts expect the EPS to be -0.13. The stock’s EPS growth this year is 104.80%, -59.40% in the previous five years. In terms of revenue, Summit Midstream Partners LP’s quarterly sales (YOY) is growing at 0.07, which is higher than the average annual revenue of -59.40% over the past half a decade.
The Return on Investment (ROI) on Summit Midstream Partners LP’s stock currently stands at 2.00%, and it has a net profit margin of -85.60%. The operating margin of the company is 19.20%, and its gross margin is 67.60%.
SMLP Analysts Prediction
The Citigroup has a Neutral rating for Summit Midstream Partners LP, predicting the stock price to stay between $13 and $6.50. Another analyst that has a Sector Perform rating for SMLP is RBC Capital Mkts, which set a price target of between $17 and $10. Credit Suisse reiterate their Underperform position on the stock ($15 and $9) and Robert W. Baird reiterate their Neutral position on the stock ($23 and $10).
Analysts at Credit Suisse believe that SMLP is Outperform, and they have a price target of between $18 and $15. Wunderlich and Wunderlich also believe that Summit Midstream Partners LP’s stock is outperforming at the moment.
At the moment, Summit Midstream Partners LP’s Total Debt to Equity ratio stands at 3.27, and they have a long-term Debt to Equity ratio of 3.26.
SMLP Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of SMLP currently stands at -21.51%, while the SMA50 is -19.19%. The biggest one is the SMA200, which is currently reading -62.61% ahead of Thursday’s trading session. The Relative Strength Index of this stock is 39.04.