Noble Financial Has Bearish Estimate for SMC Q4 Earnings

Summit Midstream Partners, LP (NYSE:SMC) – Stock analysts at Noble Financial decreased their Q4 2026 earnings estimates for shares of Summit Midstream Partners in a research report issued to clients and investors on Wednesday, November 11th. Noble Financial analyst M. Reichman now expects that the company will post earnings per share of $0.29 for the quarter, down from their prior estimate of $0.31. The consensus estimate for Summit Midstream Partners’ current full-year earnings is $0.40 per share.

Other analysts have also issued reports about the company. Summit Redstone set a $39.00 target price on Summit Midstream Partners in a research report on Monday, August 3rd. TD Cowen boosted their price target on Summit Midstream Partners from $39.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Zacks Research downgraded Summit Midstream Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, November 2nd. Finally, Weiss Ratings downgraded Summit Midstream Partners from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

Summit Midstream Partners Stock Performance

NYSE:SMC opened at $30.85 on Thursday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.25 and a quick ratio of 0.94. The firm has a 50-day moving average of $31.43 and a two-hundred day moving average of $30.66. The stock has a market cap of $626.58 million, a P/E ratio of -77.13 and a beta of 0.88. Summit Midstream Partners has a 1-year low of $22.27 and a 1-year high of $36.47.

Summit Midstream Partners (NYSE:SMC) last released its quarterly earnings results on Monday, November 9th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.46. Summit Midstream Partners had a net margin of 1.61% and a return on equity of 1.17%. The firm had revenue of $183.01 million for the quarter, compared to the consensus estimate of $158.60 million.

Institutional Trading of Summit Midstream Partners

Institutional investors have recently added to or reduced their stakes in the stock. State Street Corp grew its holdings in Summit Midstream Partners by 1.6% during the 3rd quarter. State Street Corp now owns 187,463 shares of the company’s stock worth $5,667,000 after acquiring an additional 2,917 shares in the last quarter. Voya Investment Management LLC acquired a new stake in shares of Summit Midstream Partners in the 3rd quarter valued at about $391,000. Russell Investments Group Ltd. raised its stake in shares of Summit Midstream Partners by 339.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 31,465 shares of the company’s stock valued at $951,000 after purchasing an additional 24,313 shares in the last quarter. Simplex Trading LLC raised its stake in shares of Summit Midstream Partners by 6,428.6% in the 3rd quarter. Simplex Trading LLC now owns 914 shares of the company’s stock valued at $28,000 after purchasing an additional 900 shares in the last quarter. Finally, Engineers Gate Manager LP acquired a new stake in shares of Summit Midstream Partners in the 2nd quarter valued at about $305,000. 42.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Summit Midstream Partners

In related news, VP James Johnston sold 2,600 shares of Summit Midstream Partners stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $30.51, for a total value of $79,326.00. Following the completion of the sale, the vice president owned 72,757 shares in the company, valued at approximately $2,219,816.07. The trade was a 3.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 42.96% of the company’s stock.

About Summit Midstream Partners

Summit Midstream Corporation, formerly Summit Midstream Partners, is a midstream energy company that provides infrastructure and services to natural gas and crude oil producers. Its operations include gathering, compressing, treating and processing natural gas, as well as gathering and handling crude oil and produced water. The company’s assets serve production areas including the Williston Basin in North Dakota, the Piceance and Denver-Julesburg basins in Colorado, the Permian Basin in Texas and the Barnett Shale in Texas.