Summit Midstream Partners, LP (NYSE:SMLP) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

SMLP has been the topic of several other research reports. Zacks Investment Research lowered shares of Summit Midstream Partners, from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. BidaskClub raised shares of Summit Midstream Partners, from a “sell” rating to a “hold” rating in a research note on Friday, September 8th. Robert W. Baird dropped their price objective on shares of Summit Midstream Partners, from $28.00 to $27.00 and set an “outperform” rating on the stock in a research note on Friday, August 11th. Finally, Barclays PLC lowered shares of Summit Midstream Partners, from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $25.00 to $24.00 in a research note on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.67.

Shares of Summit Midstream Partners, (SMLP) opened at $20.05 on Thursday. Summit Midstream Partners, has a 52 week low of $19.15 and a 52 week high of $26.50. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.00 and a current ratio of 0.84. The company has a market cap of $1,440.00, a PE ratio of 11.87, a P/E/G ratio of 75.77 and a beta of 1.69.

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A number of institutional investors have recently modified their holdings of SMLP. HMI Capital LLC raised its holdings in Summit Midstream Partners, by 13.0% in the second quarter. HMI Capital LLC now owns 5,114,309 shares of the pipeline company’s stock worth $115,839,000 after buying an additional 588,085 shares during the last quarter. Harvest Fund Advisors LLC raised its holdings in Summit Midstream Partners, by 14.9% in the third quarter. Harvest Fund Advisors LLC now owns 3,365,477 shares of the pipeline company’s stock worth $67,310,000 after buying an additional 437,548 shares during the last quarter. First Trust Advisors LP purchased a new position in Summit Midstream Partners, in the second quarter worth about $9,143,000. JPMorgan Chase & Co. raised its holdings in Summit Midstream Partners, by 28.9% in the third quarter. JPMorgan Chase & Co. now owns 676,736 shares of the pipeline company’s stock worth $13,738,000 after buying an additional 151,725 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP raised its holdings in Summit Midstream Partners, by 3.2% in the second quarter. Kayne Anderson Capital Advisors LP now owns 3,138,000 shares of the pipeline company’s stock worth $71,068,000 after buying an additional 96,100 shares during the last quarter. 49.87% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Summit Midstream Partners, (NYSE:SMLP)

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