Summit Midstream Partners (SMLP) Given News Sentiment Rating of 0.18
Media coverage about Summit Midstream Partners (NYSE:SMLP) has been trending somewhat positive recently, Accern reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Summit Midstream Partners earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave news headlines about the pipeline company an impact score of 47.3356261238378 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Summit Midstream Partners LP – Value Analysis (NYSE:SMLP) : December 13, 2017 (finance.yahoo.com)
- Summit Midstream Partners LP breached its 50 day moving average in a Bullish Manner : SMLP-US : December 12, 2017 (finance.yahoo.com)
- Summit Midstream Partners (SMLP) Upgraded at ValuEngine (americanbankingnews.com)
- Summit Midstream Partners LP (SMLP) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
Several equities research analysts recently commented on the company. BidaskClub cut Summit Midstream Partners from a “hold” rating to a “sell” rating in a research note on Friday, September 15th. ValuEngine raised Summit Midstream Partners from a “hold” rating to a “buy” rating in a research note on Monday, December 11th. Finally, Zacks Investment Research cut Summit Midstream Partners from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. Summit Midstream Partners presently has a consensus rating of “Hold” and an average price target of $25.50.
Shares of Summit Midstream Partners (SMLP) opened at $20.85 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.12. Summit Midstream Partners has a one year low of $18.30 and a one year high of $26.50. The company has a market capitalization of $1,561.82, a P/E ratio of 12.62 and a beta of 1.66.
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Summit Midstream Partners Company Profile
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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