Pro-Summit Midstream Partners LP Institutional Investors Sentiment Runs High in 2019 Q1

Sentiment for Summit Midstream Partners LP (NYSE:SMLP)

Summit Midstream Partners LP (NYSE:SMLP) institutional sentiment increased to 1.29 in 2019 Q1. Its up 0.45, from 0.84 in 2018Q4. The ratio has improved, as 31 active investment managers increased or started new holdings, while 24 sold and decreased equity positions in Summit Midstream Partners LP. The active investment managers in our partner’s database now possess: 27.32 million shares, down from 28.59 million shares in 2018Q4. Also, the number of active investment managers holding Summit Midstream Partners LP in their top 10 holdings decreased from 1 to 0 for a decrease of 1. Sold All: 12 Reduced: 12 Increased: 19 New Position: 12.

Summit Midstream Partners, LP focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations in North America. The company has market cap of $653.29 million. The firm provides natural gas gathering, treating, and processing services. It currently has negative earnings. It operates in five unconventional resource basins, including the Appalachian Basin, which comprises the Utica and Point Pleasant shale formations in southeastern Ohio, and the Marcellus Shale formation in northern West Virginia; the Williston Basin that consists the Bakken and Three Forks shale formations in northwestern North Dakota; the Fort Worth Basin, which includes the Barnett Shale formation in north-central Texas; the Piceance Basin that comprises the Mesaverde formation, and the Mancos and Niobrara shale formations in western Colorado and eastern Utah; and the DJ Basin, which includes the Niobrara shale formation in northeastern Colorado.

The stock increased 1.94% or $0.15 during the last trading session, reaching $7.9. About 212,152 shares traded. Summit Midstream Partners, LP (NYSE:SMLP) has declined 46.25% since July 14, 2018 and is downtrending. It has underperformed by 50.68% the S&P500.

Analysts await Summit Midstream Partners, LP (NYSE:SMLP) to report earnings on August, 1. They expect $0.17 earnings per share, up 13.33 % or $0.02 from last year’s $0.15 per share. SMLP’s profit will be $14.06 million for 11.62 P/E if the $0.17 EPS becomes a reality. After $0.01 actual earnings per share reported by Summit Midstream Partners, LP for the previous quarter, Wall Street now forecasts 1,600.00 % EPS growth.

West Family Investments Inc. holds 0.82% of its portfolio in Summit Midstream Partners, LP for 335,692 shares. Emory University owns 87,560 shares or 0.6% of their US portfolio. Moreover, Advisory Research Inc has 0.28% invested in the company for 1.50 million shares. The New York-based Penbrook Management Llc has invested 0.25% in the stock. Spirit Of America Management Corp Ny, a New York-based fund reported 154,164 shares.

Summit Midstream Partners, LP (NYSE:SMLP) Ratings Coverage

Ratings analysis reveals 0 of Summit Midstream Partners’s analysts are positive. Out of 2 Wall Street analysts rating Summit Midstream Partners, 0 give it “Buy”, 2 “Sell” rating, while 0 recommend “Hold”. The lowest target is $6 while the high is $1300. The stock’s average target of $9.33 is 18.10% above today’s ($7.9) share price. SMLP was included in 7 notes of analysts from February 26, 2019. The stock of Summit Midstream Partners, LP (NYSE:SMLP) has “Underperform” rating given on Thursday, March 14 by Credit Suisse. The firm has “Sell” rating by Barclays Capital given on Tuesday, March 12.

More notable recent Summit Midstream Partners, LP (NYSE:SMLP) news were published by: Fool.com which released: “The Biggest Problem With Summit Midstream Partners, LP Stock – Motley Fool” on March 22, 2016, also Seekingalpha.com with their article: “A 13% Yield For Patient Income Investors – Seeking Alpha” published on August 24, 2018, Seekingalpha.com published: “Summit Midstream: An Undervalued Play On North America’s Primary Energy Basins – Seeking Alpha” on August 17, 2018. More interesting news about Summit Midstream Partners, LP (NYSE:SMLP) were released by: Seekingalpha.com and their article: “Dividends By The Numbers For April 2019 – Seeking Alpha” published on May 02, 2019 as well as Seekingalpha.com‘s news article titled: “97 High-Yield Hot Dividend Dogs For July – Seeking Alpha” with publication date: July 11, 2019.

Summit Midstream Partners, LP (NYSE:SMLP) Institutional Positions Chart

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