Analysts take a look at Summit Midstream Partners, LP (NYSE:SMLP) having this to say.

Investors sentiment increased to 1.29 in 2019 Q1. Its up 0.45, from 0.84 in 2018Q4. It is positive, as 12 investors sold Summit Midstream Partners, LP shares while 12 reduced holdings. 12 funds opened positions while 19 raised stakes. 27.32 million shares or 4.43% less from 28.59 million shares in 2018Q4 were reported.
Cullen Frost Bankers, a Texas-based fund reported 75 shares. Captrust Advsr owns 83 shares for 0% of their portfolio. Susquehanna Int Group Incorporated Llp has invested 0% in Summit Midstream Partners, LP (NYSE:SMLP). State Of New Jersey Common Pension Fund D reported 0.01% of its portfolio in Summit Midstream Partners, LP (NYSE:SMLP). Emory University stated it has 87,560 shares. Westwood Group Inc Inc holds 305,822 shares or 0.03% of its portfolio. Gradient Invs Ltd Liability Co stated it has 0% in Summit Midstream Partners, LP (NYSE:SMLP). Cohen Steers has invested 0.01% of its portfolio in Summit Midstream Partners, LP (NYSE:SMLP). Royal Commercial Bank Of Canada, Ontario – Canada-based fund reported 25,678 shares. Citigroup Inc holds 0% of its portfolio in Summit Midstream Partners, LP (NYSE:SMLP) for 289,501 shares. Fort Washington Investment Advsr Incorporated Oh has 179,233 shares for 0.02% of their portfolio. Advisors Asset Management has 0.01% invested in Summit Midstream Partners, LP (NYSE:SMLP). Spirit Of America Mgmt Corporation Ny holds 154,164 shares. Brookfield Asset Management stated it has 0.13% in Summit Midstream Partners, LP (NYSE:SMLP). Penbrook Mgmt Ltd Liability Corporation, a New York-based fund reported 24,800 shares.

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

Among 2 analysts covering Summit Midstream Partners (NYSE:SMLP), 0 have Buy rating, 2 Sell and 0 Hold. Therefore 0 are positive. Summit Midstream Partners has $1300 highest and $6 lowest target. $9.33’s average target is 84.75% above currents $5.05 stock price. Summit Midstream Partners had 7 analyst reports since February 26, 2019 according to SRatingsIntel. On Thursday, March 14 the stock rating was downgraded by Credit Suisse to “Underperform”. The firm has “Sell” rating given on Tuesday, March 12 by Barclays Capital. Below is a list of Summit Midstream Partners, LP (NYSE:SMLP) latest ratings and price target changes.

19/06/2019 Broker: LP Common Units Representing Limited Partner Interests Rating: Citigroup New Target: $13.0000 6.5000
29/04/2019 Broker: LP Common Units Representing Limited Partner Interests Rating: Rbc Capital
14/03/2019 Broker: Credit Suisse Old Rating: Outperform New Rating: Underperform Old Target: $15 New Target: $9 Downgrade
12/03/2019 Broker: Barclays Capital Rating: Sell New Target: $6 Maintain
07/03/2019 Broker: Robert W. Baird Old Rating: Outperform New Rating: Neutral Downgrade
03/03/2019 Broker: Wells Fargo Rating: Hold Maintain
26/02/2019 Broker: BidaskScore Rating: Sell Downgrade

The stock decreased 3.99% or $0.21 during the last trading session, reaching $5.05. About 396,706 shares traded or 42.06% up from the average. Summit Midstream Partners, LP (NYSE:SMLP) has declined 54.04% since August 15, 2018 and is downtrending. It has underperformed by 54.04% the S&P500.

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 $417.66 million. The firm provides natural gas gathering, treating, and processing services. It has a 13.12 P/E ratio. 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.

More notable recent Summit Midstream Partners, LP (NYSE:SMLP) news were published by: Fool.com which released: “5 High-Yield Dividend Stocks to Watch – The Motley Fool” on March 17, 2019, also Seekingalpha.com with their article: “Summit Midstream selects Crestwood’s Deneke as new President/CEO – Seeking Alpha” published on August 09, 2019, Prnewswire.com published: “SMLP Chief Executive Officer, Steve Newby, to be Featured in Upcoming Podcast Interview with Investing with the Buyside – PR Newswire” on June 07, 2018. More interesting news about Summit Midstream Partners, LP (NYSE:SMLP) were released by: Finance.Yahoo.com and their article: “Summit Midstream Partners LP (SMLP) Q2 2019 Earnings Call Transcript – Yahoo Finance” published on August 09, 2019 as well as Bizjournals.com‘s news article titled: “Woodlands-based midstream co. names new CFO, promotes other executives – Houston Business Journal” with publication date: December 11, 2018.

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

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