Press coverage about Summit Midstream Partners (NYSE:SMLP) has been trending somewhat positive on Saturday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Summit Midstream Partners earned a news impact score of 0.16 on Accern’s scale. Accern also gave news stories about the pipeline company an impact score of 47.1124854741575 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Summit Midstream Partners (NYSE SMLP) remained flat at $$22.50 during mid-day trading on Friday. The company’s stock had a trading volume of 127,600 shares, compared to its average volume of 144,199. The stock has a market capitalization of $1,640.00, a PE ratio of 15.41 and a beta of 1.65. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.12. Summit Midstream Partners has a 12-month low of $18.30 and a 12-month high of $26.50.
Several research analysts have recently issued reports on SMLP shares. Credit Suisse Group initiated coverage on Summit Midstream Partners in a research report on Thursday, January 4th. They issued an “outperform” rating and a $22.00 target price for the company. ValuEngine lowered Summit Midstream Partners from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. BidaskClub raised Summit Midstream Partners from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, Zacks Investment Research raised Summit Midstream Partners from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $24.50.
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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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