News headlines about Summit Midstream Partners (NYSE:SMLP) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Summit Midstream Partners earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned news headlines about the pipeline company an impact score of 45.5571104908719 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of Summit Midstream Partners (NYSE SMLP) opened at $20.05 on Monday. Summit Midstream Partners has a 52 week low of $18.30 and a 52 week high of $24.90. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $1,494.73, a P/E ratio of 12.08 and a beta of 1.63.
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, February 7th were paid a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 11.47%. The ex-dividend date of this dividend was Tuesday, February 6th. Summit Midstream Partners’s payout ratio is currently 157.53%.
A number of analysts have recently commented on SMLP shares. Credit Suisse Group initiated coverage on Summit Midstream Partners in a research note on Thursday, January 4th. They issued an “outperform” rating and a $22.00 target price on the stock. ValuEngine downgraded Summit Midstream Partners from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. BidaskClub downgraded Summit Midstream Partners from a “hold” rating to a “sell” rating in a research report on Saturday, October 28th. SunTrust Banks set a $24.00 price target on Summit Midstream Partners and gave the stock a “hold” rating in a research report on Monday, January 29th. Finally, Zacks Investment Research raised Summit Midstream Partners from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Wednesday, November 15th. One 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. Summit Midstream Partners presently has a consensus rating of “Hold” and a consensus price target of $24.43.
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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.
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