The Technical Analyst
Summit Midstream Partners [SMLP]
Exchange: NYSE Sector: Energy Industry: Oil & Gas - Midstream
Summit Midstream Partners Price, Forecast, Insider, Ratings, Fundamentals & Signals
-1.29% $34.55
America/New_York / 8 mai 2024 @ 16:00
| FUNDAMENTALS | |
|---|---|
| MarketCap: | 360.09 mill |
| EPS: | 7.18 |
| P/E: | 4.81 |
| Earnings Date: | Aug 07, 2024 |
| SharesOutstanding: | 10.42 mill |
| Avg Daily Volume: | 0.0607 mill |
| RATING 2024-05-08 |
|---|
| B+ |
| Neutral |
| RATINGS | ||
|---|---|---|
| Rating CashFlow: | Strong Sell | |
| Return On Equity: | Strong Buy | |
| Return On Asset: | Strong Buy | |
| DE: | Strong Buy | |
| P/E: | Sell | |
| Price To Book: | Strong Sell |
| QUARTER GROWTHS | ||||||
|---|---|---|---|---|---|---|
| 4/22 | 1/23 | 2/23 | 3/23 | 4/23 | 1/24 | |
| Revenue | ||||||
| Gr.Profit | ||||||
| Ebit | ||||||
| Asset | ||||||
| Debt |
| PE RATIO: COMPANY / SECTOR |
|---|
| 0.25x |
| Company: PE 4.81 | sector: PE 19.21 |
| PE RATIO: COMPANY / INDUSTRY |
|---|
| 0.18x |
| Company: PE 4.81 | industry: PE 27.12 |
| DISCOUNTED CASH FLOW VALUE |
|---|
|
$-22.67 (-165.60%) $-57.22 |
| Date: 2024-05-08 |
| Expected Trading Range (DAY) |
|---|
|
$ 33.56 - 35.54 ( +/- 2.87%) |
| ATR Model: 14 days |
Insider Trading
| Date | Person | Action | Amount | type |
|---|---|---|---|---|
| 2024-04-16 | Peters Jerry L | Sell | 6 581 | Common Units (Limited Partner Interests) |
| 2024-03-22 | Johnston James David | Sell | 3 400 | Common Units |
| 2024-03-15 | Johnston James David | Buy | 9 794 | Common Units |
| 2024-03-15 | Johnston James David | Sell | 2 540 | Common Units |
| 2024-03-15 | Johnston James David | Buy | 3 253 | Common Units |
| INSIDER POWER |
|---|
| 27.10 |
| Last 99 transactions |
| Buy: 661 875 | Sell: 354 693 |
Forecast:
16:00 - $34.50
Live Trading Signals (every 1 min)
Forecast
1: 16:00 - $34.50
Forecast 2: 16:00 - $34.50
Forecast 3: 16:00 - $34.50
SCORE
10.00
Buy
10.00
Buy
Score Algorithm Version: 1.2C
Last version updated: Fri April 15th, 2022
Last version updated: Fri April 15th, 2022
| Indicator Signals | |
|---|---|
| RSI 21 | |
| SMA | |
| Trend | |
| Trend 2 | |
| Trend 3 | |
| MACD |
| Volume Signals | |
|---|---|
| Price | $34.55 (-1.29% ) |
| Volume | 0.0277 mill |
| Avg. Vol. | 0.0607 mill |
| % of Avg. Vol | 45.69 % |
| Signal 1: | |
| Signal 2: |
Today
Last 12 Months
RSI
Last 10 Buy & Sell Signals For SMLP
0 Signals | Accuracy: 0.00% | Accuracy Buy: 0.00% | Accuracy Sell: 0.00%
Avg return buy: 0.00 % | Avg return sell: 0.00 %
$1 invested is now $1.00 or 0.00% since Coming Soon
| Date | Signal | @ | Closed | % |
|---|
SMLP
Summit Midstream Partners, LP focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations in the continental United States. The company provides natural gas gathering, compression, treating, and processing services, as well as crude oil and produced water gathering services. Its unconventional resource basins include the Utica and Point Pleasant shale formations in southeastern Ohio; the Williston Basin that consists of the Bakken and Three Forks shale formations in northwestern North Dakota; the Denver-Julesburg Basin, which include the Niobrara and Codell shale formations in Colorado; the Permian Basin that comprise the Bone Spring and Wolfcamp shale formations in New Mexico; the Piceance Basin, which include the Mesaverde formation, and the Mancos and Niobrara shale formations in western Colorado; the Barnett Shale formation in north-central Texas; and the Marcellus Shale formation in northern West Virginia. The company also owns an ownership interest in Ohio Gathering, which owns and operates natural gas gathering and condensate stabilization facility in the Utica Shale in southeastern Ohio. It serves natural gas and crude oil producers. Summit Midstream GP, LLC operates as a general partner of the company. The company was founded in 2009 and is headquartered in Houston, Texas.
Latest Press Releases
2024-05-07 07:00:00 - Press Release
Summit Midstream Partners, Lp Announces Asset Sale Offer To Purchase Up To $215,000,000 Aggregate Principal Amount Of Outstanding 8.500% Senior Secured Second Lien Notes Due 2026
Houston , may 7, 2024 /prnewswire/ -- summit midstream partners, lp (nyse: smlp) ("summit," "smlp" or the "partnership") today announced that summit midstream holdings, llc ("holdings") and summit midstream finance corp. (together with holdings, the "issuers"), which are subsidiaries of the partnership, are commencing a cash tender offer (the "asset sale offer") to purchase up to $215,000,000 aggregate principal amount (the "asset sale offer amount") of their outstanding 8.500% senior secured second lien notes due 2026 (the "notes") at a purchase price of 100% of the aggregate principal amount thereof, plus accrued and unpaid interest to, but not including, the purchase date. the asset sale offer is being made pursuant to requirements set forth in the indenture governing the notes (the "indenture"), which generally requires, if the partnership has excess proceeds (as defined in the indenture) exceeding $10,000,000 on the 366th day after an asset sale (as defined in the indenture) (or, at the issuers' option, any earlier date), the issuers to make an offer to all registered holders (each a "holder" and collectively, the "holders") of notes to purchase the maximum principal amount of notes that may be purchased with 100% of such excess proceeds.
2024-05-02 16:15:00 - Press Release
Antero Midstream Announces Bolt-on Acquisition, Increased 2024 Guidance And Redemption Of 2026 Senior Notes
Denver , may 2, 2024 /prnewswire/ -- antero midstream corporation (nyse: am) ("antero midstream" or the "company") today announced a bolt-on acquisition of gathering and compression assets in the marcellus shale for $70 million from summit midstream partners lp (nyse: smlp). the transaction closed on may 1, 2024 with an effective date of april 1, 2024.
2024-05-02 16:02:00 - Press Release
Summit Midstream Partners, Lp Reports First Quarter 2024 Financial And Operating Results
Houston , may 2, 2024 /prnewswire/ -- summit midstream partners, lp (nyse: smlp) ("summit", "smlp" or the "partnership") announced today its financial and operating results for the three months ended march 31, 2024. highlights reduced net leverage ratio to approximately 3.9x, a dramatic reduction from 5.4x in the fourth quarter of 2023, furthering progress toward achieving 3.5x net leverage target first quarter 2024 net income of $132.9 million, adjusted ebitda of $70.1 million, cash flow available for distributions ("distributable cash flow" or "dcf") of $32.5 million and free cash flow ("fcf") of $17.2 million connected 71 wells during the first quarter active customer base with three drilling rigs and more than 80 ducs behind our systems successful conclusion to the double e open season resulting in an incremental 75 mmcfd, 10-year take or pay commitment and primary term extension with an existing customer plus an additional 150 mmcfd of non-binding bids from third parties sold remaining northeast assets in west virginia for approximately $75 million 1 revised pro forma 2024 adjusted ebitda guidance of $170 million to $200 million 2 1 includes $70...
2024-04-25 07:00:00 - Press Release
Summit Midstream Partners, Lp Schedules First Quarter 2024 Earnings Call And Announces Expiration And Results For Excess Cash Flow Offer To Purchase Up To $19,331,000 Aggregate Principal Amount Of Outstanding 8.500% Senior Secured Second Lien Notes Due 2026
Houston , april 25, 2024 /prnewswire/ -- summit midstream partners, lp (nyse: smlp) ("summit," "smlp" or the "partnership") today announced it will report operating and financial results for the first quarter of 2024 on friday, may 3, 2024, before the open of trading on the new york stock exchange. summit also announced the expiration and results of the previously announced cash tender offer (the "excess cash flow offer") of summit midstream holdings, llc ("holdings") and summit midstream finance corp. (together with holdings, the "issuers"), which are subsidiaries of the partnership, to purchase up to $19,331,000 aggregate principal amount of their outstanding 8.500% senior secured second lien notes due 2026 (the "notes") at a purchase price of 100% of the aggregate principal amount thereof, plus accrued and unpaid interest to, but not including, the purchase date.
2024-04-01 17:00:00 - Press Release
Double E Pipeline Announces Open Season For Available Capacity
Houston , april 1, 2024 /prnewswire/ -- double e pipeline, llc ("double e") announced today the launch of a non-binding open season ("open season") to solicit expressions of interest for firm transportation service on its system. the open season will commence at 4:00 p.m.
Latest News
2024-04-25 07:00:00 - PRNewsWire
Summit Midstream Partners, LP Schedules First Quarter 2024 Earnings Call and Announces Expiration and Results for Excess Cash Flow Offer to Purchase up to $19,331,000 Aggregate Principal Amount of Outstanding 8.500% Senior Secured Second Lien Notes Due 2026
HOUSTON , April 25, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit," "SMLP" or the "Partnership") today announced it will report operating and financial results for the first quarter of 2024 on Friday, May 3, 2024, before the open of trading on the New York Stock Exchange. Summit also announced the expiration and results of the previously announced cash tender offer (the "Excess Cash Flow Offer") of Summit Midstream Holdings, LLC ("Holdings") and Summit Midstream Finance Corp. (together with Holdings, the "Issuers"), which are subsidiaries of the Partnership, to purchase up to $19,331,000 aggregate principal amount of their outstanding 8.500% Senior Secured Second Lien Notes due 2026 (the "Notes") at a purchase price of 100% of the aggregate principal amount thereof, plus accrued and unpaid interest to, but not including, the purchase date.
2024-03-18 08:06:16 - Seeking Alpha
Summit Midstream Partners: Potential For Strong Performance, If It Can Survive
Summit Midstream Partners has a market cap consistently below $200 million and is burdened by rising debt. The company had a strong 2023 with adjusted EBITDA of $75 million and is focused on strategic alternatives for long-term survival. Despite concerns about debt and interest rates, the company's financial picture has improved and it expects continued success in its portfolio.
2024-02-23 07:00:00 - PRNewsWire
Summit Midstream Partners, LP Schedules Fourth Quarter 2023 Earnings Call
HOUSTON, Feb. 23, 2024 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today that it will report operating and financial results for the fourth quarter of 2023 and provide an update to its strategic alternatives review on Friday, March 15, 2024, before the open of trading on the New York Stock Exchange. Fourth Quarter 2023 Earnings Call SMLP will host a conference call at 10:00 a.m.
2023-11-03 18:55:25 - Seeking Alpha
Summit Midstream Partners, LP (SMLP) Q3 2023 Earnings Call Transcript
Summit Midstream Partners, LP (NYSE:SMLP ) Q3 2023 Earnings Call Transcript November 3, 2023 10:00 AM ET Company Participants Randall Burton - IR Heath Deneke - President, CEO & Chairman Bill Mault - CFO Conference Call Participants Gregg Brody - Bank of America Operator Good day, and thank you for standing by. Welcome to the Summit Midstream Partners Third Quarter 2023 Earnings Conference Call.
2023-09-29 10:37:37 - Seeking Alpha
Summit Midstream Partners Is Risky
Summit Midstream Partners stock has underperformed the market and its sector this year. The company has exhibited mediocre operating performance and is on track to post an annual loss for the fourth year in the last five years. Summit Midstream Partners has an excessive debt load and its interest expense exceeds its operating income.
2023-06-06 05:06:04 - Seeking Alpha
Summit Midstream Partners: Can It Survive Low Utilization?
Summit Midstream Partners continues to struggle with low utilization, even though capital spending is ramping up. However, the company remains profitable. The company has no way to handle paying off its debt due in 2025-2026 and it will need to roll it over. That's dangerous in a high-interest rate environment. The company's management is great and showed a def ability to handle 2020. That, combined with its valuation, makes the company an incredibly valuable investment.
2023-04-24 17:00:00 - PRNewsWire
Summit Midstream Partners, LP Schedules First Quarter 2023 Earnings Call
HOUSTON , April 24, 2023 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) ("Summit", "SMLP" or the "Partnership") announced today that it will report operating and financial results for the first quarter of 2023 on Friday, May 5, 2023, before the open of trading on the New York Stock Exchange. SMLP will host a conference call at 10:00 a.m.
2023-03-05 07:43:58 - Seeking Alpha
Summit Midstream Partners: Can You Live In The Jaws Of Bankruptcy?
Summit Midstream Partners, even with perfect execution, will face bankruptcy for the rest of the decade depending on how the market executes. The company continues to have a uniquely strong portfolio of assets and the DJ Basin assets add to that, although we feel it wasn't prudent to add debt at this time.
2023-02-24 13:22:08 - Seeking Alpha
Summit Midstream Partners, LP (SMLP) Q4 2022 Earnings Call Transcript
Summit Midstream Partners, LP (NYSE:SMLP ) Q4 2022 Earnings Conference Call February 24, 2023 10:00 AM ET Company Participants Randall Burton – Investor Relations Heath Deneke – Chairman, President and Chief Executive Officer Bill Mault – Chief Financial Officer Conference Call Participants Gregg Brody – Bank of America Operator Good morning, and thank you for standing by. Welcome to the Summit Midstream Partners Fourth Quarter 2022 Earnings Conference Call.
2023-02-15 19:03:26 - Seeking Alpha
Energy Income Weekly: Strong Fundamentals Continue To Drive Equity Outperformance
Strong commodity prices caused gathering and processing and royalty trust equities to outperform. Fourth quarter energy sector earnings are coming in strong.