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Salient Midstream is in the financial services sector and asset management industry. The company CEO is Gregory A. Reid. Salient Midstream and MLP Fund, along with its subsidiaries provides asset management and advisory services. The Fund’s objective is to provide a high level of total return with an emphasis on making quarterly cash distributions to its common shareholders.



Previous Intraday Performance:

The SMM shares had a previous change of 0.56% which opened at 8.92 and closed at 8.93. It moved to an intraday high of 8.93 and a low of 8.89.

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Historical Performance:

Over the last five trading days, SMM shares returned 2.64% and in the past 30 trading days it returned 1.10%. Over three months, it changed 13.04%. In one year it has changed -0.81% and within that year its 52-week high was 10.90 and its 52-week low was 6.80. SMM stock is 31.32% above its 52 Week Low.

Our calculations result in a 200 day moving average of 9.11 and a 50 day moving average of 8.74. Right now, SMM stock is trading -2.01% below its 200 day moving average and may be a great opportunity to buy, but should check other technical indicators to confirm a buy signal.

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Liquidity:

The company has a market cap of $158.3m with 17.7m shares outstanding and a float of 17.7m shares. Trading volume was 50,217 shares and has experienced an average volume of 116,588 shares. Our calculation, using the current average volume and close price, leads me to believe that the liquidity is bad, highly speculative and an investor may want to avoid this stock.

Earnings:

The last annual reported EPS for Salient Midstream was -0.43 which ended on 30th of November 2018.

The dividend per share is currently 0.68, which is a dividend yield of 7.66%. SMM stock may not have sufficient earnings to cover future dividends and still be able to invest in and grow the business, therefore in the future the dividend may be reduced.

The next earnings report will be: 03-21-2019

The growth of the EPS is critical in understanding the current valuation of Salient Midstream.



Indicators Also to Watch:

Based on the latest filings, there is 0.10% of insider ownership and 40.60% of institutional ownership. Short-interest was 14,704, which was 0.08% of shares outstanding. The short-interest ratio or days-to-cover ratio was 0.39. This stock has some short interest, but it might be normal and no need to worry if long the position.

I calculated the beta to be 1.74

SeekingAlpha:  TORM reports FY results

Fundamental Numbers:

Based on last reported financials, the company’s return on equity is -4.11%, return on assets is -2.93%, price-to-sales is -35.55 and price-to-book is 0.88.

Company Score Card:

Results are out of six:
 0  : Growth Expectations Result
 3  : Financial Safety Result
 0  : Past Performance Result
 1  : Valuation Result
 0  : Dividend Safety Result
 1  : Overall Result

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Jake McWilliams
I am an independent trader, analyst and algorithmic trading expert, having worked both for the sell side (brokerage) and the buy side (fund administration). I have been trading professionally for about 20 years. I trade stocks and forex and I play both long and short positions in underlying asset or through options. I have experience with discretionary and fully automated systems (Metatrader and Quantshare).

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