Summit Midstream Partners LP is part of the oil and gas midstream industry and trades as part of the energy sector. The company CEO is Leonard W. Mallett. Summit Midstream Partners LP is engaged in developing, owning and operating midstream energy infrastructure assets that are strategically located in the core producing areas of unconventional resource basins,shale formations in the continental USA.



Previous Intraday Performance:

The SMLP shares had a previous change of -1.33% which opened at 8.27 and closed at 8.25. It moved to an intraday high of 8.27 and a low of 8.13.

SeekingAlpha:  71 10%+ Dividend Yield Top Dogs For May

Historical Performance:

Over the last five trading days, SMLP shares returned -2.48% and in the past 30 trading days it returned -10.24%. Over three months, it changed -33.45%. In one year it has changed -37.71% and within that year its 52-week high was 17.73 and its 52-week low was 7.85. SMLP stock is 5.10% above its 52 Week Low.

Our calculations result in a 200 day moving average of 12.00 and a 50 day moving average of 9.01. Right now, SMLP stock is trading -31.27% below its 200 day moving average and may not be a great opportunity to buy as it may continue to trend down.

SeekingAlpha:  71 10%+ Dividend Yield Top Dogs For May

Liquidity:

The company has a market cap of $673.1m with 82.7m shares outstanding and a float of 82.1m shares. Trading volume was 58,785 shares and has experienced an average volume of 506,372 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 Summit Midstream Partners LP was 0.06 which ended on 31st of December 2018, which according to the previous close, that is a PE of 135.67. Based on 3 analyst estimates, the consensus EPS for the next quarter is 0.20. The trailing twelve month EPS is 1.30, which comes to a trailing twelve month PE of 6.26.

The dividend per share is currently 1.15, which is a dividend yield of 13.94%. SMLP 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: 05-20-2019

The long-term trend of the EPS is a vital number as it helps understand the future potential of Summit Midstream Partners LP; the EPS growth rate, as it is typically called, is usually expressed as a percentage, which at this time is hard to estimate, but revenue growth has been 9.10% over the last twelve months.



Indicators Also to Watch:

Based on the latest filings, there is 60.80% of institutional ownership. Short-interest was 2,597,384, which was 3.14% of shares outstanding. The short-interest ratio or days-to-cover ratio was 9.30. 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 1.68

Business Wire:  SEACOR Marine Announces First Quarter 2019 Results

Fundamental Numbers:

Based on last reported financials, the company’s return on assets is -0.96%, profit margin is 1.75%, price-to-sales is 1.38 and price-to-book is 0.60.

Company Score Card:

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

Related Tags: , , ,

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).

LEAVE A REPLY

Please enter your comment!
Please enter your name here