|Bid||15.850 x 1100|
|Ask||15.950 x 800|
|Day's Range||15.650 - 16.000|
|52 Week Range||13.100 - 24.750|
|PE Ratio (TTM)||16.25|
|Forward Dividend & Yield||2.30 (14.98%)|
|1y Target Est||N/A|
Currently, Summit Midstream Partners (SMLP) is trading at a yield close to 15%. On May 8, RBC cut its target price for Summit Midstream from $20 to $18. The mean target price for Summit Midstream provided by the surveyed analysts is $17.6.
Currently, the Alerian MLP Index (^AMZ) has a yield higher than 8%. Even with the ten-year Treasury yield’s rise above 3%, AMZ offers an attractive spread of 5% over the Treasury yield. However, there are some MLPs that are trading at yields above 12%. In this series, we’ll take a look at seven MLPs. We’ll see whether or not Wall Street analysts recommend these MLPs.
While insiders may sell their shareholdings for many reasons, such as personal needs for cash, they tend to buy more shares with one motive in mind – increase their exposureRead More...
Buckeye Partners (BPL) saw one rating downgrade and three target price revisions last week. Citigroup lowered the partnership to neutral, which is equivalent to “hold,” from a “buy.” The three target price revisions include: Citigroup: $39 from $55 Stifel: $45 from $56 Mizuho: $42 from $45
Legacy Reserves (LGCY), an upstream MLP involved in crude oil, natural gas, and NGLs (natural gas liquids) production, was the top MLP gainer in the week ending April 13, 2018. Legacy Reserves rallied 17.4% last week. The rally was mainly due to strong gains in crude oil prices.
The Federal Energy Regulatory Commission announced March 15 that it will change a policy regarding master limited partnerships' tax benefits. MLPs for interstate natural gas and oil pipelines will no longer be allowed to “recover an income tax allowance in cost-of-service rates,” according to a press release . The change was spurred by an appeals court decision in United Airlines Inc. v. FERC that said FERC failed to demonstrate that a pipeline operator was not receiving “double recovery” of “both an income tax allowance and a return on equity determined by the discounted cash flow methodology,” per the release.
Summit Midstream Partners (NYSE: SMLP ) unveils its next round of earnings Thursday. Get prepared with Benzinga's ultimate preview for Summit Midstream Partners' Q4 earnings. Earnings and Revenue Summit ...
Energy Transfer Equity (ETE) continues to reward unit holders with a distribution hike. The partnership's development projects are expected to provide funds for further distribution hikes.
Categories: Yahoo FinanceGet free summary analysis Summit Midstream Partners LP reports financial results for the quarter ended September 30, 2017. Highlights Summary numbers: Revenues of USD 124.80 million, Net Earnings of USD 89.55 million. Gross margins widened from 38.92% to 44.50% compared to the same period last year, operating (EBITDA) margins now 56.91% from 55.45%. Change in ... Read more (Read more...)
The Zacks Analyst Blog Highlights: Tailored Brands, American Axle & Manufacturing Holdings, Summit Midstream Partners, Community Bank System and Park National
Categories: Fundamental Analysis Yahoo FinanceClick here to see latest analysis Capitalcube gives Summit Midstream Partners LP a score of 50. Our analysis is based on comparing Summit Midstream Partners LP with the following peers – Williams Companies, Inc., TC PipeLines, LP, American Midstream Partners, LP, EnLink Midstream Partners, L.P., Targa Resources Corp., Williams Partners, L.P. and DCP Midstream LP ... Read more (Read more...)
Categories: ETFs Yahoo FinanceGet full CapitalCube analysis *Disclaimer : This is as of previous day’s closing price. Technical Indicators Below is a quick look at 5 technical indicators for Summit Midstream Partners LP. More studies are available on the Technical Chart. Indicator Signal Closing Price above/below 50 Day Moving Average Bullish Closing Price above/below 200 Day Moving Average ... Read more (Read more...)
Let's see if Summit Midstream Partners, LP (SMLP) stock is a good choice for value-oriented investors right now from multiple angles.
These MLPs offer jaw-dropping current dividend yields that are becoming increasingly safer and could head higher in the coming years.
Rating Action: Moody's assigns B3 rating to Summit Midstream's perpetual preferred units. Global Credit Research- 08 Nov 2017. New York, November 08, 2017-- Moody's Investors Service assigned a B3 rating ...