SMLP - Summit Midstream Partners, LP

NYSE - Nasdaq Real Time Price. Currency in USD
9.01
-0.15 (-1.64%)
As of 3:48PM EDT. Market open.
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Previous Close9.16
Open9.16
Bid9.00 x 800
Ask9.01 x 800
Day's Range8.92 - 9.16
52 Week Range8.92 - 17.73
Volume349,645
Avg. Volume552,137
Market Cap675.322M
Beta (3Y Monthly)1.53
PE Ratio (TTM)150.17
EPS (TTM)0.06
Earnings DateMay 1, 2019 - May 6, 2019
Forward Dividend & Yield2.30 (23.64%)
Ex-Dividend Date2019-02-06
1y Target Est11.44
Trade prices are not sourced from all markets
  • Summit Midstream Partners, LP Announces New Board Member
    PR Newswire7 days ago

    Summit Midstream Partners, LP Announces New Board Member

    THE WOODLANDS, Texas , April 18, 2019 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today the appointment of Lee Jacobe to the board of directors of its general partner, Summit Midstream ...

  • Is Summit Midstream Partners, LP (SMLP) a Great Value Stock Right Now?
    Zacks8 days ago

    Is Summit Midstream Partners, LP (SMLP) a Great Value Stock Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • TransCanada (TRP) Hits Fresh High: Is There Still Room to Run?
    Zacks15 days ago

    TransCanada (TRP) Hits Fresh High: Is There Still Room to Run?

    TransCanada (TRP) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

  • InvestorPlace20 days ago

    10 Dangerous Dividend Stocks to Avoid

    Considering that the Federal Reserve is still tapping the brakes on raising key interest rates, yield-hungry investors will continue to pour into dividend stocks. And that's a big reason I expect the market leaders in 2019 to be dividend growth stocks.Overall, the dividend yield on the S&P 500 hangs around 2%. Remember, most dividends are tax-advantaged and taxed at a maximum federal rate of 23.8%. So, the S&P 500 actually yields more than the 10-year Treasury bond, which yields 2.5% but is taxed at a maximum federal rate of 40.8%.However, not all dividend stocks are created equal. But before I explain why, let's take a step back and talk about what exactly a dividend is.InvestorPlace - Stock Market News, Stock Advice & Trading TipsA dividend is the distribution from a company's earnings paid directly to a class of its shareholders. It is up to the company as to when (or even if) it is paid. The dividends tend to be paid out on a quarterly basis, but some companies will also pay a semi-annual or annual dividend. Company management will always announce when it will be paid - including your deadline to buy the stock in order to receive this payout - and what the dividend will be per share.Now, the dividend yield varies depending on the company's actual dividend and where the stock price is at the time. In some cases, you may be looking at a double-digit dividend yield. But as attractive as a double-digit dividend yield may sound, I recommend you pump the brakes before investing. Chasing dividend yields alone can be downright dangerous. * 10 Medical Marijuana Stocks to Cure Your Portfolio Stocks are not like Treasury bonds or a savings account: There's no guarantee that you will get your money back. There's also no guarantee that company will continue paying a dividend. If you choose poorly, you could lose your capital as the stock price falls. Or, that nice juicy dividend could be slashed.In most cases, dividend yields are tantalizingly high for a reason (the stocks are cheap and rightly so) - and are simply not supported by the fundamental earnings power of the business.This is why my Dividend Grader is so important. Just like my Portfolio Grader, it uses my proprietary formula to put each stock through a rigorous test, crunching reams of data against a set of criteria I've created.This, in turn, tells us whether the stock is worth investing in or if we should be staying far, far away. Here are a few examples:Company Symbol Dividend Yield Total Grade Sanchez Midstream Partners LP NYSEAMERICAN:SNMP 55.9% F CBL & Associates Properties, Inc. NYSE:CBL 43.6% F BlueKnight Energy Partners LP LLC NASDAQ:BKEP 37.4% F Dynagas LNG Partners LP NYSE:DLNG 36.1% F Summit Midstream Partners LP NYSE:SMLP 23.6% F Medley Management, Inc. Class A NYSE:MDLY 23.3% F Uniti Group Inc NASDAQ:UNIT 21.5% F Arlington Asset Investment Corp. Class A NYSE:AI 21% F Owens & Minor, Inc. NYSE:OMI 20.9% F Office Properties Income Trust NASDAQ:OPI 20.7% f As you can see, each company has a huge double-digit dividend yield, but it also receives an "F" rating from Dividend Grader. This is because their dividend trend, dividend reliability, forward dividend growth and earnings are very, very poor.Now, I don't want to scare you away from dividends - far from it. I just want you to be aware of the potential risks. Investing in dividend stocks can also be very lucrative. If you get it right, you can make a fortune. Fundamentally strong dividend stocks pack a one-two punch of share price appreciation and a steady stream of income…with payouts that can be twice or five times what you get from a Treasury bond or from a bank.In fact, my Growth Investor advisor service features the creme de la creme of dividend growth stocks. A stock only makes it to our Elite Dividend Payers Buy List if it receives a "AA" rating, which means it must have an "A" rating in both Dividend Grader and Portfolio Grader.I've nicknamed these AA-rated stocks "Money Magnets" because I'm not the only one who finds them to be great investments - they're set to enjoy a flood of "smart money" from the big Wall Street institutions as well. Check out my full briefing on this phenomenon here.In fact, I just recommended a brand-new AA-rated stock in my latest Growth Investor Monthly Issue. It has a solid dividend yield, great long-term potential and is still trading below my recommended buy limit. You won't want to miss out on this exciting opportunity, so make sure to sign up here so I can reveal its name.It's no simple task to identify the best dividend stocks on the market, which is why Dividend Grader is such a handy tool to keep in your back pocket.The bottom line: Don't just jump into any dividend stock with a high yield. But if you stick with Dividend Grader, my proprietary formula will help you find the best of them and stay away from the worst.Now that you have an idea which dividend stocks to avoid - because they don't have the strength to sustain the payout - you won't want to miss my Money Magnets.Not only are these great businesses, but they're ones that big money on Wall Street has also noticed…leading to the most important sign of a stock's success: strong buying pressure.Most importantly, they have a long history of great dividend payments to investors like you - and the ability to keep that party going in the future.I mention it because this year, we're going to see the buying frenzy dry up for a lot of stocks…stocks that don't come anywhere near meeting this strict criteria.So I want every investor to know how to survive - and thrive - by viewing this briefing right away.Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Stocks That Would Be Hurt By a Mexico/U.S. Border Closure * 7 A-Rated Healthcare Stocks for Industry Expansion * 10 Stocks That Every 30-Year-Old Should Buy and Hold Forever Compare Brokers The post 10 Dangerous Dividend Stocks to Avoid appeared first on InvestorPlace.

  • TC Pipelines Hits 52-Week High: Does the Rally Have Legs?
    Zacks29 days ago

    TC Pipelines Hits 52-Week High: Does the Rally Have Legs?

    Although the FERC ruling slightly alters the business dynamics of TC Pipelines (TCP), the firm is anticipated to reap benefits from its impressive portfolio and brownfield expansions.

  • Are Investors Undervaluing Summit Midstream Partners, LP (SMLP) Right Now?
    Zacks29 days ago

    Are Investors Undervaluing Summit Midstream Partners, LP (SMLP) Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • 5 High-Yield Dividend Stocks to Watch
    Motley Foollast month

    5 High-Yield Dividend Stocks to Watch

    All five of these high-yield stocks look attractive, but there's a catch in each case.

  • Should Value Investors Buy Summit Midstream Partners, LP (SMLP) Stock?
    Zacks2 months ago

    Should Value Investors Buy Summit Midstream Partners, LP (SMLP) Stock?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • Exxon Mobil Now Sees an Even Bigger Gusher of Production Coming From the Permian Basin
    Motley Fool2 months ago

    Exxon Mobil Now Sees an Even Bigger Gusher of Production Coming From the Permian Basin

    The global oil giant boosted its production growth outlook by an eye-popping 80%.

  • Thomson Reuters StreetEvents2 months ago

    Edited Transcript of SMLP earnings conference call or presentation 26-Feb-19 2:00pm GMT

    Q4 2018 Summit Midstream Partners LP Earnings Call

  • Summit Midstream Partners, LP Files 2018 Annual Report on Form 10-K and Announces 2018 K-1 Tax Package Availability
    PR Newswire2 months ago

    Summit Midstream Partners, LP Files 2018 Annual Report on Form 10-K and Announces 2018 K-1 Tax Package Availability

    THE WOODLANDS, Texas , Feb. 28, 2019 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that it has filed its 2018 Annual Report on Form 10-K with the Securities and Exchange Commission. ...

  • Why Units of Summit Midstream Partners Are Getting Crushed Today
    Motley Fool2 months ago

    Why Units of Summit Midstream Partners Are Getting Crushed Today

    The midstream company made several changes that didn't sit well with its investors.

  • MarketWatch2 months ago

    Summit Midstream Partners stock sinks after dividend cut in half, CEO steps down

    Shares of Summit Midstream Parnters L.P. sank 9% in premarket trade Tuesday, after the owner and operator of energy assets said Tuesday it was cutting its quarterly distribution (dividend) in half and Chief Executive Steve Newby was stepping down, as it takes strategic actions to simplify its structure and improve its credit profile. The company named Chief Operations Officer Leonard Mallett as interim CEO. The new distribution of 28.75 cents a share, down from 57.5 cents a share, will be paid out in the first quarter. Based on Monday's stock closing price of $12.91, the new annual payout implies a dividend yield of 8.91%, compared with the implied yield for the S&P 500 of 2.03%. The company's strategic actions will also include the sale of Tioga Midstream for $90 million, the prepayment of $100 million of the deferred purchase price obligation (DPPO) and the elimination of Summit's economic general partner interest and incentive distribution rights in exchange for 8.75 million Summit shares. The stock has slumped 27% over the past 12 months through Monday, while the S&P 500 has gained 0.6%.

  • ACCESSWIRE2 months ago

    Summit Midstream Partners LP to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / February 26, 2019 / Summit Midstream Partners LP (NYSE: SMLP ) will be discussing their earnings results in their 2018 Fourth Quarter Earnings to be held on February 26, 2019 ...

  • Summit Midstream Partners, LP Reports Record Fourth Quarter and Full Year 2018 Financial Results and Provides 2019 Financial Guidance
    PR Newswire2 months ago

    Summit Midstream Partners, LP Reports Record Fourth Quarter and Full Year 2018 Financial Results and Provides 2019 Financial Guidance

    - Fourth quarter 2018 net income of $38.7 million and full year 2018 net income of $42.4 million - Record fourth quarter 2018 adjusted EBITDA of $76.9 million and full year 2018 adjusted EBITDA of $294.1 ...

  • Summit Midstream Partners, LP Announces Strategic Actions to Simplify Structure, Improve Distribution Coverage, Enhance Credit Profile and Drive Unitholder Value; Appoints Leonard Mallett as Interim Chief Executive Officer
    PR Newswire2 months ago

    Summit Midstream Partners, LP Announces Strategic Actions to Simplify Structure, Improve Distribution Coverage, Enhance Credit Profile and Drive Unitholder Value; Appoints Leonard Mallett as Interim Chief Executive Officer

    THE WOODLANDS, Texas, Feb. 26, 2019 /PRNewswire/ -- Summit Midstream Partners, LP (SMLP) announced today that it is undertaking a series of strategic actions to reposition the Company to better serve its customers and create value for its unitholders by enhancing its ability to fund attractive growth opportunities and maintain a prudent capital structure. To provide leadership for these new strategic actions, the Board of Directors of Summit Midstream GP, LLC (the "Board") has named Executive Vice President and Chief Operations Officer, Leonard Mallett, as President and Chief Executive Officer on an interim basis, effective immediately. The Board has engaged an executive recruiting firm to assist it in conducting the search for a permanent CEO.

  • GlobeNewswire2 months ago

    Research Report Identifies Novavax, Zillow Group, Broadridge Financial Solutions, Summit Midstream Partners, LP, Primoris Services, and RE/MAX with Renewed Outlook — Fundamental Analysis, Calculating Forward Movement

    NEW YORK, Feb. 15, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.

  • Summit Midstream Partners, LP Announces Date Change for Fourth Quarter 2018 Earnings Release and Earnings Call
    PR Newswire2 months ago

    Summit Midstream Partners, LP Announces Date Change for Fourth Quarter 2018 Earnings Release and Earnings Call

    SMLP will host a conference call at 9:00 a.m. Eastern on Tuesday, February 26, 2019, to discuss its quarterly results.  Interested parties may participate in the call by dialing 847-585-4405 or toll-free 888-771-4371 and entering the passcode 48142406.  The conference call will also be webcast live and can be accessed through the Investors section of SMLP's website at www.summitmidstream.com. A replay of the conference call will be available until March 12, 2019, at 11:59 p.m. Eastern, and can be accessed by dialing 888-843-7419 and entering the replay passcode 48142406#.  An archive of the conference call will also be available on SMLP's website.

  • PR Newswire3 months ago

    Alerian Reports December 31, 2018 Index Linked Product Positions

    DALLAS , Feb. 1, 2019 /PRNewswire/ -- Alerian reported index linked product positions of $12.2 billion as of December 31, 2018 . Linked products include exchange-traded funds, exchange-traded notes, return ...

  • Why the Earnings Surprise Streak Could Continue for Summit Midstream Partners, LP (SMLP)
    Zacks3 months ago

    Why the Earnings Surprise Streak Could Continue for Summit Midstream Partners, LP (SMLP)

    Summit Midstream Partners, LP (SMLP) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

  • Summit Midstream Partners, LP Announces Fourth Quarter 2018 Distribution and Schedules Fourth Quarter 2018 Earnings Call
    PR Newswire3 months ago

    Summit Midstream Partners, LP Announces Fourth Quarter 2018 Distribution and Schedules Fourth Quarter 2018 Earnings Call

    THE WOODLANDS, Texas, Jan. 24, 2019 /PRNewswire/ -- Summit Midstream Partners, LP (SMLP) announced today that the board of directors of its general partner, Summit Midstream GP, LLC, has declared a quarterly cash distribution of $0.575 per unit on all of its outstanding common units, or $2.30 per unit on an annualized basis, for the quarter ended December 31, 2018.  This quarterly distribution remains unchanged from the previous quarter and from the quarter ended December 31, 2017.  This distribution will be paid on February 14, 2019, to unitholders of record as of the close of business on February 7, 2019. SMLP will host a conference call at 10:00 a.m. Eastern on Friday, February 22, 2019, to discuss its quarterly results.  Interested parties may participate in the call by dialing 847-585-4405 or toll-free 888-771-4371 and entering the passcode 48142406.  The conference call will also be webcast live and can be accessed through the Investors section of SMLP's website at www.summitmidstream.com.

  • MoneyShow4 months ago

    5 Top-Yielding Gas Utilities

    Traditionally, the utilities sector -- especially equities that pay highest dividend yields -- has been considered a relatively safe bet in uncertain and volatile markets; and with a 3.16% average yield, the gas utilities segment offers the highest dividend yields within the utilities sector, asserts Ned Piplovic, editor of DividendInvestor.

  • Woodlands-based midstream co. names new CFO, promotes other executives
    American City Business Journals4 months ago

    Woodlands-based midstream co. names new CFO, promotes other executives

    The Woodlands-based Summit Midstream Partners LP (NYSE: SMLP) has a new CFO to replace outgoing executive Matthew Harrison. The master limited partnership announced in a Dec. 10 press release that Harrison, executive vice president and CFO of Summit Midstream Partners LLC and Summit Midstream GP LLC, will leave the company to pursue other interests. “On behalf of the board and all of Summit's employees, I would like to thank Matt for his service and significant contributions to the Summit family of companies since 2011, and I wish him continued success in his future endeavors,” Steve Newby, president and CEO of SMLP, said in the release.  Marc Stratton has been named as Harrison’s successor, effective immediately.

  • Summit Midstream Announces Senior Management Changes
    PR Newswire4 months ago

    Summit Midstream Announces Senior Management Changes

    THE WOODLANDS, Texas, Dec. 10, 2018 /PRNewswire/ -- Summit Midstream Partners, LP ("SMLP") announced today that Matthew Harrison, the Executive Vice President and Chief Financial Officer of Summit Midstream Partners, LLC ("Summit Investments") and Summit Midstream GP, LLC (collectively with Summit Investments, the "Company"), will be departing the Company to pursue other interests.  Summit Midstream GP, LLC, which is owned by Summit Investments, manages and operates SMLP.  Mr. Harrison's employment with the Company will terminate effective January 4, 2019.

  • HMI Capital’s Returns, AUM and Holdings
    Insider Monkey5 months ago

    HMI Capital’s Returns, AUM and Holdings

    Mick Hellman’s HMI Capital is a San Francisco-based, private investment management firm established during the Great Recession, in November 2008 with a mission “to invest in the highest-quality businesses when capital markets put pressure on their valuations”. Its founder, Marco (Mick) Hellman, who’s also its managing partner, comes from a family of financiers — his great great […]