Summit Midstream Partners LP
Prices are adjusted according to historical splits.
Vitals
- Today's Low:
- $13
- Today's High:
- $13.38
- Open Price:
- $13.06
- 52W Low:
- $13
- 52W High:
- $21.49
- Prev. Close:
- $13.05
- Volume:
- 14080
Company Statistics
- Market Cap.:
- $135.41 million
- Book Value:
- 62.025
- Revenue TTM:
- $385.74 million
- Operating Margin TTM:
- 13.76%
- Gross Profit TTM:
- $209.55 million
- Profit Margin:
- -15.39%
- Return on Assets TTM:
- 1.38%
- Return on Equity TTM:
- -6.7%
Company Profile
Summit Midstream Partners LP had its IPO on 2012-09-28 under the ticker symbol SMLP.
The company operates in the Energy sector and Oil & Gas Midstream industry. Summit Midstream Partners LP has a staff strength of 252 employees.
Stock update
Shares of Summit Midstream Partners LP opened at $13.06 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $13 - $13.38, and closed at $13.38.
This is a +2.53% increase from the previous day's closing price.
A total volume of 14,080 shares were traded at the close of the day’s session.
In the last one week, shares of Summit Midstream Partners LP have slipped by -2.83%.
Summit Midstream Partners LP's Key Ratios
Summit Midstream Partners LP has a market cap of $135.41 million, indicating a price to book ratio of 0.2283 and a price to sales ratio of 0.4553.
In the last 12-months Summit Midstream Partners LP’s revenue was $385.74 million with a gross profit of $209.55 million and an EBITDA of $172.48 million. The EBITDA ratio measures Summit Midstream Partners LP's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Summit Midstream Partners LP’s operating margin was 13.76% while its return on assets stood at 1.38% with a return of equity of -6.7%.
In Q2, Summit Midstream Partners LP’s quarterly earnings growth was a positive 1000% while revenue growth was a negative 1.2%.
Summit Midstream Partners LP’s PE and PEG Ratio
- Forward PE
- 13.5501
- Trailing PE
- 0
- PEG
- 20.05
Its diluted EPS in the last 12-months stands at $-7.97 per share while it has a forward price to earnings multiple of 13.5501 and a PEG multiple of 20.05. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Summit Midstream Partners LP’s profitability.
Summit Midstream Partners LP stock is trading at a EV to sales ratio of 3.5625 and a EV to EBITDA ratio of 15.8967. Its price to sales ratio in the trailing 12-months stood at 0.4553.
Summit Midstream Partners LP stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.
Balance sheet and cash flow metrics
- Total Assets
- $2.51 billion
- Total Liabilities
- $110.04 million
- Operating Cash Flow
- $-15668000.00
- Capital Expenditure
- $15.74 million
- Dividend Payout Ratio
- 0%
Summit Midstream Partners LP ended 2024 with $2.51 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $2.51 billion while shareholder equity stood at $854.92 million.
Summit Midstream Partners LP ended 2024 with $0 in deferred long-term liabilities, $110.04 million in other current liabilities, in common stock, $0 in retained earnings and $0 in goodwill. Its cash balance stood at $13.61 million and cash and short-term investments were $13.61 million. The company’s total short-term debt was $13,008,000 while long-term debt stood at $1.48 billion.
Summit Midstream Partners LP’s total current assets stands at $82.79 million while long-term investments were $498.36 million and short-term investments were $0. Its net receivables were $60.43 million compared to accounts payable of $14.96 million and inventory worth $1.26 million.
In 2024, Summit Midstream Partners LP's operating cash flow was $-15668000.00 while its capital expenditure stood at $15.74 million.
Comparatively, Summit Midstream Partners LP paid $0 in dividends in 2024.
Other key metrics
- Current Trading Price
- $13.38
- 52-Week High
- $21.49
- 52-Week Low
- $13
- Analyst Target Price
- $22
Summit Midstream Partners LP stock is currently trading at $13.38 per share. It touched a 52-week high of $21.49 and a 52-week low of $21.49. Analysts tracking the stock have a 12-month average target price of $22.
Its 50-day moving average was $14.75 and 200-day moving average was $16.12 The short ratio stood at 1 indicating a short percent outstanding of 0%.
Around 660% of the company’s stock are held by insiders while 4787.7% are held by institutions.
Frequently Asked Questions About Summit Midstream Partners LP
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About
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. Summit Midstream Partners, LP was founded in 2009 and is based in Houston, Texas.