Summit Midstream Partners is an oil & gas midstream business based in the US. Summit Midstream Partners shares (SMLP) are listed on the NYSE and all prices are listed in US Dollars. Summit Midstream Partners employs 244 staff and has a trailing 12-month revenue of around $466.2 million.
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| 52-week range | $15.56 - $40.75 |
|---|---|
| 50-day moving average | $35.15 |
| 200-day moving average | $25.61 |
| Wall St. target price | $22.00 |
| PE ratio | 5.2994 |
| Dividend yield | N/A |
| Earnings per share (TTM) | $7.18 |
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Valuing Summit Midstream Partners stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Summit Midstream Partners's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Summit Midstream Partners's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 5x. In other words, Summit Midstream Partners shares trade at around 5x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Summit Midstream Partners's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 20.05. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Summit Midstream Partners's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Summit Midstream Partners's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $205.7 million.
The EBITDA is a measure of a Summit Midstream Partners's overall financial performance and is widely used to measure a its profitability.
| Revenue TTM | $466.2 million |
|---|---|
| Operating margin TTM | 17.69% |
| Gross profit TTM | $209.6 million |
| Return on assets TTM | 2.16% |
| Return on equity TTM | 11.73% |
| Profit margin | 23.2% |
| Book value | $70.29 |
| Market Capitalization | $405.2 million |
TTM: trailing 12 months
We're not expecting Summit Midstream Partners to pay a dividend over the next 12 months.
Summit Midstream Partners's shares were split on a 1:15 basis on 9 November 2020 . So if you had owned 15 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Summit Midstream Partners shares – just the quantity. However, indirectly, the new 1400% higher share price could have impacted the market appetite for Summit Midstream Partners shares which in turn could have impacted Summit Midstream Partners's share price.
Over the last 12 months, Summit Midstream Partners's shares have ranged in value from as little as $15.56 up to $40.75. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Summit Midstream Partners's is 2.448. This would suggest that Summit Midstream Partners's shares are significantly more volatile than the average for this exchange and represent a higher risk.
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 and freshwater delivery services. Its assets include Summit Utica system comprising the Utica and Point Pleasant shale formations in southeastern Ohio; Mountaineer Midstream system that includes the Marcellus shale in the Appalachian Basin in West Virginia; Polar and Divide system includes the Bakken and Three Forks shale formations in northwestern North Dakota; Niobrara G&P system, which comprises the Niobrara and Codell shale formations located near Hereford, Colorado. The company's assets also include Double E, a 135 mile interstate natural gas transmission pipeline; Grand River system that gathers natural gas produced from the Mancos and Niobrara shale formations in western Colorado; and DFW Midstream system comprising the Barnett Shale formation located in north-central Texas. In addition, it 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.
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