Media coverage about Summit Midstream Partners (NYSE:SMLP) has been trending somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Summit Midstream Partners earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the pipeline company an impact score of 45.7098505287242 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
SMLP has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Summit Midstream Partners from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Saturday, October 21st. ValuEngine upgraded shares of Summit Midstream Partners from a “hold” rating to a “buy” rating in a research report on Monday, December 11th. BidaskClub cut shares of Summit Midstream Partners from a “hold” rating to a “sell” rating in a research report on Saturday, October 28th. Credit Suisse Group began coverage on shares of Summit Midstream Partners in a research report on Thursday, January 4th. They issued an “outperform” rating and a $22.00 target price for the company. Finally, SunTrust Banks set a $24.00 price objective on shares of Summit Midstream Partners and gave the company a “hold” rating in a report on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $24.43.
Summit Midstream Partners (NYSE SMLP) opened at $20.65 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.12. The stock has a market cap of $1,510.00, a P/E ratio of 14.14 and a beta of 1.63. Summit Midstream Partners has a 1-year low of $18.30 and a 1-year high of $24.90.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Wednesday, February 7th will be issued a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 11.14%. The ex-dividend date of this dividend is Tuesday, February 6th. Summit Midstream Partners’s dividend payout ratio (DPR) is presently 157.53%.
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About Summit Midstream Partners
Summit Midstream Partners, LP focuses on developing, owning and operating midstream energy infrastructure assets. The Company’s segments include the Utica Shale, which includes its ownership interest in Ohio Gathering, as well as Summit Utica; the Williston Basin, which includes Bison Midstream, Polar and Divide and Tioga Midstream; the Marcellus Shale, which includes Mountaineer Midstream; the Barnett Shale, which includes DFW Midstream Services LLC (DFW Midstream), and the Piceance Basin /DJ Basins, which includes Grand River and Niobrara G&P.
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