Analyst Revises Summit Midstream Partners, LP (NYSE:SMLP) Stock Target


Summit Midstream Partners, LP (NYSE:SMLP) mean price target is revealed at $24.42 by Thomson Reuters. The group followed the stock recommendations given by experts in the First Call poll. Also, it is possible that the firm may list per share earnings of $0.19 in the coming quarter and $-0.36 for the ongoing fiscal. The market cap of Summit Midstream Partners, LP C was $1.52B after the equity closed at $22.60 in last trading day.

What The Valuation Says?

The price/earnings ratio is listed in the group of ratios that are used for stock valuation. Commonly entitled as P/E ratio, it aids investors know where the firm positions in the market. It is a consequent when share’s latest price is divided by per-share earnings. Summit Midstream Partners, LP (NYSE:SMLP) has a P/E ratio of N/A. Investors can ascertain how the stock is doing in the industry by assessing Price-to-Earnings Growth ratio.

In common, a high P/E proposes that investors are predicting higher earnings surge in the future compared to firms with a lower P/E ratio. A low P/E can direct either that a firm may currently be underrated or that the firm is doing extremely well comparative to its past trends. When a firm has no earnings or is recording losses, in both circumstances P/E will be stated as “N/A.” Though it is likely to compute a negative P/E, it is not the common convention.

Summit Midstream Partners, LP (NYSE:SMLP) PEG ratio sits at -12.56. A low PEG ratio presents an investment opportunity to the resourceful traders and investors. The stocks with a reading in between 0 and 1 are undervalued equities. A reading of 1 and 2 denotes fairly priced stocks.

Technical Perspective

The technical study of Summit Midstream Partners, LP C visibly elucidates that the 50-day MA of Summit Midstream Partners, LP C is $23.30, and stock is trading $-0.52 points away or -2.22% from 50-day moving average of $23.30. It is trading $2.07 or +10.01% away 200-day moving average of $20.71. Summit Midstream Partners, LP (NYSE:SMLP) 52-week high is $25.10 and the 52-week low is $11.06. This represents that if the equity moves $-2.32 points upside on the chart, it will hit a 52-week high. On the other hand, if it plunges +105.97%, then the share price can log a new 52-week low.

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